ABC news reports; "Home prices reach record highs as rate cuts expected to fuel growth"
What is the government's plan for affordable homes? because our wages are not keeping up with home prices, which to me feels like the worst kind of inflation, the really expensive kind! Making it easier to get a massive loan is not an affordable house, it's a huge debt and possibly the catalyst for a very stressful situation if things go belly up.
When News Corp have control of most of the media in Australia and are also the majority share holder of the REA Group (realestate.com.au), this rings alarm bells for me.
There's pressure on the RBA to cut rates, it's in all the media, which will only fuel house prices as it did prior in 2022-23.
I'd like to ask our PM, what's the plan for future Australians? are they not as entitled as their predecessors? Will this Labor government continue to prop up the investment property market, should they legally be allowed to?
ref: https://www.abc.net.au/news/2025-07-01/home-values-hit-record-highs-june-property-prices/105477426
Where were the Greens when we really needed them, is there a politician in this country with a backbone?
Or are they all just diplomatic sycophantic career politicians.
The following video/text is from Facebook The Greens.
"The rental crisis is cooked.
A recent study by ACOSS showed that a whopping 68% of renters fear lodging maintenance or repair requests for fear of being lumped with a rent increase. It’s no wonder people are worried about their rent going up — it’s now close to impossible to find an affordable rental property in this country.
Yet while everyday people suffer, Labor and the LNP stand to give $180 billion in tax handouts to property investors over the next decade, adding fuel to the fire and making this desperate situation even worse.
The Greens will always fight for renters. We know real action means capping rent increases, phasing out negative gearing and scrapping the capital gains tax discount.
We need real, meaningful action, not more of the same"
video can be viewed on the link below (copy and paste)
ref: https://www.facebook.com/share/v/1AVh647dDK/
Mr Albanese, what are you doing? The median house price in Sydney is forecast to jump by another 7 per cent in 2025
"House prices to rise in 2025: Fitch
After contracting in the last quarter of 2024 and then growing in the first quarter of 2025, Fitch Ratings predicted home prices to continue rising in 2025 thanks to limited housing supply, falling interest rates, and high net migration in the previous two years.
The median house price in Sydney is forecast to jump by another 7 per cent in 2025-26, to $1.83 million by June 2026, according to Domain's latest Price Forecast Report.
It means the typical house price in Sydney will rise by $112,000, which is more than the average full-time worker earns before tax ($103,000).
The next decision on interest rates will be made by the Reserve Bank's monetary policy board on July 8."
ref: https://www.abc.net.au/news/2025-06-25/mortgage-arrears-rise-from-record-low-but-experts-arent-worried/105453714
Anthony Albanese's housing affordability scheme is obviously not making a home affordable!
There is only one fix for the housing situation Australia has, and that's to reform investment property taxes, such as CGT and negative gearing.
Doing this will deflate property prices and allow young families to afford a home. It will also provide much need tax for government to fix public infrastructure, public hospitals, roads, etc.
Due to stupid governing in Australia, our standards are degrading, it's a sad and stupid state of affairs.
Homes For All Petiton
To: Australian Federal Government
I was just sent this petition to sign, which is gaining a lot more signatures than my pitiful attempt at social networking.
Right now if you’re on a minimum wage, you can’t afford to rent 99.3% of rental properties. 0% are affordable for someone on JobSeeker or Youth Allowance – and only 0.3% are affordable to a person on the Age Pension.
An essential worker – someone working in health, education, construction or emergency services – can afford to rent only 3% of rental listings.
That is clearly, clearly wrong.
We need the Government to get serious on housing.
Why is this important?
All the evidence from experts is clear. We need to:
Massively increase the supply of housing;
Boost social housing;
Scale back negative gearing and reassess tax breaks for wealthy landlords;
Develop nationally consistent rental laws that set consistent standards and protect renters' rights; and
Allocate housing for key workers.
Home ownership is currently out of reach for most Australians – but that doesn’t need to be the case.
The petion is on the link below, I've left it long so you can see it's origins.
https://www.megaphone.org.au/petitions/homesforall?link_id=1&can_id=64ec9db78727a29321fcec2cdafe31f1&source=email-firstname-default-friend-we-are-in-a-housing-crisis&email_referrer=email_2770810&email_subject=firstname-default-friend-we-are-in-a-housing-crisis&&
Forced Into Debt and Negative Gearing: How Did We Get Here? It's Sabotage
What real options do everyday Australians have?
You work hard, earn a wage, but then what? Saving feels pointless when bank interest rates are next to nothing. Around the COVID period, savings accounts were earning as little as 0.01% interest. Compare that to the late 1970s and 1980s, when savers were rewarded with 10% to 18%. It’s no wonder people are forced to turn to property, not because they want to speculate, but because there’s no better alternative.
But make no mistake: this path was engineered.
The government, alongside banks, encouraged Australians to borrow, luring first-home buyers in with historically low interest rates. Then came the next step: leverage your home to buy another property. Welcome to the world of investment properties and negative gearing, a system that rewards debt and reduces your taxable income.
Read more: Can't stand it, I know you planned it, It's Sabotage.
Massive ruling triggers global backlash as housing crisis deepens
In a landmark legal decision that is already sending shockwaves through the global housing market, a staggering 65,000 short-term rental properties—mostly listed on Airbnb, have been banned following a court ruling that found the platform in violation of regional housing laws. The case, which unfolded in a major European jurisdiction, has ignited fresh debates worldwide about the impact of short-term rentals on already strained housing supplies.
A Global Reckoning for Airbnb?The ruling marks one of the largest crackdowns on Airbnb in the company’s history. It comes amid intensifying criticism that platforms like Airbnb are exacerbating housing shortages by removing properties from the long-term rental and ownership markets in favor of lucrative tourism rentals.
Australian housing is rigged!
Canada, the UK, and Australia are collapsing in the exact same way—and it’s no coincidence. From unaffordable housing and vanishing middle classes to rising foreign ownership and digital control systems, the decline is being carefully managed. In this video, we reveal the blueprint behind this orchestrated fall and how it mirrors the downfall of empires past. Watch now before the truth disappears—because this isn’t just failure. It’s a plan. And you’re living in it.
references: Fall of Nations/Youtube
This youtube video is so well done, so comprehensive, that it deserves debate, actual debate, not condemnation.
Click the read more link below to watch the youtube video.
Why a Rental Property Will Never Truly Be a Home
In today’s volatile housing market, the reality for many Australians is that renting is the only feasible option. Yet, despite the illusion of comfort and stability that some rentals may offer, the truth remains: a rental property will never truly be a home.
This wasn’t always the case. In the 1970s, 80s, and even into the 90s, renting in Australia offered a level of security that’s now all but vanished. Long-term leases were more common, rents were relatively affordable, and it wasn’t unusual for families to stay in the same rental property for years, sometimes decades. Landlords were often individuals or families themselves, not corporate investors looking to squeeze every last dollar out of the market.
Prior to 2021, my wife and I had rented in Manly, NSW for 20 years from the same landlord, unaware of what was to come.