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Greetings folks,
As per the question, how does one get involved with a lobby group? Reason for the question is because like most, I'm tired of this property crisis and I really feel we should do what Canada did and cut off foreign purchasing to our real estate industry as this will bring down the pricing of housing and potentially even your rent.
Thanks
You can try getting involved in your state's tenants union. They're usually the ones pushing for more controls on foreign/corportate ownership and short stay rent.
I looked up my local one looks like they only have 200-300 members based on their finances so you could make a big difference. Might consider it.
Any reduction in foreign investors will be made up for by local ones. The issue isn't just that property can be bought by people overseas, it's that housing is a commodity at all. Ideally the only home people would own would be the one they live in, but to get there politicians would have to not be so deeply involved in the real estate game. Unfortunately for those of us who rent, or who are stuck with a mortgage we can't afford, this unsustainable housing price increase is exactly what a lot of people want.
as this will bring down the pricing of housing…
Most Australians don’t want this. 2/3rds of Australians are in the property market. They all want housing to keep going up. W
No, they want security in their equity; it is disingenuous to conflate the two
Na, @BillStickers is on the money. Security in equity is a good baseline everybody is happy to accept, for sure. But all you have to do is observe house owners subtle, but unmistakeable glee as they see their home values rise. 'I got my home valued for $xxx,xxx', isn't an uncommon bbq brag after all.
For a lot of people, the family home is the only investment they have outside of super. They’re estatic as it goes up.
Don’t get me wrong, It’s unsustainable that house prices double every ten years when the price of money only doubles every twenty years. But whilst it does nobody wants to rock the boat.
How do you think so many people afford 80k+ cars? They use the equity in their property and only have to pay mortgage interest rates on it (over the mortgage term too,not a 5 year car loan). Not growing equity will mean they can’t get the 4WD, boat and pool of their dreams.
There’s a strong incentive for the landed gentry to keep the status quo.
I wonder about making overseas property buying reciprocal.
Country A permits Australians to buy there then they can buy here.
Country B does not permit Australians to buy then we reciprocate and they are out of the game.
Obvious concerns are straw-man buyers and buying through companies but I'm certain that folk cleverer than me could work out how to resolve these.
I suspect greedy REAs and politicians can and will circumvent whatever is implemented.
What do you want a lobby group to do for you? You can lobby yourself, spam the members of parliment. change.org, etc. Most people started off as renters at one point, they may not benefit but they'll understand.