Record immigration, and now our Government drops this.

5% First home buyers guarantee, allowing Australian Citizens AND Permanent Residents to buy their First Home for only 5% deposit down, no Lenders Mortgage Insurance required as Govt. guarantees other 15%

>Scheme is open to all Citizens and Perm. Residents over 18 yo
>No place limits, unlimited eligibility
>No income caps, any income can apply
>High property price caps

Get ready for all the Indians to buy up every home.

>>513933274 (OP)
So I heard we had a problem with a massively overleveraged housing market, which has caused a debt bubble the likes of which will destroy everything when it falls apart? I know, let's make it twice as bad, solve none of the fundamentals, and blame everyone but ourselves when it falls apart.

I am ready for $3,000,000 2 bedroom units.

>>513933274 (OP)
>Get ready for all the Indians to buy up every home.
Funniest part is that sub prime loans are guaranteed by the state.
So not only will poos buy everything for money they don't have, when their investment goes tits up You will pay for it goyim.

Indians that lie about money sources they dont pay correct tax and all deserve to be deported. Also Indians are child abussers that are protected by rthe Australian Family Court.

>>513933413
We run a housing ponzi scheme and sell rocks to ChyNah. We import people every time we have a mining dip to inflate housing. The only growth industry in my suburb is yard maintenance, handyman and hospitality. That or drugs. How we’re still going is anyone’s guess.

>>513933274 (OP)
Oh yeah they’re trying to implement a tax on empty bedrooms to force homeowners to create sharehouses or force them into selling along with another tax, something about imputed rent? But yeah immigration causing a supply and demand issue isn’t being touched. They’re squeezing hard.

question
with china getting worse and worse and the us demanding aus go more hand in hand with it's anti-china blah blah blah - - how does this stack up for aus? won't an imminent war crash property?

>>513933413
Units in Sydney barely keep up with inflation, in Melbourne they've even declined. Australians think they're too good for apartments, though.

>>513933621
well i make shit for mining big dogs so you can eat

>>513933713
As it stands your only hope for social mobility is joining the military and doing SIGINT or engineering so a war economy makes sense. They’ll have corporate investors swoop in and buy up distressed assets and rent them back at twice the price. We’re fucked.

>>513933848
Thanks Fren. Hopefully the work keeps flowing.

>>513933713
>muh china
Kill yourself ZOGbot.

>>513933855
>rent them back
nobody will want to move to aus during wartime, jeets will flee @ first sign of bombs dropping
sooooo?

>>513933713
>"Hey Aussies, join the army and we'll give you uh....uh we'll give you 10% off your rent for a year!"

Chinese INVADERS would offer a better fucking deal to the populace, get fucked! Who gives a shit if they nuke us.

>>513933707
>Oh yeah they’re trying to implement a tax on empty bedrooms to force homeowners to create sharehouse
Labor isnt. But yes there was a thinktank that proposed the idea.

>>513933274 (OP)
>Get ready for all the Indians to buy up every home.
Why can't Australians buy up every home instead?

>>513933274 (OP)
No income cap is dumb but it would probably be a 350k cap anyway.
Perm residents is retarded though. 0 chance that doesnt fuck us.

But who would want to live in Australia anyway?

>>513933274 (OP)
This sounds like it wouldn't work because everyone has a 5% deposit which they can't use because there are no houses. Like, if you cause a massive increase in demand without the recurrent supply, then it will just push up prices even more while putting the collateral on the government.

What a fucking stupid idea

>>513933274 (OP)
>as Govt. guarantees other 15%
isn't something like this what caused the 2008 housing crisis

>>513934371
They rolled bad loans into CDO’s and rated them AAA fraudulently then it all crashed. So yeah there’s potential for these loans to be bad loans and packaged into investment products that fail.

>>513934249
Correct, you see the con, but the hope is normies don't. It *looks* like they're doing something so when it gets shittier they can say "oh but we tried!" meanwhile they're responsible for it.
Western nations are rapidly spiraling into dogshit these last 5 years but especially the last 2.

>>513934061
I wonder who funded a think tank that proposed increased taxes rather than decreased immigration. Supply and demand and all that jazz…

>>513933621
>How we’re still going is anyone’s guess.

By being a liveable White country.
That's all we have left to sell, and obviously, the more of it we sell, the faster it disappears.

The USA and its chronies have had this thing going on for the last 80 years where it's basically
>Because we're White/Jewish and we say so
Which has allowed us to live on unlimited debt.

Now, the world is pulling our card, and it won't last much longer.

>>513934228
from the looks of my local street your entire country moved in

>>513934925
But why?
Australia is a criminal laden shithole

>>513934961
Because india is a shithole

>>513935637
Explain to me the strategic decision making process
Of moving from one shithole to another shithole

>>513935720
India has firecrackers and kino train adventures you should stay there.

