Australia has a rental crisis and yet we continue to allow foreign entities, including shelf companies, buying and locking up homes.
According to recent publicly available data, NSW Treasury figures as much as $5 billion of residential property is purchased by foreign buyers in one year.
With one in ten homes unoccupied and the rental crisis making Australian families homeless, how dare Minister Farrell sideline my questioning for an opportunity to lobby for a bill which is nothing but a ‘drop in the ocean’ against the Australian housing crisis. A crisis that is caused by unbridled immigration and failure to even inquire as to why so many homes are vacant.
The answer to this crisis couldn’t be more clear: put Australians first!
Answer the question .
The likes of these super companies (blackrock, Vanguard etc) are busy buying up property across the world.
Something to do with “you’ll own nothing and be happy”
Numerical data is preferred to hyperbole.
To be straight forward,
NUMBERS PLEASE !
Col
Australia is one of the few countries in the world where it’s open slather for foreigners to purchase residential properties. Furthermore, in many countries, citizens must reside in their properties for a given period each year if they wish to retain ownership. Funnily enough, those countries don’t typically have a housing problem. What’s the old saying “love of money is the root of all evil!!”
Homes for Australians first – and once we have an overflow, then other options can be looked at