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.
As long as we have Inept Politicians in power sending all our money Overseas to Foreign Bludgers while our Pathetic PM enjoys the Greatest World Holiday in History we will never prosper. These Leeches are turning us into a Third World Country & we need level headed people to join together in Politics to stop this.
Australia cannot afford nor sustain immigration. Homelessness, house prices and cost-of-living are serious problems which aren’t being addressed by the Government.
I urge property investors to tell their property managers not to lease to foreigners or overseas students.
I also urge anyone intending to sell property to do so by private sale and not by auction. In a private sale the vendor can select who buys their property.
Overseas property investment needs to stop.
Australia needs to be put first.
Thank you for your honesty and integrity within your good work
We have Australia;s first FIFO PM.along with his tax payer funded partner.
It would be good to survey how many hours he has actually invested in Australia doing what he is paid to do. An employee of the Australian people.
Good point and Albo’s overseas trips cost an average of $33,000 per day. We have single mums living in tents telling their kids that they’re on a camping adventure. This isn’t Australia anymore.
Hi, Do we know where these new immigrants are coming from and where they are being sent too?
You would think the government would know this information and be transparent as they said they would be.
It all seems like a global push to move people into countries and cause economic and social issues (in Australia’s case it’s an own goal).
I am convinced the people in power just don’t care about the consequences of there actions.
We know what this is – it’s part of a deliberate move to bankrupt our country. The Australian people want immigration put on hold for 5 to 10 years. We want to get out country back before we start importing new problems.
What happened to government housing? When I was growing up up in the 60’s there was gov housing for low income people. Some needed help for a time, others needed it forever. It was a good system and we didn’t have homeless people sleeping on the streets.
Today investment properties are the fashion but it takes time and effort to make it pay well. I can understand why people have opted for BnB instead of long term letting – they can earn as much without the long term wear and tear and the frustration of annoying tenants. If it’s a privately owned dwelling it’s the owners business what they do with it – but now we have the gov telling people whatw to do with their assets. If you push enough people will sell the houses and there will be no rental accomodation.