Sophia wrote on May 25^th, 2026 at 10:53pm:


My take on all of this is that Roger Cook and WA Labor are a bunch of dickheads who don't care about housing affordability or rents as long as the money keeps rolling in for their government and the real estate industry.

If people are living on the streets and in cars, etc. they couldn't care less.

At the moment they're probably (privately) in full blown panic mode about the public housing waiting list which is increasing at an alarming rate because people (especially older people and pensioners, etc.) can't afford private rents anymore. And they've been selling off public housing for years like most or all States have been doing and now that bad decision is coming back to bite them in the @ss.

Mind you, I'm pretty sure they're "thinking" if they ignore the problem for long enough it will go away or a lot of the oldies and others on the waiting list will just crawl away and die somewhere.

It's a perfect example of the sort of arrogance and indifference that comes from having a government with no effective opposition.

If any sort of rental property standards or rent controls are brought in nationwide I can guarantee WA will be the last State to get them and the current WA government will 'fight to the last breath' to prevent it from happening.

And, for a so called Labor government that is disgraceful.

Sophia wrote on May 25^th, 2026 at 11:03pm:



Sellers are too greedy - the Ponzi scheme is running dry.

https://www.news.com.au/finance/real-estate/buying/increasingly-urgent-housing-r...


Increasingly urgent’: Housing race now on as vendors rush to sell amid market decline.

The number of homes listed for sale is soaring as Aussies race to do one thing before it’s too late.

May 26, 2026


The number of homes listed for sale is soaring across Australia, putting downward pressure on prices as vendors rush to sell before the market declines further.

In the four weeks ending May 3, new listings were up 22.4 per cent compared with last year, and 4.7 per cent compared with the 5-year average, according to figures from Cotality.

“In terms of listing numbers coming into the market, they are picking up,” the data firm’s head of research, Tim Lawless, told news.com.au.

“So it does look like vendors are becoming more motivated, possibly ahead of selling conditions deteriorating down the track, or housing markets becoming softer as the year progresses.”


As a general rule, housing stock is inversely correlated with prices — the more stock for sale, the lower the price.

Mr Lawless said Sydney’s flow of listings exceeded the average by 12 per cent, and Melbourne’s by 4.5 per cent; and these were the two cities showing negative growth in prices.

“It’s really clear that stock levels are on an upswing here — not really because vendors are just dumping stock on the market, it’s more a case of buyer demand has slowed,” the analyst said.

“And we’re seeing this gradual accumulation of stock in the market simply because the rate of sales has slowed down.”


Analysts from investment bank Morgan Stanley have predicted that

a move they described as “one of the largest price corrections over the past 40 years”.

No surprise here.

https://x.com/purplepingers/status/2059235757403861177

Quote:


Yeah, I'm sure he's right about that.

A few replies are in the attached image.

And the fact the current investors already have it grandfathered for CGT to remain as same.

It must be the negative geared properties doing the panic selling.