The “Australian Dream” hasn’t just faded—it’s been sold out.
Young Australians are being forced into a impossible choice: become a lifelong debt slave to the banks, or pay rent to a foreign corporate landlord like BlackRock forever.
Here is the reality the major parties are trying to dodge: 👉 It now takes 30 years to save a deposit near the city – a national tragedy. 👉 The government is using insane mass migration to prop up GDP and hide the fact that we are in a per-capita recession. 👉 We’re giving tax breaks to foreign investment funds to “Build to Rent” while local families are priced out of auctions. 👉 Bureaucracy is stopping our tradies from actually building the homes we need.
We don’t need cringeworthy TikToks or “election bribes” disguised as subsidies. We need a government that isn’t afraid to speak the truth about the root causes.
While the “Uniparty” of Labor, the Liberals, and the Greens runs and hides from these facts, One Nation is the only party standing up for everyday Australians. We’re committed to putting your family’s future ahead of global corporate interests and fixing the migration numbers so the next generation can actually own a piece of Australia.
It’s time to put Australia first. It’s time for One Nation.
Transcript
I move:
That, in the opinion of the Senate, the following is a matter of urgency:
The urgent need to address the failure of the Albanese government to fix home ownership for the next generation, with mass-migration adding to the 4.7 million non-citizens in the country, tax breaks being given to foreign corporate landlords like Blackrock under ‘Build to Rent’, foreigners continuing to buy Australian homes and red tape stopping tradies from building more.
The government has offered young Australians starting out in life two equally terrible options: either become a debt slave to the banks forever or rent from a foreign corporate landlord like BlackRock and never actually own a home. Successive Liberal-National and Labor-Greens governments—uniparty governments, that is—have failed to address the root cause of the housing crisis: mass immigration. Why would they do that? The answer is simple: necessity. After years of selling Australia out to their foreign masters, such as BlackRock Inc, Australia’s domestic economy was performing so badly that immigration became the government’s lifeline.
Australia has had negative per capita income for five successive quarters. What that means is that everyday Australians are going backwards. Their small pay rises do not compensate for inflation.
The reason the Australian economy as a whole is not in recession is the spending from new arrivals, as they furnish their homes and buy clothes, appliances and so on. This feeds on the GDP. But, per capita, we’re in recession. It’s economic sherbet. Once the sugar hit wears off, these new arrivals wind up in the same cost-of-living recession as Australians.
Instead of developing infrastructure, reducing red tape, reducing green tape, reducing blue UN tape and getting private employment going again, the government takes the easy way out: more migrants, and more, and more. Decades of mass immigration have led us to this place we are in today, where we have 4.7 million visa holders in the country who are not citizens of Australia. We now have absolute confirmation that neither Labor nor the Greens, the Liberals or the Nationals are capable of solving, nor can they be trusted to solve, the real cause of the housing crisis: mass immigration.
And it’s a crisis. The latest CPI data shows that housing has now risen 5.9 per cent in the last year—an accelerating rate of increase. And electricity, by the way, went up 37 per cent, as those election bribes Labor gave you—sorry, electricity ‘subsidies’—started to expire. According to CoreLogic, it now takes someone on the average wage 12 years to save for a home deposit on the outskirts of Sydney and 30 years to save for the deposit on a home close to the city—30 years, for a deposit! Servicing a home loan now costs 42 per cent of income. The point at which a mortgage is considered to be impaired used to be 30 per cent. That’s insane! It’s a tragedy for young Australians.
The blame for this rests squarely with the Liberal-National and Labor-Greens parties. You have taken the option of homeownership away from young people with your insane mass immigration and your net zero agendas. You, and you, have allowed foreign multinational corporations and superannuation funds to bid up the price of Australian homes, and you’ve stood idly by while young people have walked away from auctions in tears. Instead, you make cringeworthy TikTok videos. You make promises that are not and cannot be kept, because you run and hide from the real reasons for the crisis: the Ponzi scheme that mass immigration has become. You run and hide.
Here’s what One Nation wanted this parliament to vote on today:
That, in the opinion of the Senate, the following is a matter of urgency:
The urgent need to address the failure of the Albanese government to fix home ownership for the next generation, with mass-migration adding to the 4.7 million non-citizens in the country, tax breaks being given to foreign corporate landlords like Blackrock under ‘Build to Rent’, foreigners continuing to buy Australian homes and red tape stopping tradies from building more.