>>513934061
>Labor isn't
In the same week there were "thinktanks" proposing tax on empty rooms, inheritance taxes, and taxes on unrealised capital gains.
It's absolutely those thieving cunts seeing what they can get away with

>>513935879
>implement policy causing outrageous housing boom
>start dreaming up increasingly bizarre taxes to profit from this
>force homeowners to sell to developers, who are chummy with politicians.

Yeah, it looks like we’ve become the corrupt shithole.

Remember the shared equity scheme? The one they closed and are now making vastly harder for those who used it to keep their houses

>>513933274 (OP)
>Australia is finished
This isn't the end (but it could be the beginning of the end).

>>513933739
I'm not paying half a million dollars for a one bedroom flat.

>>513933274 (OP)
Look at the people behind this scheme, do they look in any way untrustworthy to you?

>>513933274 (OP)
boys, put your money in literally anything except the ASX or your savings account. im spread across crypto and the SMP500 the idea of holding anything except an emergency fund in AUD is just asking to get rekt when this bubble pops.

>>513936264
Oh yeah they totally look like they have the country’s interests at heart and not their developer corporate buddies interests. Definitely.

>>513936340
just 2 more weeks until the bubble pops, I'll try not to be too jealous when you snatch up a house in Balmain with a view of the bridge for cash

>>513933274 (OP)
AU$44 for a pack of Marlboro Reds so we can see how your government sacks the poor and downtrodden to fight against the only known cure for nano lipid particles.
https://www.youtube.com/watch?v=Z1t7IT4Vmk4

>>513936264
What really pisses me off is that whenever there is some dude who goes out and does the pew pew, it’s always directed towards some lowly shitskin that can be replaced with millions more. Why the fuck can’t they rub to 2 neurons in that mush pit, and go “oooh it’s this elitist dude up here who is causing my life to be shit”

>>513933274 (OP)
Scheme is terrible in practice. First people will buy houses with money they don't have. They will lose money to the banks when they can't pay them back, then they will resell those government made houses back to the property market.

Loans over 100k need to be banned to lower housing prices.

>>513936811
Almost correct. The houses will become central bank property, to be resoled to people who can't fully pay but will pay some of the mortgage (pure profit) just to fail the full mortgage which returns the property to the central bank to do it again to someone ells. Also. The outpost of the central bank in Australia is the de facto provincial government of Australia and resides above the moppet show they present to you as politics.

>>513936841
The central bank must be banned to do achieve that. Most of what you pay for anything translates into taxes to repay the national debt driving the prices higher with the interest gate to eventually own all the property and the lands.

>>513936841
people who couldn't afford a house before still wouldn't be able to afford to a house

>>513937038
No, they will be because there will be a housing crash directly afterwards and everybody who has a loan on a house will lose everything.

That won't be a problem though because there would be so many of them that the banks would be forced to foreclose instead.

>>513933739
chinese detected
>>513933848
good work keeping everything the same, i hope the industry crashes hard

is australia valuable for china to turn it into an unsinkable jet carrier? just let china build a base on that vast amount of land you guys dont use.

>>513935720
your people are contaminating the entire planet, either you have half a brain cell or they have decided india is too shit covered when compared with everywhere else

>>513937320
KAERE. got that?

>>513936785
the answer is because both groups deserve it

>>513937171
You would crash the market but all the discount property would be scooped up by rich people. You are actually making young people LESS competitive against old rich people in the market with this retarded idea. You somehow managed to invent a price control method even more retarded and unfair than literal price control. You are dumber than a 15 year old communist.

What’s the point in lowering the deposit? You still have to make the repayments. Lower deposit means your repayments will be even more than if you got a smaller loan. I already have enough cash for a deposit but earning 100k/y isn’t enough to afford repayments.

>>513936596
>be millionare
>still have to live with poos and lebs in sydney
there is no escape anon

>>513933274 (OP)
Albanese is what you should call immigrants

>>513937642
“Oh my gawd youleh!”

>>513933274 (OP)
why did you dumb cunts vote for albo again?

Just ban foreigners, boomers and anyone with a property already from buying one

So wtf are we gonna do if there's a genuine global economic downturn, like there always is? We got by last GFC because of China and our ore
What the fuck do we have now? Expensive houses?

>>513939684
Hate to say it but the OP of this disparagement thread is almost certainly a Chinese Wumao foreign interference troll.

Don't give them oxygen by replying.

五毛滚开

>>513933274 (OP)
and people will blame labor and vote liberal, then vice-versa. boomers flooding into election booths while doing their grey nomad shit swinging every seat towards the major parties

>>513939684
This government has no idea what it wants. It's wants a million and half jeets to move into the Campbeltown corridor in the next 14 years, on-top of the other million jeets within existing Sydney. They really don't see this a giant problem.