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The Danger Of Land Ownership

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In: economics, featured, Government, history, latest post, media, politics, power

Land property has become majorly expensive in Australia. The housing shortage crisis has impacted upon prices and land values across the board. Until very recently, property investment in Australia was a rolled gold investment and this has contributed to the sustained growth in prices over many years. The great Australian dream has been narrated around owning your own home and for many this has seemed unaffordable on the basis of the high prices for land and housing. Alan Kohler has shown us that home ownership now demands up to x13 years of average annual incomes in places like Sydney. The danger of land ownership is not only economic, however.Continue Reading

Albo The Zombie Neoliberal PM

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In: democracy, economics, featured, Government, latest post, politics, power

Anthony Albanese and his Labor government have not addressed the housing crisis. Too afraid to offend anyone; they are hoping to shift the neoliberal economic levers to relieve the situation. Hoping to increase housing stock and have supply reduce the high price of demand. This is not working, however, as there are too many roadblocks in the way in Australia. Not enough tradies to build the needed homes and recalcitrant councils holding up planning and building approvals are just some of the intransigent problems. How many years are poor renters going to have to suffer exorbitant rents on homes? Meanwhile, the price of residential property in Australian cities continues to surge. Albo the zombie neoliberal PM.Continue Reading