Sky News host Peta Credlin says the housing crisis is hitting landlords as a 30 per cent “jump” is showing investment properties are being sold off over a rise in “taxes” affecting rental market availabilities.
“The housing crisis – we talk about this a lot, we know it is predominantly supply,” Ms Credlin said.
“What I don’t understand, the dance the left is doing, and Labor is doing it, the Greens are doing it at least overtly, Labor is doing it covertly about getting rid of negative gearing.
“We find because of all of the taxes now … hitting landlords, there has been a 30 per cent jump in landlords selling off their properties.
“They are saying, ‘just can’t make it work anymore, we’re walking away’, now this is a reduction in the available pool, and we have got record migration, and Labor’s Help to Buy scheme, of which then the Labor party owns 40 per cent of your home, God forbid, that is being held up in the parliament.”
source
If they drive on nsw roads they will fall apart. Victoria doesnt want those idiots in our state.p off
Peta for pm
Can anyone blame landlords for divesting themselves of what is becoming a noose around their necks?
This labor government is good at producing last long jokes
Solar panels on the roof
Who Ever is Demanding this by the Defence Department should be SACKED. They ALL need to Go.
landlords use greed to enrich them selves at the cost of other citizens
Why would you rent in Victoria with Dan Andrew’s COVID tax on landlords only
Young couples have to realise they have to start off with a doer upper and work their way up. Get in the market as cheap as they can so they aren’t paying all their repayments on interest. Paint, putty and get the yard looking nice. You can put $30,000 on the property in a year.
IT'S NOT FUNNY !
Labour has to go
People are sensing an incoming Labour government – they will go after the easy targets regardless of the harm it does to society, "successful" = "bad".
Seriously, I'm in the UK and seeing the headlines in Australia its like I've gone back in time 6 months. Everything that happened here is happening there with a lag.
I cant keep up
All alaustralia should protest every weekend in every state for rent and immigration freeze and for early election. People protesting in Ireland 🇮🇪 and the government started to listen
I know where you can plug your EVs in… up Greta's bum
Newsflash:
This Govt has been in since 2021………………….what did you lot do last 10 years? And will you do next 10? Under the doona analogy comes to mind? Voting for NEXT!
Housing crisis from Albo mass immigration, but you ain’t seen nothing yet if negative gearing goes. Keating back in the 1980s, negative gearing repealed, housing and rental crisis resulted, negative gearing reinstated two years later. We now look set to have a hosing crisis multiplied by another housing crisis, both homemade by Albo.
This is a Labor created housing crisis – from the federal governments excessive immigration policy to the Victorian governments land tax attack landlords are selling their rental properties in droves. If you have no where to live and are paying higher rents – blame Albo and his Labor mates, not your landlord.
I still recall some Colonel from Robbo, cancelling the Alphabet Rainbow Morning Tea, at DEB here in the Territory, hilarious, he wasn't having it.
Land tax is exorbitant, and then landlords have to comply with 5,342 requirements or they are at fault, tenants can take a sledgehammer to your property and insurance will say 'nah, that's just fair wear and tear', and then tradies jack up the price of repairs by 300% because it's assumed you're negatively geared, so can claim it on tax.
Why bother with the headache when you can bank the money and just claim interest
Supendisng immigration is the only soultion for rental crisis, not supply
best video out right all YouTubers should watch this
conmen Gov
If a property investor sells either a renter buys which reduces demand on rental or a new property investor buys in which case there is no actual impact. Negative gearing is a tax reduction vehicle and is effective for really high income earners not for average wage mum and dads. People who don't benefit from it and cant really afford to make a loss are conned into NG everyday and end up selling at a loss, that's there issue not ours.
Peta I thinl you were right the first time. Anyone that gives away the rights to our country for Aboringinal votes should be moved on.
EV battery swap stations are needed . Change for full battery ,done in 5 minutes. The cars need an engineering overhaul
The Albatross government. I guess the Australian PM can't drive an Australian built car because Labor and the unions drove the automotive industry out of Australia.
Over the long term you will make money out of the share market, so why give yourself a headache trying to conform to the Labor/Greens insanity. When 50% of the rental stocks are gone, what will the Labeens say then? Where will the theyems live then? Will they celebrate their cleverness while living on the streets of Newtown?
Owning your own home is already a noose atound the neck with all the ridiculous costs of council tax, insurance, water rates etcetera.
Scott Morrison is worse and the worst.
1400 builders went bust in the last 12 months . New supply? Out of a can? Who's left to build the rubbish they've dished up in the last 20 years?
Save the inverment