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Australians are sleeping on the street because they can’t afford rent or their mortgage. Meanwhile, a record 2.4 million “temporary” visa holders are in the country, competing with Australians for housing.

Transcript

Chris Smith: I think it’s fair to say to Malcolm that Australia’s immigration program is now officially out of control, and the worst it has ever been. 

Senator ROBERTS: Without a doubt. Completely agree with you. We have more than 2.4 million residents, excluding tourist, residents who are not citizens. Excluding tourists. Rent is up 52% in five years. Now, just remember that the Albanese promised, after the last financial year where we got 518,000 net immigrants, by far the largest ever, almost double the previous record, Albanese commented – yeah, yeah, yeah, we’ll cut it. Well the rate Immigration is coming in this year is higher than the record from last year. Higher. These people are just telling lies after lies. Lies. And the thing is they’re hiding over a per person per capita recession. They don’t want to be the government that was in place when the recession occurred. They would rather see people sleeping under bridges, in tents, in cars. I mean, working families Chris are going home at night to their kids and sleeping in cars. Where do they shower? Where do they toilet? I mean, we got the richest state in the world, potentially in Queensland, and we got people living under bridges, families, working families. Because the government just wants to look good by lifting up GDP to make sure we don’t have a recession. We would be in a recession now without large scale immigration fudging the numbers. 

Chris Smith: Fudging the numbers, that’s exactly what large scale immigration does. It’s terrific to have you on the program. Senator Malcolm Roberts, thank you for your time. 

Australians are sleeping on the street and the Government doesn’t care.

Hundreds of thousands of arrivals are flowing into the country while we don’t have houses for the Australians that are here. 

Rent prices are up 40% and house prices are 10x the average income, completely out of reach for most of Australians. We need to cut immigration, ban foreign ownership, give Australians more savings, introduce some competition to the banking cartel and open up construction as well. 

Australians deserve their own home, One Nation will make sure they get one.

Transcript

The housing and rent crisis is a national tragedy. In Australia, one of the richest countries in the world for resources, we have working families homeless, sleeping in their cars or under bridges. In August 2020, the national average rent was $437 a week. It’s now $627, an increase of 40 per cent in just a few years. The national rental vacancy rate is just one per cent—actually slightly under that—far below the three per cent rate that’s considered a healthy market. House prices are out of control. In 1987, the average house cost 2.8 times the average income.

Today, a house costs 9.7 times the average income. This is why there are hardworking Australians sleeping on the street—families on the street. People under 30 have given up hope of ever owning a home, yet we oldies are meant to hand our young people a better life than we had. 

One Nation promises to fix this housing crisis for all Australians. We will make the tough decisions that the Liberal and Labor uniparty won’t. Two point eight million temporary visa holders are in the country today, up from 2.3 million pre COVID. That’s an additional 200,000 homes needed for these new arrivals. While Australians can’t afford roofs over their heads, we need some of these people on visas to leave. An Australian can’t buy a house in China, yet foreign investors can buy both new and existing houses here.

One Nation would ban all foreign ownership of residential housing. Australians must come first. We would allow people to use some superannuation to invest in their homes. After all, it’s your money. We will ditch Labor’s facade, its pathetic, bureaucratic Housing Australia programs. Instead, we’ll use the same funds to create cheap 30-year mortgages fixed at five per cent interest to get Australians into homes. 

I called out the Prime Minister’s jet set lifestyle during parliament. Australians can see how out of touch and ineffective Anthony Albanese is as a leader.

The Prime Minister has spent too much time rubbing shoulders with pop stars, sucking up to billionaires and flying around the world in long overseas trips and too little time talking with everyday Australians.

Meanwhile Climate Change Minister Chris Bowen and his Ministry of Misery is making life harder for everyday Australians with every new net zero measure.

This is a PM who clearly cares more about globalists and celebrities than he does for the people of the country he was born into.

If ever the comparison to ‘Nero Fiddling While Rome Burned’ was appropriate for a political leader, it is Anthony Albanese.

Transcript

In a speech earlier this year, I made the point that one can judge a man by the company he keeps. I observed that one of Prime Minister, Anthony Albanese’s first orders of business was a private meeting with globalist billionaire and manipulator extraordinaire Bill Gates. And I spoke to a more recent meeting the Prime Minister had with Larry Fink, chairman of BlackRock, the merchant bank that now owns Australia and tries to control Australia.