Yet the other parties want to remove the facts, the data, from One Nation’s motion. No-one wants to talk about the fact that there are 4.7 million visa holders—people who are not Australian citizens—in the country right now, all needing homes. No-one wants to talk about the tax breaks being given to foreign corporate landlords BlackRock Inc. No-one wants to talk about foreign ownership of Australian homes—no-one, except One Nation.
There is a reason why One Nation is the most trusted party in the country on the issue of migration—that’s what the polls are saying quite clearly. The reason is simple: we care; they don’t. One Nation will govern for everyday Australians. It’s time for a One Nation government now.
https://img.youtube.com/vi/5A4xddamdpo/maxresdefault.jpg7201280Senator Malcolm Robertshttps://www.malcolmrobertsqld.com.au/wp-content/uploads/2020/04/One-Nation-Logo1-300x150.pngSenator Malcolm Roberts2026-01-15 13:50:092026-01-15 13:50:13The Great Australian Sell-Out
Labor’s decision to slash the withholding tax for foreign corporate landlords from 30% to just 15% is a slap in the face to everyday Australians. While families struggle to buy a home, Labor is rolling out the red carpet for global giants like BlackRock, Vanguard, and State Street—offering them tax breaks to build rental stack-and-pack apartments that Australians will never own.
Let’s call it what it is: build-to-rent is build-to-never-own. It’s designed to lock Australians into a lifetime of renting from foreign billionaires, while those same corporations pay less tax than the hardworking people they’re renting to.
One Nation has been warning about this for years. We believe in the Australian dream—owning your own home, not renting it forever from a global landlord.
We stand with Australians, not greedy foreign corporations and parasitic predators driving the World Economic Forum and the United Nations agenda.
Transcript
Senator Bragg’s disallowance seeks to throw a spanner in the works of the build-to-rent scheme. That’s a very good thing and One Nation will be wholeheartedly supporting it. Foreign corporations used to pay a 30 per cent withholding tax on housing investments like build to rent. Labor cut that in half, to 15 per cent.
Let’s be clear: this Labor government said to foreign, corporate landlords like BlackRock, State Street, Vanguard and first state, ‘We’ll cut the amount of tax you pay in half.’
Forget the Australian dream of owning your own home. Labor’s dream is that you live in a stack-and-pack shoebox apartment paying rent to BlackRock forever, while those foreign corporations pay less tax than you do. That’s what build to rent means.
Whenever you hear ‘build-to-rent’, remember ‘renting forever to a foreign corporation, a foreign corporate landlord and a foreign global wealth investment fund’. They’ll build homes, for sure, and Australians will never, ever own them—never. It’s built to rent forever. I’ll quote from the Economics Legislation Committee report into the Treasury Laws Amendment (Build to Rent) Bill 2024 and the provisions of the Capital Works (Build to Rent Misuse Tax) Bill 2024. The provisions of the bills include ‘reducing the final withholding tax rate on eligible fund payments—distributions of rental income and capital gains—from eligible managed investment trust investments from 30 per cent to 15 per cent, starting from 1 July 2024’. So there you go—a tax cut in half for those global, corporate, predatory investors, who own almost everything and are determined to own everything. I’ll say that again: they own almost everything and are determined to own everything.
The report states:
The draft legislation was adjusted as a result of this consultation to ensure the government’s policy objective of incentivising foreign investment in BTR—
Build-to-rent—
including affordable housing supply, is achieved.
They are admitting that the objective of the bills is incentivising foreign and predatory corporations into owning your home. The report also states:
The Property Council advised the 15 per cent tax rate for investment in housing is already available to Australian investors. The MIT—
managed investment trust—
withholding tax rate applies to withholding tax that goes back to overseas investors—
Predators and parasites—
but foreign investors can also capital partner with Australian investors.
That is the most telling part of all. This bill would only change the tax treatment of foreign, predatory, multinational corporations. That’s all. There’s nothing for Australians. Australian companies could do it. Foreign companies pay a penalty—that’s a good thing. Yet the Labor Party of Australia would change that; you in the government would change that. Are Labor the party for Australia, or are they the party for global, foreign corporations? Build-to-rent answers that question clearly. Clearly Labor are for the foreign corporations like BlackRock, Vanguard, State Street and First State. One Nation, though, is for Australians owning their own homes.
