House prices

sameaswas wrote:

monkeyboy wrote:

Quite an interesting deep dive is available for immigration stats; like numbers (permanent migration v temporray visa), skills, countries. https://www.homeaffairs.gov.au/research-and-statistics/statistics/visa-s...

Interesting stats there mb, could you try to find the financial threshold required for all these "skilled" migrants that are flooding our shores?

I read somewhere they MUST have a minimum of $2000,000 cash b4 even bothering to apply??

Nothing against migrants, one meself, however it seems to me the main reason is to prop up the banks houseing ponzi scam and all, harvey norman etc, oh i allso read there are pollies current and ex who own up to 200 investment properties???

Wonder if they are cashing in ther r.e. investment properties? and the cashed up foreigners are the buyers, cos locals can't.????

There's a challenge for someone with good comp skills to look into? good luck trying...ha!

I am pretty sure the points system doesnt have a financial requirement. Skilled migrants are quite alow percentage of the migrant intake - the higher percentage is temporary migrants who then become permanent. Most temp migrants appear to be people on work visas (employer sponsored) and kiwis.

That was my read anyway. Would need to dig more but to what end I have none; it is what it is and I work with plenty of "migrants" and they are awesome people who are very grateful to be here.

“It is what it is”.

Unless you want to try to change it.

monkeyboy wrote:

sameaswas wrote:

monkeyboy wrote:

Quite an interesting deep dive is available for immigration stats; like numbers (permanent migration v temporray visa), skills, countries. https://www.homeaffairs.gov.au/research-and-statistics/statistics/visa-s...

Thats the "old" system and still current for seasonal workers etc.
The "new" system is$200,000 cash and if islam access to interest free loans for r.e.

Interesting stats there mb, could you try to find the financial threshold required for all these "skilled" migrants that are flooding our shores?

I read somewhere they MUST have a minimum of $2000,000 cash b4 even bothering to apply??

Nothing against migrants, one meself, however it seems to me the main reason is to prop up the banks houseing ponzi scam and all, harvey norman etc, oh i allso read there are pollies current and ex who own up to 200 investment properties???

Wonder if they are cashing in ther r.e. investment properties? and the cashed up foreigners are the buyers, cos locals can't.????

There's a challenge for someone with good comp skills to look into? good luck trying...ha!

I am pretty sure the points system doesnt have a financial requirement. Skilled migrants are quite alow percentage of the migrant intake - the higher percentage is temporary migrants who then become permanent. Most temp migrants appear to be people on work visas (employer sponsored) and kiwis.

That was my read anyway. Would need to dig more but to what end I have none; it is what it is and I work with plenty of "migrants" and they are awesome people who are very grateful to be here.

Thats the old system for seasonal workers etc, permanent is $200,000 cash and if islam access to interest free loans.

With inflation coming in hotter this week both here and in the US, the old 'no they won't, yes they will' game takes a familiar turn. Again.

https://www.afr.com/policy/economy/rba-to-lift-cash-rate-to-5-1pc-says-t...

"“The RBA’s strategy this cycle doesn’t seem to be working,” Mr Hogan said.

“They were hoping we could do less than the rest of the world because we were more exposed to the nominal channel of monetary policy through variable rate mortgages … We just need to now get up to the [cash rate] level that other countries are, at 5 per cent.” "

Meanwhile, reports from cafe ground zero:

https://www.news.com.au/finance/business/other-industries/grim-ad-shows-...

That stainless sink & bench looks nice - could leave outside and lay glass panels on that.

In Melbourne, begun the yimbynimby wars have:

https://www.theguardian.com/australia-news/2024/apr/17/housing-advocates...

velocityjohnno wrote:

In Melbourne, begun the yimbynimby wars have:

https://www.theguardian.com/australia-news/2024/apr/17/housing-advocates...

And who will build all these houses/apartments? At these insane, inflated costs?

https://www.abc.net.au/news/2024-05-06/new-laws-to-stem-money-laundering...

Could it be? Is something being done about this at last?

"AUSTRAC estimates that, in 2020 alone, criminals linked to China laundered $1 billion through Australian real estate."