In the break, the Prime Minister once again used taxpayers money and a taxpayers plane to hobnob at concerts, exhibition openings and attend a billionaire’s birthday soiree. In so doing, the Prime Minister has demonstrated he will show fealty to anyone he needs to, in order to keep swanning around as though the weight of responsibility of running this beautiful country of ours was somehow not on his shoulders.

It’s not the job of the Prime Minister to party at a time when everyday Australians are struggling to pay their rent, pay their mortgages, find a roof to put over their heads and pay their electricity bills. Especially because of his government’s policies. Can someone on the Government benches remind Prime Minister Anthony Albanese the word party in Labor Party doesn’t mean what he seems to think it means.

All the while, Chris Bowen MP, Minister for Climate Change and Energy, and now known as the Ministry of Misery, has been out there destroying our productive capacity, making people’s lives harder. His latest policy is a tax on commercial vehicles, including utes that tradies need to be a tradie. How can a so-called party of working Australians introduce a ute tax that will make it harder for tradies to own what is an essential tool of their trade?

Have you considered what that tax will do to housing construction? It will cut house production and raise house costs. If ever the analogy of fiddling while Rome burns is appropriate to a modern leader, it’s now: Prime Minister, Anthony Albanese. What a bloody disgrace!

Hundreds of thousands of Australians are homeless with more added every day.

The Defence Force is the most unprepared to defend Australia it’s been in 50 years.

Inflation has cancelled out all of the wage growth of the last ten years.

Let’s have a look at what Liberal and Labor are doing about it.

I spoke in parliament about the homelessness crisis in Australia and called out those responsible.

In Labor’s urban heartland, everyday Australians are sleeping in tents. These ‘tent cities’ are forming in public parks, showgrounds and under bridges. Australian citizens are being pushed aside to make room for the 2.3 million visa holders this government has let in during its term.

What the heck is this government doing? No stunts can cover up this failure. Imagine what kind of Christmas these Australians will have? The government is sending billions of dollars in foreign aid and contributions to organisations like the WHO and the United Nations, while letting its own people become homeless.

Albanese’s government is the Grinch that is stealing the Australian way of life.

Transcript

As we go about the business of the Senate today in the Labor Party’s normal chaotic, despotic manner, out there in Labor’s heartland, everyday Australians are sleeping in tents in public parks and in tents under bridges.

Australian citizens are being pushed aside to make room for the 2.3 million visa holders this government has let in during its term. That’s 2.3 million people being brought into a country that’s only building 120,000 new homes a year. That’s 2.3 million arrivals into a housing market that was already short 100,000 homes needed to put a roof over the heads of all those who were here when Labor took office—homeless Australians this government has turned its back on.

How must these people feel, watching this one-term Prime Minister jetting around the world in style, hobnobbing with predatory billionaires at elitist events in lovely locations, dining out on the best food and sleeping in the best hotels. Perhaps the next trip this failure of a prime minister should be taking is to the riverbank at West End, New Farm, South Bank, North Quay or Musgrave Park, all in Brisbane, or to the showgrounds in Gladstone or parks in Bundaberg.

The footage of these Depression-era tent camps is running on the ABC as we speak. I suggest the government watch it and ask themselves what the heck they are doing.

Tent cities are appearing right across Labor’s urban heartland—everyday Australians unable to keep a roof over their heads because there is no roof for them.

Thanks to Labor Prime Minister Anthony Albanese and this Labor government, there’s no place in Australia for Australians. Every tent in these tent cities has a name stamped on it—the names of Prime Minister Albanese, of Treasurer Chalmers and of Immigration Minister Giles. Your heartland is hurting, and no stunts on a bill the Senate had mostly passed already will cover up your failures.

Bring on the next election, because you lot are done.

Mortgages are skyrocketing, rents keep increasing, two thirds of young Australians believe they will never own a home and it’s hard to blame them.

The housing unaffordability crisis is the greatest issue facing Australia. Australians want to have their hard work and savings rewarded. They want a place to call their own and a place they can stay to raise a family.

The median house price in Brisbane is 10 times the median income.[1] In Brisbane it would take the average income 13 years just to save a deposit.

Rents are also rising on the back of a record low national vacancy rate of 1%.[2] Experts consider a 3% vacancy rate to be tight, a national average of 1% is an absolute crisis.

Right now, many Australians simply cannot afford a roof over their head.

Like any market there are two things and two things only that affect housing prices: supply and demand. Decades of successive governments have mismanaged both sides of the equation.