I’m going to do something a little unusual and quote extensively from the coalition senators’ dissenting report on the build-to-rent bills—an outstanding report. I hope you don’t mind, Senator Bragg. It goes to the very heart of what’s wrong with the new Labor Party:
Build to Rent has had minimal cut-through in Australia because our tax settings are designed to favour individual, ‘mum and dad’ investors, not institutions. That is appropriate.
This legislation seeks to tip the scales in favour of institutions through tax concessions, in order to make Build to Rent projects profitable for industry super funds and foreign fund managers. Labor thinks that institutions need a leg up over Australian first home buyers.
Why? The report continues:
Dr Murray was critical of the Bill’s attempted perversion of our tax arrangements:
It’s not clear to me why local investors shouldn’t be advantaged over foreign investors in Australian housing. I don’t see that there’s a good argument … for levelling the playing field there. It’s not clear to me, if the intention is to attract super funds into this, why owning your own home via your super fund and renting your own home from your super fund is better than owning your own home and using that money to buy what is the best asset to own in retirement.
That’s just like One Nation policy. The report goes on:
At the public hearing, the Association of Superannuation Funds of Australia (‘ASFA’) suggested that Australians would prefer Black Rock and Cbus be the nation’s landlords—
Really? You would?
and described mum and dad investors as undertaking a ‘hobby activity’—
How condescending; how arrogant—
Senator BRAGG: Do you think the Australian people want to rent their house from a super fund?
Mr Clare: I think that they would be very happy with institutionally owned residential property where there is an option of having longer-term tenancies rather than the more-typical-in-the-market situation where there is a lack of assurance of continuity of tenancy because it’s a small-scale, hobby activity for individual landlords.
The report continues:
This is the view of a vested interest. Most Australians would not agree with this proposal.
Other witnesses did not share ASFA’s view. Grounded Community Land Trust Advocacy told the Committee:
Senator BRAGG: Are you concerned that we are seeing a corporatisation of housing in Australia?
Mr Fitzgerald: Absolutely. This is delivering horrifying results in the Northern Hemisphere, and this legislation makes no account of that—
No account of what’s actually happening—
It perplexes me that this government, which purports to be in support of labour—
That is, workers—
is allowing rent-maximisation strategies to come through unabated. Yes, I agree: pushing mum-and-dad investors out of the housing market will result in less competition—
An oligopoly for the big fellas—
What we’re seeing in the Northern Hemisphere is a horrific new software program called YieldStar, which in Atlanta coordinates rental increases for 81 per cent of rental properties. The board of supervisors in San Francisco has now banned this as a monopolistic practice—
Yet you want to bring it in—
There’s just nothing in this legislation that even prepares us for what’s coming.
The report goes on:
The Housing Industry Association pointed to the importance of Australia’s housing market maintaining a focus on individual ownership.
Senator BRAGG: But isn’t it the case that the character of the housing market in Australia is largely focused on individuals? … Do you think that’s a good or a bad design feature?
Mr Reardon: I think that is a very positive outcome, with the association and connection with home and with location, and a sense of place and purpose—all of those dynamics.
This is reinforcing what we already know and what Senator Bragg has already discussed. Mr Reardon goes on:
All the evidence shows that people who own their own home are far less likely to be incarcerated and more likely to be gainfully employed. All of the evidence shows positive economic, social and cultural outcomes.
Personal responsibility is a cornerstone, a foundation of a safe and productive society. Personal responsibility enables and is the basis for a safe and productive society.
Senator Bragg’s report then says:
Australians are not interested in subsidising institutional investors. When asked what organisations would be the key beneficiaries of Build to Rent tax concessions, Treasury confirmed that foreign fund managers would be at the centre:
There are a lot of foreign investors using the MITs because of the withholding tax concessions and other benefits from using that structure, but there can also be domestic investors using the MITs; they just get a different tax regime. Those investors will be working in partnership with commercial developers to develop these buildings.
The report continues:
Cbus Super has previously committed to scaling up in the Build to Rent sector, announcing a plan to scale up its portfolio to approximately $2 billion in apartments.
Some of the most alarming evidence from the public hearing was that the passing of this Bill could see Australian taxpayers subsidising foreign governments in their investment in our housing market. Dr Murray warned:
I find it interesting because we’ve already even got foreign investment funds doing build to rent. What’s even funnier is that the largest one is a foreign government. We’ve got the Abu Dhabi Investment Council, who owns the Smith Collective on the Gold Coast, which is 1,251 build-to-rent dwellings, and we’re now proposing to offer them a better tax treatment for something they’re already doing—through a foreign government. I find that a bizarre outcome of this proposed bill.
