Australian Politics Forum - THE GREAT HOUSING FIASCO

Laugh till you cry

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Re: THE GREAT HOUSING FIASCO
Reply #30 - Jul 11^th, 2022 at 10:36am

The demand side is being overlooked.

The government has created excessive housing demand by extraordinarily high rates of migration and long-term visas into Australia.

In 2019 there were ~ one million a month of international arrivals of which at least 20% were long term visa entrants. That's around 200,000 a month, or 0.8% of the population per month which is mostly migrants and foreign students.

The government is enabling all these long-term entries but is making no provision in ensuring housing and other infrastructure is upgraded to cope with the population growth.

https://www.statista.com/statistics/1117476/australia-monthly-international-arri...

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Please don't thank me. Effusive fawning and obeisance of disciples, mendicants, and foot-kissers embarrass me.

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freediver

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Re: THE GREAT HOUSING FIASCO
Reply #31 - Jul 11^th, 2022 at 6:39pm

Quote:

most people already minimise the number of accounts they have. Why pay extra bank fee's when you don't need it.

The only one I pay fees on is the home loan. None of them have transaction fees. Bank accounts are like email addresses these days. You sign up to an online bitcoin broker and hey presto, here's a free bank account.

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People who can't distinguish between etymology and entomology bug me in ways I cannot put into words.

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Sir Grappler Truth Teller OAM

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Re: THE GREAT HOUSING FIASCO
Reply #32 - Jul 11^th, 2022 at 6:42pm

Laugh till you cry wrote on Jul 11^th, 2022 at 10:36am:

The demand side is being overlooked.

The government has created excessive housing demand by extraordinarily high rates of migration and long-term visas into Australia.

In 2019 there were ~ one million a month of international arrivals of which at least 20% were long term visa entrants. That's around 200,000 a month, or 0.8% of the population per month which is mostly migrants and foreign students.

The government is enabling all these long-term entries but is making no provision in ensuring housing and other infrastructure is upgraded to cope with the population growth.

https://www.statista.com/statistics/1117476/australia-monthly-international-arri...

By god you're good when you stop playing the insane jigaboo joongle boonny.

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“Facts are stubborn things; and whatever may be our wishes, our inclinations, or the dictates of our passion, they cannot alter the state of facts and evidence.”
― John Adams

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