Mastodawn

This is well said - it's not immigrants who are pushing up the price of housing, it's investors. At very least the federal government should restrict tax breaks to new housing only, not existing structures.

"Fresh analysis by the Australian Council of Social Service shows it’s actually investors we should be pointing the finger at — and perhaps more crucially, the tax system that drives them to behave the way they do.

"Property investors are buying twice as many homes as first home buyers, according to the research, with average loan sizes about $100,000 higher than those of first home buyers. It’s no wonder would-be first home owners are being outbid by investors and finding it so hard to walk away with the keys."

https://www.smh.com.au/business/the-economy/blaming-immigrants-for-high-house-prices-look-at-the-other-i-word-20260219-p5o3n1.html

#auspol

Blaming immigrants for high house prices? Look at the other ‘I’ word

There’s one group buying double the number of homes as first home buyers are – and it’s not migrants.

The Sydney Morning Herald

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Mojo ♻️Feb 20

@timrichards Great article calling out investor tax breaks as the bigger culprit in Australia’s housing mess, not migrants (it’s behind a paywall). But it misses a key real-world example: Victoria has hit investors hard with higher land taxes, lowered thresholds, vacant residential land taxes (now statewide), etc. Result? Melbourne’s median house price (~$1.06–1.11M recently) lags well behind Sydney’s (~$1.7M+), with slower growth and more first-home buyer entry. Proof that curbing investor advantages can actually tame the ponzi-like property market without killing the economy

#auspol #negativegearing #cgt #ponzi #housingcrisis

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Matt Godden Feb 20

@mojo @timrichards Of course, since the federal ALP doesn't want to do any of those things, they cede the narrative, and One Nation gets to say "too many people, not enough houses, our policy is less people", and appear to have *a* plan to fix the problem, rather than the ALP's policy of sounding like the adults in Charlie Brown *waah* *waah* *woah* *waahwaah*.