It is bizarre. The report continues:
Approaches like Build to Rent endeavour to emulate the corporate housing model which has seen a downturn in the United States housing market.
Fund managers have become the predominant landlords in the US—
I will digress from Senator Bragg’s dissenting report for a minute. The bankers in the United States said in the 1920s that their dream was a combination of predatory behaviour and legislation to get a monopoly and own every house that they could in the country—to control people—because once people have their residence at stake, they are easily controlled. The report says:
Fund managers have become the predominant landlords in the US. According to the US Government Accountability Office (‘the GAO’), large institutional investors emerged following the global financial crisis, purchasing foreclosed homes at auction in bulk and converting them into rental housing.
In 2023, corporate housing funds held $1 trillion USD in assets. In Atlanta, Charlotte and Jacksonville, institutional investors own 25, 18 and 21 per cent of the rental stock respectively.
That is what you are wanting here. We don’t want it. The report continues:
This corporate housing model, in order to generate a return on investment for institutional investors, relies on individuals being locked into a cycle of perpetual renting—
This is exactly what we’ve been warning for the last five years. It continues:
There is a growing consensus in the US that this model has failed and is hurting prospective first home buyers. Lawmakers from both sides of politics are introducing legislation to limit institutional investment accordingly—
Watch what’s happening; this has failed—
While the US is moving away from corporate housing, the Australian Labor Party is forcing Australians into it.
Well, Senator Bragg, I’m not ashamed to admit we probably couldn’t have written it better ourselves; thank you.
Build-to-rent is an abomination that destroys the Australian dream of owning your own home. One Nation raised this cruel reality years ago. One Nation rejects making Australians forever renters to a cartel of greedy foreign corporations.
An honourable senator interjecting—
Senator ROBERTS: Let’s see if you repeat that: One Nation rejects making Australians forever renters to a cartel of greedy foreign corporations, predatory parasitic corporations and parasitic predators driving the World Economic Forum and the United Nations agenda, on your conscience. All Australians should be able to work hard and one day own their own slice of this great, big, wonderful country with so much potential. Only One Nation has the policy to make this real for everyday Australians.
Under the One Nation plan, anyone that owns residential property yet isn’t an Australian citizen or permanent resident, will be given two years to sell their property back to an Australian. The two-year grace period will ensure there isn’t a flood of properties onto the housing market.
Let’s get Australians into affordable houses while keeping the market sound.
Transcript
Australians are rightly stunned and confused. Why are foreigners, people from other countries, allowed to buy real estate while Australians are made homeless and sleep on the street? China dominates foreign purchases of Australian real estate, snapping up the most of any country in the world. China snaps up houses and farmland across our country, yet Australians are banned from buying a house in China. Add to that Hong Kong, Taiwan, Vietnam, India, the United States and the United Kingdom. The list of countries that grab Australian real estate goes on and on.
Australians are suffering through a housing crisis, a catastrophe. The average mortgage size has never been higher, with expensive repayments crushing household budgets. A house in Brisbane used to cost three times the average income. Now it’s 10 times. This combination of high house prices and high interest rates means the average Australian is paying more of their wage on mortgage repayments than a homeowner would in 1990, when the Reserve Bank of Australia’s cash rate was at 17 per cent. I’ll say that again. As a proportion of income, mortgages are more expensive today than when the RBA had rates at 17 per cent.
The rental market in Australia is broken. Vacancy rates, a good measure of whether it’s even possible for people to find a rental, have been at crisis levels for years. The average rent for a house in Brisbane has gone from $467 a week in 2020 to $740. For a unit in Brisbane, rent has gone up from $381 to $587 in the same period, since 2020. What’s the government’s response to the hurt Australians are feeling trying to get into a house? Labor will keep letting foreigners buy residential real estate.
While the Liberals signal they might do something about it, their proposal doesn’t go far enough. Peter Dutton doesn’t want to stop foreign ownership of real estate. He wants foreigners to be back here buying up the farm in two years. The Liberals’ temporary pause is not good enough. Australia needs a complete ban on foreigners owning houses in this country. The Liberals won’t do anything about the houses that are foreign owned right now—they can keep them. In 2017, ANZ estimated that foreigners owned up to 400,000 Australian homes. That’s enough for a million Australians to live in, and that number of homes can only have increased since then.
