Australian Politics Forum - Dutton's Son Says He Cant Afford A House

lee Gold Member Offline Australian Politics Posts: 18334 Gender:	Re: Dutton's Son Says He Cant Afford A House Reply #60 - Apr 17^th, 2025 at 1:47pm Wow. A twenty-year-old can't afford a house. Be still my beating heart.
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Leroy

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Re: Dutton's Son Says He Cant Afford A House
Reply #61 - Apr 17^th, 2025 at 1:53pm

John Smith wrote on Apr 17^th, 2025 at 1:43pm:

ProudKangaroo wrote on Apr 17^th, 2025 at 1:02pm:

That has never been true, unless you're being deliberately misleading.

I recall many years ago seeing advertising from developers claiming you could buy with zero deposit if you qualified for the 1st home buyers grants

You are still able to in Perth through the homebuyers group.

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Sophia

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Re: Dutton's Son Says He Cant Afford A House
Reply #62 - Apr 17^th, 2025 at 1:56pm

I wanted to further extrapolate about Gordon’s daughter, certain attributes in her attitude will help her get ahead…. One was not being frivolous with money, choosing cheaper travel methods, basically, how many of our youth get that? Being a tight-A?

How many of our youth can do that? Or want to? With all the goodies advertised for spending…
It’s a game of whether one has buyers resistance or not.
How many of that youth group have gone to Bali countless times?

Heck…. I remember back in the 70s how Aussies going to Bali was a thing.
I bought a t-shirt “I haven’t been to Bali either” Grin

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Leroy

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Re: Dutton's Son Says He Cant Afford A House
Reply #63 - Apr 17^th, 2025 at 2:00pm

Here are a couple of ways you can buy a home with no deposit.

Quote:

No savings? No Worries!

With WA Building Company, you can get into a brand-new home, even if you have $0 in savings.

Better yet, there’s no Lenders Mortgage Insurance payable, which means buying a new home with WA Building Company is even more affordable!

We’re also offering a massive $75,000 Kickstarter bonus to first home buyers. The Kickstarter is made up of a $25,000 Federal Government HomeBuilder stimulus package for new home builds, and a $20,000 State Government Building Bonus, which is on top of the $10,000 First Home Owners Grant. Additionally, we’re also giving away $20,000 worth of home upgrades.

Our award-winning home designs are available in over 60 Perth suburbs. And with house and land packages from a staggeringly low cost of $349/week, you have no reason to keep renting and every reason to start buying.

So go from renting to owning!
https://www.wabuildingcompany.com.au/zero-in-savings/

Quote:

No savings? No worries! See if you’re eligible for a No Deposit Home Loan.

We understand how hard it is to save for a deposit when life is so expensive. But that doesn’t mean you should be stuck renting and putting off your dream of buying a house. Our No Savings Home Loan could be your golden ticket to home ownership.
https://www.easystarthomes.com.au/finance-guide/no-savings-home-loans/

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ProudKangaroo

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Re: Dutton's Son Says He Cant Afford A House
Reply #64 - Apr 17^th, 2025 at 2:50pm

Leroy wrote on Apr 17^th, 2025 at 1:05pm:

ProudKangaroo wrote on Apr 17^th, 2025 at 1:02pm:

Leroy wrote on Apr 17^th, 2025 at 11:18am:

Back in the day you could buy a house with only the government first home buyers subsidy as your deposit.

That has never been true, unless you're being deliberately misleading.

There’s a sliver of truth to your claim if you're referring specifically to Queensland in 2011, where a combination of state and federal grants could amount to around $31,000.

But even then, lending criteria required a deposit of between 5% and 20% at the time, with the full 20% necessary to avoid Lenders Mortgage Insurance. On those terms, your borrowing capacity with grants alone would cap out at roughly $150,000.

The average house price in Brisbane in 2011 hovered around $450,000, so even under the most favourable conditions, access to every grant available, you still couldn’t get close to qualifying for a mortgage based on those funds alone.

Now, if you’d managed to collect the 2011 grants and then time-travelled back twenty years, you might actually stand a chance of financing a home without tipping in a cent of your own savings.

So yes, the best-case scenario for your assertion is science fiction, time-travel to 2011 to collect the maximum grants, then warp back to 1991 to buy property at early-90s prices. That's the only universe in which your claim holds water.

Ok what ever you say, when I built my first house (house and land package for $58,000) I got a $7000 first home buyers grant. That was my deposit.

You bought a $58,000 house and land in the 2001+?

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ProudKangaroo

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Re: Dutton's Son Says He Cant Afford A House
Reply #65 - Apr 17^th, 2025 at 2:52pm

John Smith wrote on Apr 17^th, 2025 at 1:43pm:

ProudKangaroo wrote on Apr 17^th, 2025 at 1:02pm:

That has never been true, unless you're being deliberately misleading.

I recall many years ago seeing advertising from developers claiming you could buy with zero deposit if you qualified for the 1st home buyers grants

"Special offers" from developers isn't available to everyone...

