Why Living In Australia Is Impossible
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Tell us why YOU think Australia is facing a cost of living crisis.
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One reason the cost of living is so high is Australia is an island .... AND most of the country is basically unliveable.
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One thing to add here is also the real estate brokers who handle rental property. My mum bought a rental property to support her retirement and the real estate company (Ray White) who manages the property keeps forcing her to up the rent by $20-30 every couple of months. She always declines but they never stop pestering you.
Australia has the 13th largest economy in the world, wonderful beaches, access to world class education, universal healthcare and much more. At the same time, Australian housing prices and rental rates have reached record highs, ranking Australia as one of the most unaffordable places in the world.
In this documentary, we explore the key causes of Australia’s affordability crisis. We discuss immigration, bureaucratic red tape, tax incentives, declining investment and more. At the end of it we uncover the real reason why Australia’s housing market is out of control and suggest ideas to fix it.
This trend is worldwide, not just Australia. I could do the same video about Czech Republic (central Europe) and it would differ only by details. I fear that this is just one of indicators of overall global economical and social decline.
00:00 - Intro
00:49 - Chapter 1: Housing and Rental Crisis
If u don't know how to deal with ur own money, yes.
03:30 - Chapter 2: Immigration
05:00 - Chapter 3: Not Building Enough Homes
Aussie is a great country to live in. The housing problem is no different to any other country in the world today.
Because more people work from home there has been a push for government discussions to convert empty office blocks in to residential units.
In my regional town alone there has been government funded construction of homes and single dwelling unit blocks to accommodate low-income citizens.
The growing trend of singles, couples and small families has made smaller dwellings as a more functional alternative to a house and also the burden of the maintenance involved in owning a house.
Construction of duplexes, and units buildings has been growing quickly.
The rental market tax concessions is also being looked at in regards to ending the Capilistic Gains tax concession and restricting Negative Gearing tax offset available to only one rental.
Housing prices are ridiculous but not new when you look back.
08:07 - Chapter 4: Tax Incentives (negative gearing, supers, and capital gains)
10:52 - Chapter 5: Declining Productivity and Investment
The housing crisis is this because there’s to many people having kids that the population has grown to fast for the build of new housing to catch up?
I’m trying to understand why?
13:02 - Chapter 6: The Solution and Conclusion
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Following the UK
More User Perspectives
saving capitalism from the capitalists
@sirwannaflyStay away from Sydney
@Amy-n6y6zIt was my dream to visit this country but i think i gotta reconsider it.
@squirkkTime for a communist Revolution
@SatchelChannelHonestly this is almost the same in the whole developed countries.
I can understand that there are limitations to house supply in some cities in Europe.
But in a country the size of europe and less than half the population of Italy or France…
The problem is not inmigration, its taxes, misalignment in incentives and burocracy.
Labour governments always rinse the work in class people, the sooner you wake up to that a vote the left out you might start winning the game
@RoseBud-q8tAustralia is a country who is surviving on foreign workers ni-vans solomon islands Philippines papua new Guinea france, nearly 75percent of these peoples worked on farms and hardworking industries in the country.
@BenjaminKalmetHow the hell is that a huge spike?
If 2021 was 400k immigrants less and 2022 was 300k less.
That’s 700k less people.
Offset by 200k more people than usual in 2023.
-700k + 200k is still -500k less people than normal.
Even if you say 2022 +200k and 2023 +200k more than usual, it’s still -700k and + 400k = - 300k
Claiming immigration has little to do with the cost of housing is completely false. You said yourself that immigration HAS caused a boom in rent prices. Now what does an ever more lucrative rental economy cause? Move investment. More realestate investment, companies and individuals taking out loans against their existing properties to outbid families and citizens wanting a house. Why? So they can rent the house out for a profit. Immigration is 100% partially responsible for the housing prices claiming they’re not is delusional.
@thomasfoster7641Politicians are never going to do anything except if they feel they are going to be replaced 😂
@ErizMorenoAustralia is still affordable if you try hard. In Vietnam, house price needs ~25 years income for most of people to buy.
@Samurai999-m5nRussian here. Same problems are here. Huge territories but only a few affordable places to live in. Such a sad joke of life.
