The Australian Dream Has Died, Housing Too Expensive

I agree with you, there is a lot of truth to that.

I see evidence of this in the U.S. also. While cities can be built in many places, it seems the biggest cities were built in the most optimal places. Access to water, transportation by water, and even the places that had the most pleasant climate, were considerations.

I do know Australia's Central North coast region is very unpopulated and has a lot of potential, sources of water do exist there. But it has low rainfall and high evaporation, so irrigation would be very necessary for any agriculture. It is also remote, very far away from the rest of Australia's population centers.

 

How very outback of you!

 

Desalination is very energy-intensive and expensive. It's actually not easy to separate out salt from large volumes of water.
Solar desalination probably would make the most sense in Australia.

There is also a new technology which has been developed within the last couple of years called "electrochemically mediated seawater desalination", which supposedly uses 60% less energy.

 

I agree its not as efficient as utilizing ground or fresh water sources. Yet Israel supports 60-80% of their population --554,657 people at a minimum--with desalinated water--. The coastal stretch in the vastly unpopulated areas of the outback obviously has a huge source of sea water, could support communities on the coastline and transport more water into the communities inland that are struggling for access to clean water. It could be a long-term investment for jobs, land settlement, industry and perhaps even agriculture or ranching as technology is improved.

 

Chinese investors and wealthy Chinese buying up second homes is also a factor, but that's mostly only in Sydney and Melbourne.

In my opinion, this is ultimately the result of a long term trade deficit the U.S. has had with China over the last 25 years.
All that money the U.S. was sending to China to buy consumer goods, what did you think the Chinese were eventually going to do with it?

Already over 14% of Australia's agricultural land is foreign-owned.
More than 5% of the capital in Australia's mines are Chinese owned. Perhaps higher than that because Chinese investment companies own shares in mining companies indirectly or secretly.

 

((((Sigh))). Do you think we haven’t looked at the economics? Do you think we haven’t tried? There are plenty of mining towns out there that have put in infrastructure but there is just not enough people willing to leave the big cities. Why do you think Aus govt has a fast track for immigration if they are willing to live rural and remote? I know I lived rural and remote for years, and in our town we had people from every corner of the planet. The local Mac Donald’s was known by the the Philippine community as the “Philippine Embassy” because of the number of Philippine staff working there. Bloody hell! Alice Springs has a huge African community! But the issue is and always been infrastructure. Especially health care. A few years back I read a story on how expensive it is to maintain medical support in some of our more remote communities - one doctor position - over a million per year as they were short term contracts on “fly in fly out”.

https://www.wa.gov.au/government/me...ring-strong-future-for-the-Kimberley-20230511

 

Keep up old mate

THE Chinese real estate market just died in the bum. https://www.afr.com/world/asia/why-china-s-property-market-is-in-freefall-20221004-p5bn4q
They will be pulling back from overseas investment

 

I recall seeing something about this.

Apparently the actual numbers of people are WAY BELOW the OFFICIAL counts.

Those massive apartment blocks were built on the official counts but it turns out those people just do not exist.

On top of that China's population is heading towards a decline.

I can understand why the CCP is so keen to corner the EV market and Green Energy. Those are SUSTAINABLE industries in the future as opposed to LEGACY automakers and Fossil Fuel energy production.

 

Gosh... so importing huge numbers of immigrants into a country that didn't take any measures to support that immigration is causing growing pains. Who could have predicted that?? Perhaps the Australian government has some major explaining to do... Maybe, the people of Australia are being taken advantage of by their political leaders who seem to be amassing astounding wealth at the same time...

So, dear australian posters, what is the solution then? Stop immigration? Push more resources into housing in contravention of the green laws that seem to be stopping new housing projects? Perhaps invest in the infrastructure to support all of this?

Or are we just going to blame air BnB which doesn't support the service industry workers unions??

 

Ummmm which Aus Pollies are making Money off of this??

 

I have never heard about the Australian Dream. Australia is so dissimilar to America since the nation's founding. There are some reasons behind the country's housing crisis. On one hand, Australia disinvested in social housing and other forms of housing that are affordable. Social housing is reduced to less than 4% of the entire housing market because Australia's Labor Party is rarely in power to implement this kind of socialist policies. Labor is now committing $10 billion in an off-budget fund to support a housing program.

Australia needs to triple its small stock of social housing over the next 20 years to cover both the existing backlog and newly emerging need.

https://theconversation.com/austral...-by-2036-this-is-the-best-way-to-do-it-105960

 

IN MY OPINION... not long after Hunter Biden is indicted......
and Joe is pushed out of the 2024 election.........

then interest rates will fall............

and corruption at all levels of government will be exposed........

and voila.....

we will go into the most massive REAL ESTATE BOOM THAT AUSTRALIA AND THE USA AND CANADA AND ISRAEL HAVE EVER SEEN!!!!!!!!!!!!!!!!!!!

More information on the why and the HOW can be viewed here.....
http://www.politicalforum.com/index.php?threads/best-idea-for-a-better-canada-contest.589554/