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ProudKangaroo Gold Member Offline The Sandstorm is coming 🎵Doo doo doo doo🎵 Posts: 19259 Mianjin (Brisbane)	Re: Dutton's Son Says He Cant Afford A House Reply #66 - Apr 17^th, 2025 at 2:59pm I guess you could have bought this gem 8 hours out from Perth... https://www.realestate.com.au/sold/property-house-wa-norseman-143727596 Good thing the Coalition aren't trying to prevent work from home because that's the only way you'd be able to survive in such a rural setting unless you grew up there.
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Leroy

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Re: Dutton's Son Says He Cant Afford A House
Reply #67 - Apr 17^th, 2025 at 5:43pm

ProudKangaroo wrote on Apr 17^th, 2025 at 2:52pm:

John Smith wrote on Apr 17^th, 2025 at 1:43pm:

ProudKangaroo wrote on Apr 17^th, 2025 at 1:02pm:

That has never been true, unless you're being deliberately misleading.

I recall many years ago seeing advertising from developers claiming you could buy with zero deposit if you qualified for the 1st home buyers grants

"Special offers" from developers isn't available to everyone...

\

Correct if you have too much money you wont qualify.

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ProudKangaroo

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Re: Dutton's Son Says He Cant Afford A House
Reply #68 - Apr 17^th, 2025 at 10:32pm

Leroy wrote on Apr 17^th, 2025 at 5:43pm:

ProudKangaroo wrote on Apr 17^th, 2025 at 2:52pm:

John Smith wrote on Apr 17^th, 2025 at 1:43pm:

ProudKangaroo wrote on Apr 17^th, 2025 at 1:02pm:

That has never been true, unless you're being deliberately misleading.

I recall many years ago seeing advertising from developers claiming you could buy with zero deposit if you qualified for the 1st home buyers grants

"Special offers" from developers isn't available to everyone...

\

Correct if you have too much money you wont qualify.

It's a sales tactic when it's developers, it's not to help the battlers etc...

They often don't means test those offers, they're offering them because they can't sell.

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Leroy

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Re: Dutton's Son Says He Cant Afford A House
Reply #69 - Apr 17^th, 2025 at 10:41pm

ProudKangaroo wrote on Apr 17^th, 2025 at 10:32pm:

Leroy wrote on Apr 17^th, 2025 at 5:43pm:

ProudKangaroo wrote on Apr 17^th, 2025 at 2:52pm:

John Smith wrote on Apr 17^th, 2025 at 1:43pm:

ProudKangaroo wrote on Apr 17^th, 2025 at 1:02pm:

That has never been true, unless you're being deliberately misleading.

I recall many years ago seeing advertising from developers claiming you could buy with zero deposit if you qualified for the 1st home buyers grants

"Special offers" from developers isn't available to everyone...

\

Correct if you have too much money you wont qualify.

It's a sales tactic when it's developers, it's not to help the battlers etc...

They often don't means test those offers, they're offering them because they can't sell.

What are you trying to say, I'm not following you here.

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thegreatdivide

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Re: Dutton's Son Says He Cant Afford A House
Reply #70 - Apr 18^th, 2025 at 3:37pm

Sophia wrote on Apr 17^th, 2025 at 1:42pm:

thegreatdivide wrote on Apr 17^th, 2025 at 10:47am:

Gordon wrote on Apr 17^th, 2025 at 10:10am:

Sophia wrote on Apr 17^th, 2025 at 9:18am:

thegreatdivide wrote on Apr 14^th, 2025 at 2:30pm:

[quote author=Gordon link=1744599208/5#5 date=1744604093][quote author=bobbythebat1 link=1744599208/3#3 date=1744602949]
It's impossible for young people to save for a house:

https://www.youtube.com/shorts/WxknUDX9Hfg

My daughter (18) has been working for about 4 years now.

It was like a financial challenge. I was always up for it.
I used to wish I could buy more nice stuff when I was younger, and would just do a lot of

I absolutely love stories like Gordon’s daughter.
It proves how possible it is to do.

Of course you do, you know nothing about the difference between macro economics - the government's responsibilty, and micro economcs - the actions of individuals within the macroeconomy.

Perhaps I’m not as well versed in academics as yourself, I do like to read what you write, but…
I happen to know about house prices, interest rates, and renters situations.
Rentals we had with young couples, after their having a baby, found they were struggling with cost of living and rent … even though rent was relatively cheaper than loan payments.
Many of these young couples went back to live with mum and dad. When 2 were working it was even keel, one stops to start a family, the main breadwinner struggles to support family.

House prices are ridiculous now.

Ah- pleased to see you acknowledge that much; many comfortable boomers (like me) or younger are seeing what their offspring are up against, in today's market.

Quote:

Interesting debate last night… any houses bought from overseas investors or whatever, will be stopped for 2 years to give our own people a chance to buy into the housing market.
If you go see a link and topic in finance forum I put up recently, about how overseas dirty money was laundered into our Aussie real estate.
There’s half the problem right there! That’s a government problem no?
Now it’s a promise made in the debate that it will be stopped for 2 years ffs!
Too little too late!

