Labor accused of fuelling a 'whole new housing crisis'

Albanese Government is worst ever in power.
First homebuyers are at risk with negative equity to potentially with Albanese loose their asset.
Disgusting for those who are in already economic stress.

The council rates are supposed to be the costs of providing services. Therefore they should not be based on the property value - that is just embezzlement for the government. Cost of providing services for 10k residents in Brighton is no different to providing services for 10k residents in Dandenong. Same number of employees, IT, etc.

No one is accusing them, it’s what they did. It’s an observational fact that the Albo government is systematically working to destroy this country from the inside out. This is why politicians and their policies should be subject to criminal proceedings and ‘change of position’ should be assessed and approved by independent bodies, including oversight by other elected parties as to whether they are valid or election fraud, which is what most ‘change of positions’ are. There also needs to be criminal proceedings for gross misappropriation of public funds. It’s truly disgusting.

They knew exactly what they were doing..

only by sly views no doubt

How many times have we heard about quick approvals and cutting red tape?

Labor is just incapable.

Alexander tell the people, they know exactly what there doing.

Will our rates fall ? That would be great 2k a year in council rates for a property worth under 800k

LIEbor has made us WEAK, WOKE and BROKE.
They are a JOKE

Labor looneys.

Young families vs "investors"

I’m struggling to understand the inconsistency in the arguments here.

For years, property investors argued that removing tax concessions wouldn’t affect housing affordability because they supposedly had little impact on prices. Now that changes have been made, we’re suddenly told it’s the end of the housing market. Which is it?

I also agree that immigration should be reduced, but basic economics suggests that lower population growth would also reduce demand for housing and put downward pressure on prices. That’s exactly the outcome many of the same commentators on Sky News claim to oppose.

The positions seem contradictory. You can’t argue that tax changes won’t affect prices, while also claiming those same changes will devastate the market, and then support policies that would also reduce housing demand. The logic just doesn’t add up.

I’m struggling to understand the inconsistency in the arguments here.

For years, property investors argued that removing tax concessions wouldn’t affect housing affordability because they supposedly had little impact on prices. Now that changes have been made, we’re suddenly told it’s the end of the housing market. Which is it?

I also agree that immigration should be reduced, but basic economics suggests that lower population growth would also reduce demand for housing and put downward pressure on prices. That’s exactly the outcome many of the same commentators on Sky News claim to oppose.

The positions seem contradictory. You can’t argue that tax changes won’t affect prices, while also claiming those same changes will devastate the market, and then support policies that would also reduce housing demand. The logic just doesn’t add up.

Chris, you got no idea what you're talking about, house is for shelter, not to make hundreds of thousands of dollars on, you guys sicken me how you carry on. Pay for your own investment properties, not the taxpayers, start paying tax, like the rest of us, so SUCK IT UP, and get over it. Labour did the right thing.

Anything Labor touches turns to sh!t.

It's sad that the economy growth around housing. Should be in wealth creation. All property does is shuffle money around

We the big and biggest voter group will continue to support Labor. Labor will soon allow us to access our Super to buy a f roof over our head and cap ur m f greedy rent bastards. F retards unfair policies to use our money as a hedge for your own personal gain and make us work and rent forever. F off. We the youths won’t vote for any party at all who favor these unfair policies. Why the f do we need to pay more taxes without getting any benefits vs ones that r cashed up. wtf is this??? U can’t win because we will have an edge over any parties simply we make up the biggest voting group. Period.

It will also force rents to increase as there will be fewer homes available, plus the increase costs now of owning an investment property.

A former front bench cabinet member in John Howard's LNP led govt before retiring to land the cushiest diplomatic post in the foreign affairs dept being the Australian Ambassador in London. As Australia's longest continuously serving Foreign Affairs Minister, Alexander (the colonial c#cksucker) Downer authorised the first of many not insignificant federal govt donations to the infamous quid pro quo extortion racket known as the Clinton (cash 4 political influence) Charity Fund which was later revealed in a US senate investigation hearing as a legally non compliant sham not for profit "Charity" front for laundering the millions of donations granted by sovereign foreign govt (such as those multiple "donations" made by the Australian federal parliament courtesy of Alexander Downer, then significantly escalated by the Rudd/Gillard Labor govt and continued furthermore by Julie Bishop, the FA Minister under the Abbott/Turnbull NLP govt era specifically for example, but back to Alexander Downer's dubious exploits whilst serving as the Australian ambassador in London, it was unveiled how he later crossed over to the dark side (informally acting as a spook for MI6 & informant for the corrupt Obama administration's justice department brazen/illegal attempt to spy on & smear Trump's 2016 election campaign with the dubious collaboration of various allied national intelligence departments of the "5 Eye" countries specifically, & Ambassador Alexander somehow got front & centre in this whole grubby scandal by meddling with nefarious intent in London by getting way out of his league & potentially undermining US - Australia diplomatic relations (especially fraught with political risk if DJTrump was to ultimately defeat Hillary Clinton in the 2016 US presidential race) for the worse if his bad faith meddling & needless interferring in his diplomatic dealings with Trump campaign assistant, George Pappadopoulos. The "colonial c#cksucker" in this instance highlighted how Donald Horne's main premise of his critical/derisory historical commentary in his sarcastically titled book called "The Lucky Country" was lamentably spot on, that making the assertion that the Australian colonial experience from 1788 to later nationhood during the late 1800 & 1901 Federation of states & territories that would subsequently serve as a unified force for the British Empire in various global theatres of war followed with the post WW2 period to the present time being notably a prosperous consolidation of the nations abundant mining & agricultural resources enjoying decades of boomtime but notwithstanding this "luck", Horne contended persuasively that Australia has essentially been a remote colonial backwash of the British Empire and has consequently been lumbered with a nepotistic executive ruling class that has f
rendered it vulnerably fraught to the perils of bad moments in history which thankfully have been few in terms of good fortune & providence that abundantly flows but the born to rule son of a South Australian conservative politician who attended exclusive English boarding school in preparation for his birthright in the national Liberal Party machine to later briefly lead same before exiting to become Australia's longest serving Foreign Affairs federal minister then a role no less prestigious as Australia's Ambassador to the British Empire based in London but notwithstanding all this apparent grooming & actual hands on "diplomatic" experience at the highest level quite evidently amounted to naught for Alexander Downer's capacity for monumental incompetence & as Horne emphasises, Australia has by and large been administered by an incompetent crew of knuckleheads that far from being stocked with meritoriously appointments of the best & brightest within the British Empire, good fortune has consistently saved Australia's bacon well beyond anything that resembles a fair return for sake of good management!!