This is how One Nation would properly manage our economy and deliver cheaper houses and cheaper rent:

Cut overseas arrivals, ban foreign ownership, increase supply and stop pumping up profits for the Big Banks.

Cut the flood of overseas arrivals

In the short term, we need to stop pouring fuel on the fire. A huge amount of overseas arrivals are driving unsustainable demand.

Excluding tourists and short stay visitors, there are currently 2.3 million visa holders in the country likely to need housing.[3]

These working visa holders, students and others are putting enormous strain on the rental market, fighting Australians for a roof over their head and driving up rent prices.

The arrivals that can afford it are also buying houses, pushing up prices even higher.

The Albanese Labor government issued a record 670,000 student visas in one year when we only have 100,000 dedicated student accommodation beds.

In addition to these 2.3 million visa holders likely to need housing, there are roughly 400,000 tourist and other visa holders in the country.

While tourism is good for Australia, in the middle of our rental shortage this high demand is motivating owners to take their properties out of the rental pool and convert them to lucrative, full-time AirBnBs.

That means less rental supply for people needing a place to live and higher rents.

2.7 million visa holders, more than 10% of Australia’s population, are in the country right now fighting Australians for a roof over their head.

The country cannot sustain this level of overseas arrivals. It must be cut to take immediate pressure off housing availability and affordability.

Why haven’t we cut arrivals already?

Powerful lobby groups who rely on high immigration have been able to falsely label anyone who talks about this problem as “racist”.

Talking about reasonable levels of immigration is about securing a prosperous future for all Australians, including those who come to the country. Ruining our economy is a bad outcome for immigrants as well.

As the problem gets even worse, even mainstream media is now being forced to acknowledge the huge negative effects Australia is seeing from an unsustainable amount of arrivals.

The biggest winners from high house prices and big immigration are the big banks and multinational corporations relying on cheap labour.

Mortgages are so profitable for banks that they have become over-reliant on housing prices.

The ratio of borrowing for mortgages versus borrowing for business has skyrocketed to more than 200%, up from less than 40% in 1990.[3A]

That means the Big Banks are less diversified and will lose more money if housing becomes affordable.

As the Reserve Bank raises interest rates, the big banks pass that on at up to 7%, yet the banks borrowed long term funds from the RBA at just 0.1%.

They’re pocketing the huge difference leading to record-breaking profits.

There is billions of dollars at stake for the banks and other big businesses if housing became more affordable. The questions have to be asked whether government is putting the profits of greedy banks and multinational corporations ahead of Australians having affordable housing.

One Nation would never repeat the mistakes of the COVID period, where the Reserve Bank was allowed to create $500 billion out of thin air.[4]

That led to the inflation the Reserve Bank is now trying to fight and the tool it uses to do that is sending mortgage holders broke.

This only pumps up the big banks profits.

Ban Foreign Ownership

Finally, on the demand side solutions, we need to ban foreign ownership of Australian assets.

The government has no idea exactly how bad foreign purchases are.[5] A single real estate agent in Sydney sold $135 million in property to Chinese buyers in just six months.[6]

Australians can’t own a house in China, so why should we let foreign citizens buy property here?

Australian property is also a hotbed for suspected money laundering, with much of this happening in foreign connected purchases.[7]

We need to ban foreign ownership of Australian homes to decrease demand and give Australians a shot at owning their own home.

Let tradies build homes

On the supply side, government needs to get out of the way with their restrictive building codes, green land restrictions and a spider web of employment law.

Our tradies know how to build homes. Government just needs to get out of the way and let them build.

While increasing supply is an important part, it is important to note that supply can only be increased so much in the face of overwhelming demand, fuelled by overseas arrivals and foreign purchasers.

Australia has typically built homes at nearly the fastest rate in the world, fourth out of all OECD countries.[8]

Supply chain issues, high interest rates and rising construction insolvencies mean its very unlikely we will be able to easily build even more supply than the high amount we already do.[9]

Looking at how Australia punches above its weight in building houses and increasing supply already, it’s clear the biggest issue we have to fix is the demand side currently driven by overseas arrivals.[10]

One Nation would make home ownership a reality for Australians

A home is a castle.

The family unit and our society flourish when we have stable places to build our lives and raise families.

Decades of indifferent governments from both sides of politics have ruined this dream for many.

Only One Nation has the guts to make the decisions that will make the dream of home ownership a reality for all Australians.