All reasonable but, re the "other half" of the problem, also a government problem:

(9 News)

Election war of words erupts over $180b tax break for investors

Dutton argued cutting negative gearing would worsen the rental market.

"I have stated very clearly, we want a sustainable housing market, which includes rental stock," the opposition leader when debate moderator David Speers asked why his party wouldn't change the capital gains tax discount or negative gearing.

"If you want to cut out negative gearing, as the Labor Party and the Greens would love to do, you will stop investment taking place for properties that are ultimately rented by young Australians."

See Dutton's self-contradiction? He wants everyone to own a house, yet is concerned to maintain "a sustainable rental stock", even though private rents are also un-affordable in today's over-priced housing market. A case of private sector free-market ideology running into reality.

Eventually government will be forced to rebuild its public housing stock, to end the housing crisis in the current unafforadable market. And both parties want house prices to keep increasing ("gently") , another contradiction, unless median wages in Oz can beat inflation...

Quote:

There is a very tough stance giving out loans even those with equity can’t get a loan through banks, unless it’s via a broker with private loans and the interest rate is higher than the banks, and a year’s interest rate payable up front.
Different stages throughout last 30 years we have seen, lived, and gone through.
We see how much tougher it is now.
And it seems only people like Gordon’s daughter can have a crack at it to succeed.
For many like that… to get ahead …. it can take 2 full time working couples, and reminds me… my hubby and I were able to save money as well as pay the cost of living back in the 70s and early 80s.
I dare say it’s hard to save anything now as cost of living exceeds ability to save.

Exactly.

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Gnads

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Re: Dutton's Son Says He Cant Afford A House
Reply #71 - Apr 18^th, 2025 at 4:20pm

Gordon wrote on Apr 14^th, 2025 at 2:14pm:

Bobby. wrote on Apr 14^th, 2025 at 1:55pm:

It's impossible for young people to save for a house:

https://www.youtube.com/shorts/WxknUDX9Hfg

My daughter (18) has been working for about 4 years now. Checkout, then when she got her surf bronze she worked as a pool lifeguard on an adult wage, $40/hr. Now in 1st year uni she's tutoring school kids, doing about 15-20 hours a week on $60/hr.

She's an absolute tight arse and will get the bus over an Uber wherever possible and keeps her personal spending to am absolute minimum.

Her share portfolio is getting close to $80k. She's saved and invested just about every cent she's earned and the cash gifts for birthdays/christmas.

That's fine whilst she's still living at home.

Does she pay any board or does she get off doing that too?

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Gnads

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Re: Dutton's Son Says He Cant Afford A House
Reply #72 - Apr 18^th, 2025 at 4:24pm

Sir lastnail wrote on Apr 15^th, 2025 at 10:47am:

Bobby. wrote on Apr 15^th, 2025 at 9:49am:

Dutton made a big mistake - he's super rich and

if he lets his own son suffer then what will he do to people he doesn't know?

It's an own goal. Roll Eyes

Typical liberal. Wouldn't give anyone including his own family the steam off his sh.t and this is the same dude that wants you to save on electricity prices by getting tax payers to fork out 600 bill for some nukes in exchange for some secret backhanders and shares from GE or Westinghouse in America. Yeh right Dutton Cheesy

LOL

How much do you think all these, so far non stop renewable projects are costing?

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Gnads

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Re: Dutton's Son Says He Cant Afford A House
Reply #73 - Apr 18^th, 2025 at 4:28pm

Leroy wrote on Apr 16^th, 2025 at 3:34pm:

John Smith wrote on Apr 16^th, 2025 at 2:47pm:

Leroy wrote on Apr 15^th, 2025 at 8:22pm:

Or they could buy a 2 bed 2 bath unit in Blacktown for $500,000

duttons kid doesn't live in blacktown ... not that it matters as you totally miss the point mr potato was trying to make with that faux par.

The issueis that young workers are unable to save up for a deposit once they pay rent and all their living expenses. Doesn't matter where they want to buy

Thats just bullshit, most young workers have or are saving for a deposit.

Dream on .. most young workers don't earn enough to feed themselves.

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Leroy

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Re: Dutton's Son Says He Cant Afford A House
Reply #74 - Apr 18^th, 2025 at 4:33pm

Gnads wrote on Apr 18^th, 2025 at 4:28pm:

Leroy wrote on Apr 16^th, 2025 at 3:34pm:

John Smith wrote on Apr 16^th, 2025 at 2:47pm:

Leroy wrote on Apr 15^th, 2025 at 8:22pm:

Or they could buy a 2 bed 2 bath unit in Blacktown for $500,000

duttons kid doesn't live in blacktown ... not that it matters as you totally miss the point mr potato was trying to make with that faux par.

The issueis that young workers are unable to save up for a deposit once they pay rent and all their living expenses. Doesn't matter where they want to buy

Thats just bullshit, most young workers have or are saving for a deposit.

Dream on .. most young workers don't earn enough to feed themselves.

Yeah right. All those young people I see every Fri and Sat night going to clubs and pubs are starving.

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