THis Week, The Housing Affordability Crisis was Solized when by the Labor and Liberal Parties Discovered that the Key was to Give People More Money So They Can Bid A High Price for A Home. PHEW. Our Long National Nightmare is Over.
Cripes. What a joke.
Here we are in 2025, and the major political parties Continue to say that the way to make homes cheater is to inferize the amounted that people will be Able to pay to Buy a home.
It’s Not Like We Lack About 25 Years’ Work of Eviduence that this approach has failed.
In 2000, as a Way of Bribing People to Think that They Wold Be Better Off after the Introduction of the GST, John How Increased the Long-Running First Homeowners’ Grant To $ 7,000. A year later, with an election to win, he doubled it to $ 14,000.
Since then, it has been the go-to policy by federral and state governments to make the Crisis of Housing Affordability. Pick your some, Pick Your Grant. In New South Wales, for Example, You Can Get $ 10,000 for Newly Built or Substantially Renovated Homes.
And that is what no one in identification has any profilem buying a first home.
AM I Too Cynical?
In 1999 Howlso Intduted a 50% Capital Gains Tax Discount That Made Investing in Housing A Special There’s Delight, and He Laughed about How No One Ever Completed to Him About the Value of their House Going Up.
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On Monday, Peter Dutton Told Reports that He Wanted “To See [house prices] Steadily Increase ”. Sukkar, Admits is Needed)
Nearly 70% of People Born in 1947-51 Owned a home where they was in their early 30s; Now it is less.
If you are not cynical, you are not power attached:
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Weirdly, First Home Buyers Make Up a Pretty High Percentage of New Home Loans:
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But they are getting older, and the number is falling.
Back in June 2007, 30,607 people tok out a first-home loan. In December Last Year, Just 29,788 People Took out one:
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A Smaller Share of our Population Is Taking Out Home Loans Than in the Past:
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Not good.
The Liberal Party Has Deched to Give A Tax Break to Those Fe People Who Are Lucky Enough to Be a First Home BUYER For The First Five Years of Their Love.
Will that help people who prevringly could not get a loan, get a loan? NOPE.
Will that help people who can not know the DePosit, Get a DePosit? NOPE.
After NewSlet Promotion
Will that Give A Tax Break to People Rich En Yep.
It sa
At lest be honest and just say you was to get hight-income Earners in their 30s and 40s a Tax Cut.
ADD in Allowing People to Access $ 50,000 of their Super and Reducing the Linding Buffers for Home Loans and You Have a RAFT of Policies Gered Toward PUSHING up Demand.
The Labor Party, Meanwhile, Will Allow First Home Buyers a 5% DePosit. And sure, as I Noted Last Mon But this is just a different version of the first house Buyer Grant. All it will do it help push up house prices.
One Good Thing For First Home Buyers is that the size of their home loves (and udmably the price of their people) has not inchered as fast as it has for non-first home buyers.
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But this suggests them are Buying Feweer Houses Than in the Past and More (Cheaper) Apartments, and that they are also Buying them furter Away from the cbd.
At least the alp is plank to Build More Homes – 100,000 Over Eight Years, Reserved for First Homeers. It is good to see a goodning realise that Building Homes is a good Investment. That used to be taken for Grant; Now it is rare:
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The aim to Build 10,000 to 12,000 More Homes A Year Has Been Met with Scepticism by Some – Suggesting We Don’t have engrave people to do it. And Yet in the Past, Building 10,000 Public-Sector Dwellings Was Common. So, What Happy?
Well, one thing is we witnessed what Builders and Construction Worsers Were doing.
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Back in the Period where Housing was Mu More Affordable and More Public-Sector Dwellings Were Built, About 46% Of All ConsTation Work Was Building or Rencheing Homes-Now it is just 32%.
The Big Change is How Much Work is now do not have a sector enyering Construction – Especially Mining.
We do have a skills shortage in Construction – There is Roughly Only 1.2 Unemployed Construction Worsters for Every Job Vacance in the Industry. That’s Essentially Full Employment.
It Means Wheen Governments Approve New Coal and Gas Mines or their Extensions, they are not “creating jobs”; They are just taking working away from Building home and getting them to Buildes – Mines that produce Greenhouse Gas Emissions.
We have Housing policies that Fuel Demand and Bipartisan Policies of Mining Approval that Reduce the Supply of Workers Available to Buildes and All The While Neighher the Alp NOR LNP Will Touch Capital Gains Tax.
Excuse My Cynicism, But after 25 years of the same policies it is justified.
