Immigration is Skyrocketing Australian Real Estate Prices

[@FernanPer94]

I don't understand how Australia suffers from this when they have natural borders like the sea, which prevents massive migration, and they can control air migration. This is purely the government's fault for leaving the doors open for anyone to enter.

[@stevenrafa1]

true

[@countplokoon]

These are not boat people coming in these are legal migrants. They come in because the government is bringing them in. The government brings them in because they have no choice. They have no choice because Australia’s economy is dumb and short sighted.

[@demonbird166]

Unfortunately we also have a skills shortage which can only be fixed by increased immigration of skilled workers so it's a bit of a double edged sword. We need workers to build more houses, but every worker we get needs another house to live in. I believe their solution at the moment is to increase more built up housing such as apartments. We also only have a handful of cities where people can get decent work, meaning everyone has to try to cram into the same little city without the infrastructure to support such population growth.

[@tobybrown1179]

Hides the massive debts and inflation so increase the population

[@Mike-ol2gn]

@@demonbird166problem is Australia has had the wrong migration mix. 8million people have migrated to Australia since the 2000s and the skill shortages are worse than ever. You’d think with 8 million extra people we’d solve the skills shortages. Problem is we are getting bums on seats in Australia as Will points out, to pay for aged care and Ndis. I mean yoga teachers and dog walkers are on the approved migrant list. Do we really need those skills in Australia?? Ever second person in Byron is a yoga teacher

[@baits9301]

The bit i don't understand is why is land in the outer suburbs of Melbourne selling for over 1k per sqm , 300sqm tiny block sells for 350k . If you flood the market with cheap land in the outer suburbs , housing should also fall . Land Developers , are land banking and charging through the roof , slowely releasing land , to keep the prices high . Also our government want housing to be expensive , to force people into small apartments , and smaller homes .

[@darkphoenix8350]

Greed said hi! That's why there will never be 'cheap' blocks of land sold to anyone.

[@Troydeboi]

I think all the big players are using this trick on supply and demand tbh. Consider fuel for instance, just barrel the amount to keep prices high. Post covid prices should have come down due to increased supply back to normal levels but appears supply has remained an issue, go figure.

[@markspin4596]

It's pretty basic economics. More demand and less supply shifts the demand curve..

[@stevenrafa1]

true

[@kimeccleston5586]

Not according to Labor and greens.

[@kimeccleston5586]

I certainly don't like Tucker but yep, he plretty clearly summed it up.

[@thearchitect9737]

thank you for putting it straight when those in charge cant

[@stevenmartin6271]

I think another problem is the anti-competitive nature of GST since its inception. The time input and record-keeping cost proportionally to their income makes for low productivity. Small businesses building things in-house must account for nominal amounts of tax for high levels of time investment. This stunts their ability to grow and become productive, hence our manufacturing sector has suffered greatly. I built furniture and this was an issue. Not anymore! Now I am looking to build electronic goods in Australia - but bloody hell is it complex. Now we are experiencing ramifications of high cost due to labour shortages and shipping costs (because we have to import the majority of our components and assemble on shore), on top of the accounting. Talk about stunting the next generation of fintech. How are we to ever compete with Singaporean company set up!? All I can do is rant on KZbin in places like this and Sky News....god forbid if you could on the ABC haha. We might actually have a sovereign wealth fund if we could. But no.

[@grizbaseball]

Fear and uncertainty create major wealth. It's those who take the risk and have strong gut to endure the bloody days. When i notice extreme dips i tend to actually move more money to crypto....

[@quantarrow]

I feel sympathy for our country, low income people are now suffering to survive yet inflation and recession keep increasing daily, many families can't even enhance the good cost of living anymore. You've helped me a lot Sir Brian! Imagine I invested $50,000 and received $190,500 after 14 days

[@IshrakHossain-rt8is]

Very possible! especially at this moment. Profits can be made in many different ways, but such intricate transactions should only be handled by seasoned market professionals.

[@BigNate82]

Finding yourself a good broker is as same as finding a good wife, which you go less stress, you get just enough with so much little effort at things

[@whitefearlytales]

Brian demonstrates an excellent understanding of market trends, making well informed decisions that leads to consistent profit

[@vanillatgif]

I'm surprised that you just mentioned and recommend Mr Brian Nelson. I met him at a conference in 2018 and we have been working together ever since.

[@Ragnar6000]

scrap negative gearing it will at least chase off the speculators!

[@Troydeboi]

90 odd % of australian politicians have property portfolios.

[@harmankardon478]

so much for their aging population reasoning... because more and more people won't be having kids due to lack of affordability...

[@baits9301]

I do contract work for a womens hospital , and yep it's never been so quite , in the 15 years that i have been going there . Birth rates have dropped alot . Even though our population has grown .

[@RobertRitchie-re5pt]

People don’t have children if they’re not happy. Well guess what???????? We’re not happy.

[@exploringoptionsabroad]

That is true 45 years ago.

[@michaelmallal9101]

The ALP in NSW closed psychiatric hospital beds viz. Callan Park and Gladesville, which probably increased homeless.

[@flavrzflavourconcentratesa5229]

agree heightened immigration has major effects, though I would say the very generous taxation breaks and true foreign investment is more weighted in this argument. Foreign ownership through a number of work arounds. You only have too look and listen to the WE CHAT "Chatters" on all these issues. My question is why are we allowing foreign ownership and capital investment in our domestic housing market in the first place? as they is way more number than the stats (or lies as you can cut them any way you like to drill the data you want). All to prop up a failing economy like the rest of the world, If you look at GDP per person we are definitely in a big hole. Adding to immigration only deepens this hole. Have a look at the NZ government policies around housing and their statement about letting the house market come down. Here in Australia that is a very dirty word, and political suicide.

[@RobertRitchie-re5pt]

Let me guess. Wages aren’t going up.