Housing Crisis Making Aussies Mentally Ill! By Brian Simpson
The immigration lobby, both in Australia and the overseas neo-colonialism wing, are crying about the small cuts in the international students, where some universities were composed of 50 percent foreigners, and some classes being conducted in Mandarin. This is open colonisation and the Great Replacement on steroids. As detailed by James Reed's article at the blog today, "The International Student Lobby Freaks Out!" the lobby is terribly upset by even the token cutbacks. Albo was starting to get worried in the lead-up to the coming election. So worried that he is set to forgive student HELP debt to the sum of tens of billions of dollars to "buy" the votes, what else could this be? Meanwhile the homeless are still homeless and the accommodation crisis continues, produced by the evil mass immigration Great White Replacement program.
Even the present skyrocketing rise in property prices, produced by the logic of supply and demand, with mass immigration delivering the demand push, is starting to impact upon the mental health of those seeking a home. In this respect, people of today, while being bathed in technology, still miss out on fundamentals. The feminist/women's lib revolution has led to the "end of men" as one book puts it, with many men not being able to have a wife and family; indeed, even a girlfriend is becoming a difficulty. And to get to first base a home is need, but homes are fast becoming a thing that only the already wealthy, such as migrants, will have.
The average Australian is really worse off than a person in pre-modern times, say the medieval period. All we have is advanced medical treatment, if you can get a doctor, and if you can afford it, and if you are not killed by the treatments based around the brews of Big Pharma. The world we have lost, or rather has been taken from us: everything making us human, replaced by a machine reality imposed by the Dark Lords. It is a modern version of The Lord of the Rings.
"Would-be property buyers are reporting high levels of stress and uncertainty, as home values continue to rise, according to the latest Realestate.com.au Property Seeker Survey.
Across Australia, buyers' main concerns are cost of living, property prices, and rising interest rates, all of which are influencing the timing of their property plans.
While markets have faced periods of uncertainty in 2024, values continue to grow, with the latest PropTrack home price index hitting new record highs in October. This has contributed to the majority of buyers feeling now is a much better time to be a seller than a buyer of property.
Would-be property buyers are reporting high levels of stress and uncertainty, as home values continue to rise. Picture: Newscorp- Daily Telegraph / Gaye Gerard
Survey respondents also held a dim view of interest rates, with more than half expecting further RBA hikes, rather than the cuts that economists are widely predicting in 2025.
PropTrack senior analyst Karen Dellow said that despite the buyer negativity, spring 2024 has been a particularly strong selling season, with "record new listing volumes and strong sales throughout September and October, demonstrating that despite higher interest rates and home prices, buyers are still willing to engage in the market".
"Sales rose by 4 per cent in September compared to the previous year, and the first few weeks of October exhibited positive year-on-year growth, indicating a higher number of buyers in the market this year," Ms Dellow said.
"Although transactions are still happening, many respondents stated they were in a worse financial position compared to 12 months ago.
"More than a third of buyers in NSW reported being financially worse off, compared to 29 per cent who said they were better off."
Ms Dellow said rent and mortgage payments were both significant financial burdens in NSW, where both cost more than other states.
"On average, 27 per cent of income is spent on rent or mortgage payments; however, 41 per cent of respondents spend a third or more each month," she said.
"Largely due to increased interest rates, 49 per cent reported paying more on their mortgage or rent than a year ago."
Nearly two-thirds of NSW buyers expect further growth in the year ahead, with 30 per cent nominating creating wealth through buying property as their main motivation for buying.
In Victoria, sales rose by 18 per cent in September compared to the previous year, and October's year-on-year growth also indicated a higher number of buyers in the market.
"However, 40 per cent of buyers reported being financially worse off, compared to 24 per cent who said they were better off," Ms Dellow said.
"On average, 25 per cent of income is spent on rent or mortgage payments; however, 40 per cent of respondents spend a third or more each month.
"An increase in property prices is also expected in the coming year, with 60 per cent expecting to see further growth.
"Buyers remain apprehensive about the current property market and are experiencing more financial pressure compared to a year ago."
Comments