Australia's real estate industry is the go-to sector for money laundering and more professionals should be compelled to report dodgy transactions, an anti-corruption group says.
The federal government thinks it might be. Real Estate Institute of Australia denies it.
If you’re debating/interviewing someone in a position of power about housing policy, the first question you should ask is “Do you want house prices and rents to fall?”
Maybe follow up with, “And if you agree they need to fall, by roughly what percentage do you think they should fall over the next 12 months?”
Most politicians and property industry spokespeople will dodge the question, because at the end of the day they don’t actually want prices to fall.
If they won’t give you a straightforward ‘yes i want them to fall’ answer, any subsequent arguments/debates about HOW to improve ‘affordability’ might not be worth having with them, because those kinds of people will never support any policies that would put significant downward pressure on property values.
Former Councillor Jonathan Sriranganathan, in a Facebook post of 30 June, 2023.
Former Councillor Jonathan Sriranganathan, in a Facebook post of 30 June, 2023.
The first question you should ask anyone is “How many properties do you or your family own?”
Nearly half of the MPs have investment properties. Of course they won’t want any policies to reduce property price growth.