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So many problems here, it's tough to know where to start. Lets ignore the tax incentives investment properties and everything else and focus on purely supply +

So many problems here, it's tough to know where to start. Lets ignore the tax incentives investment properties and everything else and focus on purely supply + demand: - Immigration at 659,000 people[0] - Natural Births at 315,705[1] - Housing + Unit construction at 180,000[2] Assuming number of births is roughly consistent with number of people wanting to move out(I suppose there's about a 20 year gap, so lets say 250k, thats how many babies born in 2004), then there's roughly 909,000 additional people each year requiring housing, and 180,000 units of housing being constructed each year. Then you have to wonder how long this deficit has carried on for, and just how much longer it can go on. Something has to give eventually. I just hope we don't end up voting for nutjobs who capitalize on the fact the two main parties seem to not care about this at all because they all personally benefit from this situation. [0] https://www.theguardian.com/australia-news/2024/mar/21/migration-numbers-australia-2023-rise https://www.theguardian.com/australia-news/2024/mar/21/migra... [1] https://www.aihw.gov.au/reports/mothers-babies/australias-mothers-babies/contents/overview-and-demographics/state-and-territory https://www.aihw.gov.au/reports/mothers-babies/australias-mo... [2] https://hia.com.au/our-industry/newsroom/economic-research-and-forecasting/2024/01/australia-is-not-commencing-enough-housing-to-meet-1-2-million-target?srsltid=AfmBOoqNImjiBUYj3SNPz8Swiueaeu88KkAYhG3xvUAIEdRH8n6C7F_x https://hia.com.au/our-industry/newsroom/economic-research-a...

exclipy 2y ago
But how many people are dying and emigrating?
- Andaith 2y ago
  Great Question! - There were 190,939 deaths in 2022, almost 20,000 more than 2021.[0] - Migrant departures decreased 2% to 219,000 from 223,000 departures a year ago.[1] So, about 400,000. I guess adding that all up, we have 509,000 net additional persons requiring housing, vs 180,000 additional housing units being produced. So, about 2.8 people per housing unit. So I guess the next question is, how many people live per housing unit, on average? ABS Knows: > In 2046 there are projected to be between 2.4 and 2.6 people per household on average[2] There's still a bit of a discrepancy there, but nowhere near as bad as I thought initially. I'd guess the only question left is "how many people would prefer to live in a less crowded house, if they were financially able"? [0] https://www.abs.gov.au/statistics/health/causes-death/causes-death-australia/2022 https://www.abs.gov.au/statistics/health/causes-death/causes... [1] https://www.abs.gov.au/statistics/people/population/overseas-migration/latest-release https://www.abs.gov.au/statistics/people/population/overseas... [2] https://www.abs.gov.au/statistics/people/population/household-and-family-projections-australia/latest-release#households https://www.abs.gov.au/statistics/people/population/househol...
arresin 2y ago
We are on track for a million immigrants this year without the infrastructure or housing for our current population. > Migration arrivals rose by a third compared with the previous year to hit 765,900, driven by international students and workers on temporary visas, while departures slipped to 217,100. We are just next door to Asia with many billions of people and the massive Chinese economy. Meanwhile we’re at 26 million for the entire country. International students and economic migrants price locals out of housing (during covid rents were at all time lows relatively), hammer infrastructure and receive the benefits of the Australian social safety net (medical, etc). All this happens because we have a kind of entrenched criminal crony class who actively want this. Corruption is absolutely rife and practically omnipresent in this country but it’s not seedy gangsters with briefcases full of us currency, it’s a couple of “mates” giving each other ”favours”.

exclipy 2y ago

But how many people are dying and emigrating?

Andaith 2y ago
Great Question! - There were 190,939 deaths in 2022, almost 20,000 more than 2021.[0] - Migrant departures decreased 2% to 219,000 from 223,000 departures a year ago.[1] So, about 400,000. I guess adding that all up, we have 509,000 net additional persons requiring housing, vs 180,000 additional housing units being produced. So, about 2.8 people per housing unit. So I guess the next question is, how many people live per housing unit, on average? ABS Knows: > In 2046 there are projected to be between 2.4 and 2.6 people per household on average[2] There's still a bit of a discrepancy there, but nowhere near as bad as I thought initially. I'd guess the only question left is "how many people would prefer to live in a less crowded house, if they were financially able"? [0] https://www.abs.gov.au/statistics/health/causes-death/causes-death-australia/2022 https://www.abs.gov.au/statistics/health/causes-death/causes... [1] https://www.abs.gov.au/statistics/people/population/overseas-migration/latest-release https://www.abs.gov.au/statistics/people/population/overseas... [2] https://www.abs.gov.au/statistics/people/population/household-and-family-projections-australia/latest-release#households https://www.abs.gov.au/statistics/people/population/househol...

arresin 2y ago

We are on track for a million immigrants this year without the infrastructure or housing for our current population. > Migration arrivals rose by a third compared with the previous year to hit 765,900, driven by international students and workers on temporary visas, while departures slipped to 217,100. We are just next door to Asia with many billions of people and the massive Chinese economy. Meanwhile we’re at 26 million for the entire country. International students and economic migrants price locals out of housing (during covid rents were at all time lows relatively), hammer infrastructure and receive the benefits of the Australian social safety net (medical, etc). All this happens because we have a kind of entrenched criminal crony class who actively want this. Corruption is absolutely rife and practically omnipresent in this country but it’s not seedy gangsters with briefcases full of us currency, it’s a couple of “mates” giving each other ”favours”.