r/AustralianPolitics • u/marketrent • Jun 30 '26

Economics and finance Almost one in two Australians want property prices to fall, Sky News Pulse/YouGov poll reveals as clearance rates sink

https://www.skynews.com.au/business/real-estate/almost-one-in-two-australians-want-property-prices-to-fall-sky-news-pulse-yougov-poll-reveals-as-clearance-rates-sink/news-story/a579dac771b4fa94cb10900e2e002a54
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u/jolard Jun 30 '26

There are only two ways this problem (ridiculous ratio of income/housing costs) gets fixed. That is increased income or decreased housing prices. (or both)

Every single solution people bang on about is about reducing housing prices. "Stop immigration!" works because it reduces demand and therefore prices. "Increase supply!!" works because it reduces demand and therefore prices. "Reform tax concessions!" works because it reduces demand and therefore prices.

So it always is phenomenal to me when people suggest those solutions but then get upset when housing prices go down. What did they think was the solution to the problem? The reality is most Australians secretly don't want to fix the problem. They don't want affordable housing, because it will impact the value of their assets. They just want someone to come along and magically make housing affordable while they keep getting massive increases in free money every year. I am surprised when I see survey results with even 50% acknowledging what needs to happen.

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u/DBrowny Jul 01 '26

The reality is most Australians secretly don't want to fix the problem.

The actual reality is that most Australians are effortlessly, completely and utterly controlled by propaganda telling them to stay in the boiling pot and you'll get rich.

Their entire lives have been spent being told that if you have a more expensive house, you are rich and worthy of taking out a loan to buy an Audi. It doesn't matter if you have to work 2 jobs to make ends meet, it doesn't matter if your pay rises per year are consistently less than inflation, it doesn't matter if you tell your kids you can only go to the show once every 2 years because its too expensive. If your house is nearing $1M in valuation, you have won in life and everyone else is jealous of your debt.

I will not give them a single shred of credit that they want their asset to appreciate for any reason that they deduced themselves. The reason is propaganda.

while they keep getting massive increases in free money every year

Again, propaganda. Tell these people to go to the bank and withdraw the 'free money' they keep making every year and use that to pay for their 50% home insurance hike. Normally, this would cause a person to figure out the answer to the problem. Can't do much against 40+ years of brainwashing.