Australian Politics Forum - Families That Can't Afford To Pay The Rent

bogarde73 Gold Member Offline Anti-Global & Contra Mundum Posts: 18443 Gender:	Re: Families That Can't Afford To Pay The Rent Reply #15 - Jan 21^st, 2015 at 2:10pm I have told the govt time & time again that a massive public housing building program is one of the infrastructure projects this country needs. But do they listen? No. I can do no more.
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John Smith

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Re: Families That Can't Afford To Pay The Rent
Reply #16 - Jan 21^st, 2015 at 2:13pm

Bam wrote on Jan 21^st, 2015 at 11:05am:

ian wrote on Jan 21^st, 2015 at 9:00am:

Bam wrote on Jan 21^st, 2015 at 8:57am:

The market is being artificially inflated by investors who sit on vacant housing and don't bother to rent it out. Some new residential developments in the Melbourne CBD area have a 30% vacancy rate with some apartments having never been lived in.

This failure of the market needs to be addressed.

this is utter garbage, investors dont buy properties in order not to get income.

Shows how little you know.

Vacant homes contributing to housing shortage
Quote:

Research by a pro-land tax property think tank suggests that vacant homes are contributing strongly to the apparent shortage of housing that is driving up prices and rents. The Prosper Australia research, using Melbourne water usage data, estimates that up to 4.4 per cent of homes in Melbourne may have sat unoccupied for most or all of 2012.

Quote:

Many owners are holding onto empty properties because the net return from rent is so low as to make it not worth the time and effort, while the real profit's to be made from rising property values.

If a new property can receive a premium on resale (because it's new) that is greater than the net income that would be received from renting it out, it may as well be left vacant. Some property investors are simply cashing in on capital gains and have no intention of leasing the property.

I wouldn't be cheering over that data, it's mainly guesswork based on water usage.

How can they tell individual water usage in buildings where one meter services multiple premises? Or if the premises didn't use water during a particular period because people were away on holidays? or that the property uses tank or bore water?

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Our esteemed leader:
I hope that bitch who was running their brothels for them gets raped with a cactus.

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John Smith

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Re: Families That Can't Afford To Pay The Rent
Reply #17 - Jan 21^st, 2015 at 2:15pm

bogarde73 wrote on Jan 21^st, 2015 at 2:10pm:

I have told the govt time & time again that a massive public housing building program is one of the infrastructure projects this country needs.

But do they listen? No.

I can do no more.

the biggest doners to local and state govt.s are usually building companies ... govts of any persuasion don't want to upset this cash cow

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Our esteemed leader:
I hope that bitch who was running their brothels for them gets raped with a cactus.

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Ex Dame Pansi

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Re: Families That Can't Afford To Pay The Rent
Reply #18 - Jan 21^st, 2015 at 2:31pm

bogarde73 wrote on Jan 21^st, 2015 at 2:10pm:

I have told the govt time & time again that a massive public housing building program is one of the infrastructure projects this country needs.

But do they listen? No.

I can do no more.

They cannot back a plan that reduces the affordable housing crisis, that would be counter productive to their own interests and the interests of the real estate industry. The last decade or two has practically been financed by the housing and mining booms, the mining boom has busted, they won't purposely stick a pin in the real estate industry, otherwise they'd abolish negative gearing.

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"When the power of love overcomes the love of power, the world will know peace." Hendrix
andrei said: Great isn't it? Seeing boatloads of what is nothing more than human garbage turn up.....

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Bam

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Re: Families That Can't Afford To Pay The Rent
Reply #19 - Jan 21^st, 2015 at 2:38pm

John Smith wrote on Jan 21^st, 2015 at 2:13pm:

Bam wrote on Jan 21^st, 2015 at 11:05am:

ian wrote on Jan 21^st, 2015 at 9:00am:

Bam wrote on Jan 21^st, 2015 at 8:57am:

The market is being artificially inflated by investors who sit on vacant housing and don't bother to rent it out. Some new residential developments in the Melbourne CBD area have a 30% vacancy rate with some apartments having never been lived in.

This failure of the market needs to be addressed.

this is utter garbage, investors dont buy properties in order not to get income.

Shows how little you know.

Vacant homes contributing to housing shortage
Quote:

Research by a pro-land tax property think tank suggests that vacant homes are contributing strongly to the apparent shortage of housing that is driving up prices and rents. The Prosper Australia research, using Melbourne water usage data, estimates that up to 4.4 per cent of homes in Melbourne may have sat unoccupied for most or all of 2012.

Quote:

Many owners are holding onto empty properties because the net return from rent is so low as to make it not worth the time and effort, while the real profit's to be made from rising property values.

If a new property can receive a premium on resale (because it's new) that is greater than the net income that would be received from renting it out, it may as well be left vacant. Some property investors are simply cashing in on capital gains and have no intention of leasing the property.

I wouldn't be cheering over that data, it's mainly guesswork based on water usage.

It is guesswork because actual statistics on occupancy and usage are not readily available.

Quote:

How can they tell individual water usage in buildings where one meter services multiple premises? Or if the premises didn't use water during a particular period because people were away on holidays? or that the property uses tank or bore water?

That's why we need to take these particular statistics with a grain of salt. Another issue with these statistics is that they do not count those properties that do not have accounts with one of the water companies. I take them as indicative but not definitive.

What is clear though is that there are vacant properties that are not available for rent. If vacant, habitable properties were taxed, the people who selfishly force up the price of rents would be made to pay the full price for their unslaked greed.

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You are not entitled to your opinion. You are only entitled to hold opinions that you can defend through sound, reasoned argument.

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Bam

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Re: Families That Can't Afford To Pay The Rent
Reply #20 - Jan 21^st, 2015 at 2:40pm

John Smith wrote on Jan 21^st, 2015 at 2:15pm:

bogarde73 wrote on Jan 21^st, 2015 at 2:10pm:

I have told the govt time & time again that a massive public housing building program is one of the infrastructure projects this country needs.

But do they listen? No.

I can do no more.

the biggest doners to local and state govt.s are usually building companies ... govts of any persuasion don't want to upset this cash cow

Which is why we need to reform political donations at all levels of government.

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You are not entitled to your opinion. You are only entitled to hold opinions that you can defend through sound, reasoned argument.

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John Smith

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Re: Families That Can't Afford To Pay The Rent
Reply #21 - Jan 21^st, 2015 at 2:49pm

Bam wrote on Jan 21^st, 2015 at 2:40pm:

John Smith wrote on Jan 21^st, 2015 at 2:15pm:

bogarde73 wrote on Jan 21^st, 2015 at 2:10pm:

I have told the govt time & time again that a massive public housing building program is one of the infrastructure projects this country needs.

But do they listen? No.

I can do no more.

the biggest doners to local and state govt.s are usually building companies ... govts of any persuasion don't want to upset this cash cow

Which is why we need to reform political donations at all levels of government.

I agree 100% ... bring in govt. funded elections campaigns

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Our esteemed leader:
I hope that bitch who was running their brothels for them gets raped with a cactus.

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