Affordable houses, lower affordable rents and a flourishing economy is all possible under One Nation.


[1] Housing unaffordability hits grim new peak (afr.com)

[2] The Latest Rental Vacancy Rates around Australia (archive.is)

[3] Tarric Brooker aka Avid Commentator 🇦🇺 on X: “A new all time high for the number of temporary visa holders in Australia likely to require some form of housing.https://t.co/6NQ8HXu3i4” / X (archive.is)

[3A] (57) Tarric Brooker aka Avid Commentator 🇦🇺 on X: “Why Australia’s productivity growth is sub par when not being juiced by a resources boom or an expansion of household debt summed up in one chart. Businesses have gone from a peak of 74% of bank lending to 34% today. All that capital is flowing into housing instead. https://t.co/ZfyJMvAK7y” / X (twitter.com)

[4] RBA creates inflation by printing money out of thin air – Malcolm Roberts (malcolmrobertsqld.com.au)

[5] Housing ‘scandal’: Foreigners buy twice as many homes as recorded (archive.is)

[6] Chinese millionaires snap up Australian properties in Toorak, Armadale, Malvern, Hawkthorne and Kooyong | news.com.au — Australia’s leading news site (archive.is)

[7] No questions asked: money laundering thrives in Australia because of professionals willing to facilitate it | Crime – Australia | The Guardian (archive.is)

[8] [Title] (oecd.org)

[9] ASIC data shows insolvencies in the building and construction industry have hit pre-Covid levels | news.com.au — Australia’s leading news site

[10] Why more supply will never fix the housing market – MacroBusiness

Data from Home Affairs and analysed by Tarric Brooker shows there are 2.3 million visa holders likely to require housing in Australia right now excluding tourists and other short stay visas.

Almost every Australian in a rental saw their rent increase during the past three years and around three-quarters of young Australians believe they will never be able to afford a home.

Added to these problems we’re seeing Airbnb conversions taking accommodation off the rental market.

Australia’s housing crisis is a direct result of the Albanese government’s flood of permanent immigration visa holders and tourists.

Transcript

We know that the conversion of houses to Airbnbs take away beds in which Australians could be living. The Albanese government oversaw over 5.86 million tourists arrive last financial year that. That’s creating a huge incentive for property owners to turn their houses into lucrative short-stay accommodation, making the housing and rental crisis worse. We have only 100,000 student accommodation beds, yet the Albanese government issued a record 687,000 student visas in one year. Analyst Tarric Brooker has used Department of Home Affairs data to show that there are 2.3 million visa holders likely to require housing in the country right now. This figure excludes tourists and short-stay visas.

In the past three years, almost every Australian in a rental has had their rent increased, often savagely—if they can find a rental. Almost three-quarters of young Australians believe they will never be able to afford a home. If this rate of people coming into the country is maintained, sadly, they will be correct. Australia’s housing crisis is a direct result of the Albanese government’s flood of permanent immigration, visa holders and tourists.

There are two sides of the housing equation: supply and demand. With record overseas arrivals driving record levels of demand, we will never be able to build enough supply to keep up with demand. On the supply side, barriers to building even more housing are growing. Rising interest rates are putting pressure on borrowing capacity to pay for new houses. Construction supply chains are still broken from gross federal and state COVID mismanagement. Rising material costs, combined with existing fixed price contracts, are squeezing builders, and the construction industry is facing a wave of insolvencies. The unsustainable level of overseas arrivals in our country is fuelling Australia’s housing crisis. The rate of arrivals must be cut quickly.

When will this Labor government make the decision to cut unsustainable, record high immigration? This is a government that is halfway through its term, yet it’s still blaming the previous government. Are we really supposed to swallow this fairy-tale?

Australia’s immigration levels have been allowed to escalate under the Albanese government and they’re driving both the housing crisis and the high cost of living. These two issues have worsened exponentially under Labor.

I had to remind the Minister to answer the question because he was determined to use up the time allotted for answering in banter with others in the chamber, or to deliberately twist my words. When I pressed him to answer he could only pass the buck, talk up Labor’s grossly inadequate housing fund and it’s clear he is not prepared to accept any responsibility. The arrogance and lack of respect he shows to his position and by default, the Australian people, is deplorable.

Failure to take responsibility is a symptom of the ways in which Labor is failing the Australian people. A recent Weekend Australian article has reported that the migration surge is fuelling inflation, and the Reserve Bank backs that up.