One Nation would implement a true ban on foreign ownership. Under our plan, anyone that owns residential property yet isn’t an Australian citizen or permanent resident will be given two years to sell their property back to an Australian. The two-year grace period will ensure there isn’t a flood of properties onto the housing market. Let’s get Australians into affordable houses while keeping the market sound. When the Liberals would be opening back up purchases for foreigners, One Nation would be completing the greatest transfer of houses out of foreign hands and into Australian hands in history. In this debate, we will hear Labor senators get up and claim that foreign ownership is less than one per cent. We’ll hear them claim it’s foreign investment. That’s a lie. It’s ownership. And their numbers aren’t true.
In that 2017 report I mentioned, ANZ said, based on Foreign Investment Review Board data, foreigners had purchased an estimated 25 to 35 per cent of new Queensland homes. Later in 2017, the government introduced a new annual vacancy fee for foreign owners of residential properties. You won’t believe this next coincidence. After the government started charging a fee on foreign owners, the number of foreign owners declaring themselves to the government dropped from between 25 and 35 per cent to one per cent. It was just like magic! When NAB asked real estate agents directly how many foreigners they were selling to, the percentages were in the double digits. That’s more than 10 per cent. We know that. It’s a fact. The New South Wales government has even recorded foreign purchases at more than double what the federal Labor government claims they are. It doesn’t matter what the real number is anyway. One foreign purchase is one too many while Australian families are sleeping on the street.
Foreign ownership is one part of the housing puzzle. One Nation has comprehensive solutions to all of the levers we need to pull to get Australians into affordable houses. These including pausing immigration to reduce demand, abolishing GST on building materials, establishing five per cent fixed rate mortgages, enabling HECS debtors to get a loan and deporting 75,000 illegal residents now.
On foreign purchases and ownership, we are clear. Only One Nation will implement a real, permanent ban on foreign purchases. Only One Nation will force foreign owners to sell their houses to Australians. Only One Nation will extend the ban on foreign ownership to our valuable farmland, to protect our ability to feed Australians first. Only One Nation can be trusted to truly put Australians first.
The Help to Buy Bill 2023, introduced by the Albanese Labor government, will make Australia’s housing crisis worse. The bill proposes to allow the government to own a significant portion of the house – 30% for existing homes and 40% for new ones. Providing buyers with an additional 40% purchasing power will only drive up house prices further, as highlighted by the Productivity Commission’s warnings about increasing demand leading to higher prices.
The bill is also criticised for being poorly targeted and not addressing the fundamental issue of housing supply and demand. The limited number of spots available under this scheme suggests the government know it will introduce inflation. Key questions about how profits, losses, and renovations will be treated are unclear. Participants in this scheme could be far worse off.
One Nation proposes a way for all Australians to be able to afford a house. We focus on addressing both supply and demand issues. These include throttling the amount of immigrants in the country from their record highs to pre-COVID numbers (for a start), banning foreign ownership of Australian residential properties, allowing Australians to leverage their superannuation funds towards owning homes, establishing fixed 5% mortgages, cutting GST on building materials and gutting the bloated building codes.
Under the government’s “Help to Buy” bill, you’ll become a slave in your own home. Under One Nation’s plan, the Australian dream of owning your own home will become a reality.
Transcript
The Help to Buy Bill 2023 is a bill that won’t help anyone. Right now, Queenslanders are sleeping under bridges and on riverbanks. In one of the world’s richest states, working families with children are living in cars. Where do they toilet or shower? It’s inhuman. Rents are skyrocketing—if a rental can be found. House prices are reaching record highs. This is a housing crisis, one of the worst we’ve faced. It’s an inhuman catastrophe.
The Albanese Labor government wants to look like it’s doing something. Enter the Help to Buy Bill. Under this plan the government wants to own a significant part of your house. If it’s an existing place, the government wants to own 30 per cent; if it’s a new place, 40 per cent—with the government paying for part of it with low-income earners. While a 40 per cent subsidy might sound attractive, it’s fatally flawed. If the government just borrows more money for this plan then one thing is going to happen. When you give people 40 per cent more money to buy a house, house prices are going to go up. The Bills Digest notes:
In 2022, the Productivity Commission concluded that—unless it is well-targeted … assistance to prospective home buyers presents too great a risk of increasing housing demand and, consequently, house prices.
The government’s own Productivity Commission warned them this plan would increase house prices. Even the Labor government recognises this. That’s why they’ve severely limited the amount of places available under the scheme—so that house prices aren’t drastically increased. There’s a contradiction right there. If the government is only opening limited spaces so there’s no impact on house prices, then it’s an admission the scheme will not help many people.