@mikhails3042Impossible???😮
Bull sh!t!!!
World-class beaches filled with Great white sharks and the highesr fatalities in the world. Besides a small sliver in Queensland, entire country is a desert with not even half-enough water to take care of populations' water and farming needs. Certfiably a total police-state with non-stop enforcement from birth to death with cctv cameras on literally every street corner. Treatment of the indigenous population that makes America look like angels.
Not a nice country. An absolute shithole that should cease to exist
Same in Ireland
@RA-ij5tdWe are not surrounded by oceans.
We are GIRT by sea.
I wanted to live in Australia fora long time but seeing this makes me want to and also not want to because I fear that housing prices will get even worse over the years
@nicholasbrowne9344It’s really bad if you live on a disability pension. There’s no affordable rentals and the public housing waitlist is years long. It’s even worse if you have mobility issues and need accessible housing. There’s so many disabled homeless people because of that. It’s really sad
@chattychatotchannelIf you're an educated Australian it is IMPOSSIBLE to spend all your time trying to keep politicians honest. If you're educated and competent it's time to leave the country. Speaking from someone with a PhD in Engineering. Thank you.
@anurajendran3732Awhhhh yall took the land now yall struggling serves u right!
@millz419Same problem across all of commonwealth - NZ, Aus, Canada and UK. And all our politicians use the same script. N
@7Seven2SixIt’s unfortunate to hear all this as an Irishman whose relatives moved to Australia for opportunities in the 80s. Now both countries have a cost of living crisis and a sky-high property prices.
Although I can’t help but notice that the housing problem isn’t confined to us at this point. The global supply of housing is not keeping up with demand.
In the block where I am fortunate to rent fairly reasonably there are AT LEAST 3 houses used only as "occasional second residences" by their owners.
That's three that are "off the market" because the older owners bought more than 20 years ago...
The former "Fair Go" attitude of "mateship" Australia has become "I've got mine. That's all that matters."
The taxation is just insane for workers
@Alex-e2j1lI am an indian who wants set my career in Australia as a neurologist,do you think it will be okay for me?
@Renciviyaits 1 year after this video was released and we've ran out of fuel
@don_lorrieYeah i literally have no hope of ever owning a house
@SomeStaleBreadThe problem was created by the state, thus the solution is policy (more state). It is so delusional
@yiming624Damn Australia was on my list i guess its worst than uae
@lotfiouldadda2138My parents migrated to Oz in the 70s, had me and my brother, worked hard always, never collected Centrelink, saved...never owned a credit card. Built and bought their homes in two different states & retired overseas successfully about ten years ago. Still going strong and recently visited me (and no, they can afford their OWN healthcare in their own country and not need a GO FUND me or medicare). They are glad they made their decision.
@suz459Wish to study out there
@YohanaKivuyo-g1zSo basically the same issues as Canada. When I was a child (I was born 1996) Australia and Canada were portrayed as the ultimate model countries, but it seems that they are not doing that well anymore.
@leonidas759Too much immigration
@michael2014The concept of suburbia is why housing market is hell in the west. In developing countries, cities keep growing
@rayversenI'm a Brazillian, i hate Brazil, i want to get out, but... I see in YouTube that Australia and Canada are no good, US is too restrictive now, Europe too, What the hell am i gonna do?
@giliardlopes2280I hate it when rich countries blame migrants for their politicians’ failure. Migrants do the jobs australians don’t want to do. They pick fruits, care for the elderly, work long hours in hospitals, restaurants, daycares. They truly do the toughest work there is. However, don’t bring in more people if you can’t even house your own. People need to blame the ones that are actually responsible for making short-term choices that benefit them in the moment monetarily.
@iskra16291Stop having kids Muslim propaganda have so much kids to take over
@EathanNegashI love Australia but😞😞
@TFP_The_Formula_PerspectivesShouldn't the graph at 3:44 account for the spike in demand for immigration in 2023 also by acknowledging the delayed demand due to the COVID years 2021-2022?
@carmenthong222My grandparents bought a brand new three-bedroom house, eight miles west of downtown Sydney in 1953 for $8,000. ( 4,000 Australian pounds in those days )
@lagunabbe7725