The recent tsunami of new arrivals is under Labor’s watch and Senator Murray Watt needs to own it. These performances in parliament he’s indulging in, rather than taking his position seriously, do nothing to restore the people’s trust in government.

Transcript

My question is to the Minister representing the Minister for Immigration, Citizenship and Multicultural Affairs, Senator Watt. With Labor embarking on the largest immigration program in Australian history, bringing in more than 500,000 people this year alone, more and more economists are warning these numbers are driving inflation and hurting everyday Australian families. Following yesterday’s 12th interest rate rise since Labor was elected, when will the government acknowledge they are completely wrong about high immigration and cut the numbers to sustainable levels?

Senator McKenzie interjecting—

Senator Dean Smith interjecting—

The PRESIDENT: Senator McKenzie and Senator Dean Smith!

Senator WATT: Senator Smith, that’s most unlike you! I’m very disappointed in you! I’m very disappointed. Thank you for the question, Senator Roberts. I hear, again, in response to your question, Senator McKenzie demanding more spending for infrastructure. So I guess we’re back to, ‘Spend more in the economy, and drive up inflation!’ That’s where the opposition was at today—

Senator Rennick interjecting—

Senator WATT: Senator Rennick’s jumping up and saying no. The Liberals disagree. Okay!

The PRESIDENT: Senator Watt, please resume your seat. Senator Roberts, I am going to direct the minister to your question, and I will remind those in here that the crossbenchers are entitled to be heard in silence and are entitled to have their questions answered. They get less time than others in this place. I would expect everyone to be sitting in respectful silence. Minister Watt, I refer you to Senator Roberts’ question.

Senator WATT: Thank you. Senator Roberts, I think I answered a very similar question from you the other day. I did acknowledge that Australia’s migration system, after 10 years of Liberal and National government, mainly overseen by the now opposition leader, Mr Dutton, is in utter 	disarray. We have acknowledged that. I know that the minister—

The PRESIDENT: Minister, please resume your seat. Senator Roberts.

Senator Roberts: On relevance—I’m asking when he will cut the numbers to sustainable levels.

The PRESIDENT: Thank you, Senator Roberts. I will remind the minister of your question. Minister Watt.

Senator WATT: Thank you, Senator Roberts. It is important to put this in context, and we have acknowledged that the migration system that we inherited, overseen largely by Mr Dutton, the now opposition leader, is a mess. It is a completely broken system. We have already taken a number of measures—

The PRESIDENT: Minister Watt, please resume your seat. Senator Roberts?

Senator Roberts: When will they acknowledge they are completely wrong about high immigration and cut the numbers to sustainable levels? That’s simple.

The PRESIDENT: I believe the minister is going to your question, and I will continue to listen carefully. Minister Watt.

Senator WATT: We have taken a number of measures already since being elected to fix the mess of the broken migration system we inherited. For example, this government has ended the Pandemic Event visa, which was being abused in some cases—in many cases. We have changed the previously unlimited working hours that were available for international students, a system that was engineered by the former government, and we’ve also made changes to work exemptions for working holiday visa holders. We’ve also increase the temporary skilled migration income threshold from $53,900 to $70,000, and that is the first increase in a decade.

The PRESIDENT: Minister Watt, please resume your seat. Senator Roberts?

Senator Roberts: When will he deal with cutting the high numbers?

The PRESIDENT: Senator Roberts, I think he’s being relevant to your question. Thank you, Minister.

Senator WATT: Senator Roberts, it’s up to you to choose whether you want to listen to my answer or not. But I’ve already outlined a number of measures that we have taken to fix the migration system, thoroughly broken, overseen by Mr Dutton, and to try to put in place a more manageable migration system and more manageable immigration numbers. We are conscious that this is an issue that needs to be addressed, and we’ll keep working on it. (Time expired)

The PRESIDENT: Senator Roberts, your first supplementary?

One million Australian homes are sitting vacant. That’s twice what we need to solve the housing crisis. They don’t need to be built they are unoccupied right now.

The government isn’t solving this problem. It pretends it doesn’t exist and doesn’t want to know how to solve it either, because it’s too busy playing at politics.

According to recent data, it’s likely that around 5000 foreign buyers could be buying as much as $5 billion worth of residential property in Australia every year.

With immigration being pushed up again in the wake of COVID, what we have is a supply and demand problem that has a simple solution – net zero immigration, meaning we don’t add to the crisis and actually introduce a ban on foreign ownership.

In a housing crisis the government needs to put Australians first.