Downer was/is a flog!

THEY KNEW
EXACTLY WHAT
WOULD HAPPEN
&
WHAT THE
B U D G E T
WOULD
D O.
.
THATS WHY
MANY LIEBOR
MINISTERS SOLD
LAST YEAR &
BEFORE.
INCLUDING THE
PRIME
MINISTER.
THIS BUDGET HAS
BEEN PLANNED
FOR MANY YEARS.
.
I N S I D E R
T R A D I N G
IS A
C R I M I N A L
O F F E N C E.
.
PUNISHABLE
WITH A
PRISON
SENTENCE.
.
GOVERNMENT
OFFICIALS
ARE NOT
ABOVE
THE
L A W.
.
YOU HAVE BEEN
S W I N D L E D.
.
WITH
L I E S.

This is intentional. the government will then have the excuse that the only option is to have foreign investors & Superannuation giants to build housing.
Like the UK did.
This is negligence, its deceitful campaign, that will financially benefit Labor’s benefactors.

Labor know exactly what they are doing. Burning the country to the ground or driving it into a ditch at warp speed. Immigration is important when 90% migrants vote labor.

What a crock of shit. Houses are too expensive - Govt has caused a housing crisis. House prices are falling -- Govt is causing another crisis.

We need to replace CGT and stamp duty with an annual land value tax. This would make it easier to transact houses and encourages people to make productive use of the land they own.

Reduced confidence centred around housing is likely to flow through to the economy more broadly..... hold on tight, it may get messy.

Exactly, Jim Chalmers has not studied any Economics with his budget, he has no understanding that when Demand vs Supply equals to housing crisis, equals more homelessness when rents skyrocketed, equals to social unrest when supply is not meeting with demand. What this treasurer did is the most obvious bringing Australia to negative GDP, higher interest rates, higher inflation, investors invest abroad and not Australia, housing crisis continues with more migrants and low supply plus no investors, first home borrowers goes into default on loans with higher and higher interest rates.. Jim Chalmers is a wealth destroyer and poverty maker of all Australians.

House prices maybe , but rents will sky rockets and lower prices won't help if the banks won't lend... Idiots

Only having tax deduction on new property sounds clever if you don't understand how a market works.

The Ponzi housing market has to drop between 30-50% to get back to historical price to income ratios.

Boomers and property investor slugs wanting us to feel sorry for them😂

The Cambra clowns show continues

Albaneshheee and co just changing their posish'nshh 😂😂

Unions LABOUR PARTY RUNNING THE SHOW.

The Chinese will buy them up.

their idiots period

We WANT house prices to fall. Typical Sky News haven't a clue

Maybe they shouldn't have pushed the prices so high. It's already a huge social problem. Shit needs to fall 50%.

Bring on rent increases ! 😂

The scam has ended
No more government handouts to greedy investors

Property is payd down on time not wages. Wages will keep you poor if you operate that way

Water and council rates also increasing. ( also under Labor!) rent increasing by $1200. a year.

What do you mean accused ?

This is the recession we had to have especially after there bond management system to the near no jail time for causing it...

Garbage. Just the rich whining and you backing them. All investable assets rise and fall.
Quote the experts not yourselves and failed opposition leaders.

It’s been a runaway freight train for the last couple of decades but admittedly throwing bricks under the wheels is a sht idea but what can you expect from the quality of intellect running the government.. and the crazy thing is that it’s so simple to fix it but when you are working so hard your make it harder for yourself well you are going to end up with a total mess that someone with actual real intelligence and integrity is going to have to clean up. That day can’t come soon enough.

Good ridens to the elite property investors. Have it too good since the 1990's. Why should they keep their privileges and renters out of the market 😮