Since 1990, Australian house prices have increased more than almost anywhere else in the developed world.
We’re not 'more capitalist' than the US. We’re not more 'land-scarce' than the UK. Yet somehow our housing market has been deliberately inflated into a bubble that locks generations out.
Ask yourself:
- Who benefits from endlessly rising house prices?
- Why do both major political parties defend tax loopholes (negative gearing, CGT discounts) that make property speculation more lucrative than actual work?
- Why does every attempt to reform housing policy get killed before it begins?
This looks more like a coordinated wealth transfer. Australia has become the model of a country where housing can become an engine of control. Turning homes into assets for investors while debt enslaves everyone else.
Media and banks reassure us it’s 'normal.' But normal compared to what?
(Notice how we’re told to blame each other instead of the policies that make speculation more profitable than shelter?)
Posted by PlanetaryGovenor
4 Comments
The largest voting block will be boomer home owners who will vote against anyone allowing house prices to drop.
Media and banks saying it’s normal huh? There’s your problem right there. Find out for yourself who owns the banks and media and you’ll find your perpetrators.
Since 2021 property prices have gone crazy in my area, an average 1bed flat was £210000, now £330000 (that has dropped in the last year) rent circa £1000 to £1350
I had a 40% increase last year
Everytime there is a discussion to help with rising costs, rent caps it is shot down due to the majority of our politicians being home owners and landlords.
Does this graph account for inflation? Because if you account for inflation the average house price in the uk today is the same as it was in 2007.