Housing is Cooked: How they sold out Australia | The West Report

🏠 Australia’s Housing Crisis: Who’s Really Calling the Shots?

Aussies are being priced out of their own country while foreign investors and institutional landlords laugh all the way to the bank. The latest move? Tax breaks for BlackRock, Vanguard, and offshore billionaires to snap up housing stock, turning home ownership into a distant dream for young Australians.

Meanwhile, the pollies in Canberra. Labor and Liberal continue to prioritise donors over democracy. Want to buy a house? Good luck competing against super funds and overseas investors who don’t even live here. Want affordable rent? Too bad, the system is rigged to keep you paying off someone else’s mortgage forever.

David Pocock is asking the right question: is housing for wealth creation or strong communities? The answer, if you follow the money, is pretty clear. The real fix? It’s staring us in the face, but there’s no political will to make it happen.

#HousingCrisis #AusPol #RealEstate #BlackRock #Labor #Liberal #MichaelWest

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Michael West

Michael West established Michael West Media in 2016 to focus on journalism of high public interest, particularly the rising power of corporations over democracy. West was formerly a journalist and editor with Fairfax newspapers, a columnist for News Corp and even, once, a stockbroker.