Australian Living standards in Terminal Decline since 1990
(files.catbox.moe)https://files.catbox.moe/4yo40o.PNG‘Absolute betrayal of the people’: Australian living standards in ‘terminal decline’, economist Bob Carr warns Australia is on track to “obliterate” last year’s record immigration and it’s causing living standards to collapse, an economist warns.
NSW Premier Chris Minns last week blamed the astronomical cost of housing for “many just up and leaving” over recent years, and warned the cost of the mass exodus will be severe.
2003 was the last year most property was affordable for most Australians, the median house price on the East coast just increased from 1.3M to 1.6M in January 2024.
“Net overseas migration was actually 176,000 but you lost some residents to other states,” he said. “NSW housing stock only increased by 44,000 over the same period
Supply and demand will make all the senators rich with their housing potfolios and negatively geared assets, reinvesting equity form prior real-estate purchases.
Under the old migration quote we need to make 240K homes nationally p/y, last year we made 170K poorly constructed shitboxes.
The problem is billionaire political donors have a short circuit in their brains, and all they want is unlimited population growth to grow their wealth