The problem of increasing house prices is one of too much demand for the amount of supply. This bill will only increase the amount of demand and increase house prices. In the absence of more supply, we need to decrease demand, not increase it. As Dr Cameron Murray from Fresh Economic Thinking accurately said:
If you want people to have cheap housing, give them cheap housing. You can go and do all the financial tricks in the world but at the end of the day if they’ve paid that price, someone’s paying the price.
This bill’s core concept and premise is flawed and possibly a lie. We can’t subsidise our way out of a house price problem.
Looking at the bill’s details or lack of details, the problem is worse. Firstly, let’s look at profit and loss and renovations. One of the most concerning questions is how the government will treat profits and losses and renovations. To these questions, this bill has no answers. How much of the profits will the government take if you sell your house? We don’t know. How much of the loss will taxpayers pay if house prices go down or the homebuyer defaults on their mortgage? Australian house prices have aggressively and consistently risen for 30 years. What if they fall? The bill is silent on how this would be handled. Would taxpayers be forced to pay for the entire loss on someone’s mortgage? The government basically acts as a mortgagor second to the bank. Does this mean the bank gets first call to recoup all their losses and the taxpayer simply has to cop the loss on whatever is left over? We don’t know.
If someone improves the value of the house with renovations, does the government take 40 per cent of the improved value while doing nothing? We don’t know. Imagine tearing up carpets, swinging hammers and sanding with bare hands for six months or a year, and the government takes 40 per cent of the profits from that hard work of yours. That’s entirely possible under the bill as currently drafted. Under the government’s Help to Buy Bill, Australians could become slaves in their own homes. We cannot wait for this bill to be passed and a minister to make a decision later down the track. These matters must be clarified and explained in the bill. Homebuyers and taxpayers deserve to know what the risk is here.
Secondly, let’s look at some criteria. The eligibility criteria are clunky and don’t cater for differences between states. The maximum income is set at $90,000 for singles and $120,000 for couples. This is despite the average house price and the required mortgage varying hugely between states and between towns. In Darwin, the average house price is $504,000. In Sydney, it’s $1.2 million, more than double, yet the same income thresholds apply. The price thresholds are not available in the bill, and it appears the government has not yet published thresholds. When it comes to the housing crisis, one size doesn’t fit all, yet that’s exactly what this bill tries to do. We’re just meant to pass the bill as a blank cheque and trust that the bureaucrats and the minister will get it right down the road—maybe.
Thirdly, let’s look at the constitutional basis. This bill is completely outside the federal government’s power. Some reviewers have said that Help to Buy is built on a ‘complex constitutional foundation’. That may be the understatement of the year. Put very simply, under the Constitution, this is not the federal government’s job. To make this bill legal, there are a huge number of constitutional headaches, state government agreements and transfers of powers. Federal parliament simply shouldn’t be dealing with this. It’s outside of the powers granted to us under the Constitution.
https://img.youtube.com/vi/FW4fzjmfTTc/maxresdefault.jpg7201280Senator Malcolm Robertshttps://www.malcolmrobertsqld.com.au/wp-content/uploads/2020/04/One-Nation-Logo1-300x150.pngSenator Malcolm Roberts2024-12-05 14:05:002024-12-05 16:19:42Labor’s ‘Rent to Buy’ Plan Will Increase Housing Prices
Renting is a big issue for Australians. Rents are going up and finding a rental home is growing more difficult.
Listening to everyday Australians across regional Queensland in recent weeks, what I heard most about rent controls was how much damage they do.
A rent cap actually damages before it’s introduced.
The Greens announced they’re pursuing rent caps, and the reaction has been immediate. Landlords all over the country are now furiously putting up rents ready for the freeze.
https://i0.wp.com/www.malcolmrobertsqld.com.au/wp-content/uploads/2023/05/160523-Capture.jpg?fit=596%2C525&ssl=1525596Sheenagh Langdonhttps://www.malcolmrobertsqld.com.au/wp-content/uploads/2020/04/One-Nation-Logo1-300x150.pngSheenagh Langdon2023-05-17 10:55:212023-05-17 11:11:05Join me this Saturday at Parkwood Village to talk about fixing the Housing, Rental and Congestion Crisis.
Has your rent gone up in the previous year? Well you can thank Anthony Albanese. He’s bringing in up to 400,000 immigrants a year and every one of them needs a house too.
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.
