Transcript
As a servant to the many different people making our amazing Queensland community, I know rental prices are a savage problem. Interest rate rises are increasing mortgage repayments and forcing more investment property owners to dip into their own pockets to pay their mortgage. If owners do not have that extra money, then negative gearing is not going to help. Inflation of 7.8 per cent means that council rates, water rates, maintenance costs and insurance are making it harder and harder to hang on to investment properties.
Now the Greens propose a rent freeze, which is really a 7.8 per cent rent reduction each year that it goes on. The only effect of a rental freeze will be to drive investment property owners out of the market. Australia needs investment property owners to provide a home to people who are renting. Driving them out of the market will hurt the 400,000 new Australians who arrived last year and the one million likely to arrive during the course of this government.
Rising rentals are a product of too many people chasing too few rentals. We know 10 per cent of Australian homes are owned by investors who are not renting them out. Their investment strategy is to buy a new home and keep it locked up while it appreciates in value. Having a tenant in there is a complication they don’t want and lowers the resale value because the home is no longer new. Most of these properties are foreign-owned.
One Nation would give these owners 12 months to sell those properties to Australians. Bringing that number of homes onto the market would do more to bring prices down than a price cap. And One Nation would reduce immigration to net zero, meaning there would be only enough arrivals each year to replace those that leave. This will allow time for the housing construction industry to catch up with demand. It is about supply and demand.
These sensible, honest policies are One Nation’s solutions to high rents, which will protect real estate values from the chaos a rental cap will introduce.
Agreed – thank you for your good work, Senator Roberts
Could not agree more Malcolm. The freeze on immigration should of happened years ago that is why we are in the mess were in now but obviously migrants mean votes.
This is one area that I disagree with One Nation. Immigrants are not the cause of high rental cost or lack of housing. In my opinion this is firstly because of the lack of public housing provision. This is not the fault of the present government but the fault of government of all persuasions over very many years. The second reason for this is the perception that the family home is an investment rather than a home. This is driven by the concessions given for negative gearing. There may be the case for negative gearing on one additional property but not multiple properties..
Maybe look at the high numbers of immigrants. Can we afford it? My opinion I’m worried about the immigration policies here and around the world. In many cases there are serious cultural issues. Sweden and Germany for instance. Immigrants living in their adopted country for several years and still do not speak the local language. Just saying. Does this issue need more in-depth thinking through. Seems to me the housing needs to be in place before the people arrive. And the problem facing Australian families could be sorted at the same time. Just suggesting.
Well said senator Malcolm, I did not realize we were getting so many migrants !!!! I hope they are not most from Africa or middle east !!!! They do not assimilate with our culture/religion and then we have issues, lots of issues.
Hi Malcolm reading the replies.
The main causes of this rental problem is the low building approvals. Empty investment properties
And successive bad government both unlawful local and extremely poor federal policies.
At this time commy Albo Greesy, is spending like there is no tomorrow,creating high inflation, and steam rolling towards a communist Australian,
The government is not act for the Australian people BUT serving there masters in the UN WEF .a civil war is loomimg make no mistake … wake up and stand up or loose your home. BE INFORMED