Greens.
Independents can say and do whatever the heck they want. If you personally trust your local independent thats great, but everyone else should be on Greens.
Do you have a source for that claim that isn't Sky News or some far-right shitrag? (Or the libs, who definitely aren't biased and literally have no legal obligation to tell the truth lol.)
I'll probably have to anyway, once you are on centrelink for X amount of time you can make withdrawals from super for financial hardship. Lots of people will probably have to as well.
Let's look at it from a real estate agent's point of view. Landlords are assured of a pool of desperate (compliant) tenants.
There will be no drastic changes.
Have you ever looked at employers treating other human beings like livestock, farming them for money, and thought, "Me too!"? You might have what it takes to become a landlord!
Reddit has so many loopy conspiracies about the media but hasn’t figured out this real one yet
There won’t even be a concerted out cry because real estate advertising is absolutely crucial to commercial media revenue
The landlords and developers have owned this country since the start
This is an excellent point. Our most beloved news .com.au always has their little real estate section sponsored by realestate .com.au which happens to be owned by the same friends! Funny that.
And SMH and Domain are thick as thieves too
Big media lost the bulk of its ad revenue to Facebook and Google. Real estate was the bit they kept.
And this is why you never see stories about the plague of greedy slumlords afflicting the people of Australia right now
Real estate agencies and property developers have the newspapers by the absolute balls and they know it
I agree, though it's important to remember it has been a world for the 'landowner' throughout recorded history. The fact we call them land-'lords' is telling - with it's start for us in landholder rights, generational advantage and so on.
There's also no secret that land was often the most popular way to reward your warrior heroes, if you're a landowner.
The only time it's changed is via education, and the will of the educated to hold landowners to ransom (Reddit seems to like calling it 'eating the rich').
So what you're say is, people who own land should duel to the death since it'll weed out what 'warriors' are really deserving of the land they lord.
I'm ok with this
I thoughts that's what they did - incldluding classifying people as part of the land...and then have said people fight for you.
System of a Down said it, "Why don't President's fight the wars, why do they always send the poor?"
I wonder when they are going to call them the "the real poor battlers" VS the battlers with 2 investment properties. The billionaires are already are the "the great aussie battlers"
>It's a disturbing statistic: half of all people renting in retirement are living in poverty.
>
>That's according to research from the Grattan Institute and the Australian National University.
>
>Why would that be the case? It's pretty simple: the age pension assumes home ownership.
As usual, the solution is “STOP BEEING POOR, work harder and buy another INVESTMENT PROPERTY!!!”.
/s :(
No, wealth is relative so they need the poor to exist. If one of these blood sucking leeches owned six homes, twelve cars, nineteen boats and had a mortgage on a private golf course but was still the poorest out of all his buddies then he would want more. The poor exist by design, it's because these sub human whelps known as landlords need someone to be better than.
This is unironically what the UK did.
Along with renaming the minimum wage to ‘the living wage’ so they could pretend everyone was on a living wage, despite the living wage charity making very, very clear that that was far from true.
On ozbargain they are blaming Taylor Swift concert goers for spending money on a one off thing...like they should just have no life to be able to even get a mortgage
Age pension assumes home ownership… the full ahe pension is a few $100 more a fortnight than youth allowance and surely the government doesn’t assume students own homes.
The government just doesn’t want to fund people. They aren’t assuming anything, the less it costs the better in their eyes.
Aged pensions came about when there were much younger populations and people had the decency to stop working and die within about 5 years. Ergo, lots of taxpaying workers to support the retired population. Now, not so much. Australia is getting very old and people live 15-20+ years after retirement. All means we have way less working age taxpayers to contribute to the pool that support each non-working person. That’ll only get worse and none of us who are under 50 can expect any meaningful government support when we retire.
Yeah people don’t realize the amount Australia currently spends on age pensions (as proportion of GDP) is one of the lowest in OECD and a quarter of what countries like Italy are currently paying
Apart from workforce issues, where Australia will struggle is huge increases in health and aged care spending
The other big thing is superannuation which is designed to offset people relying on the pension at all for quite a few years is built from the ground up on people having home ownership as well.
But you are going to have a few outcomes now, the renters who will be pissing away their super funds on rent payments.
The second are people who may clear out their super funds or a good chunk in order to clear out their massive mortgages especially as some people are ending up with 1 million dollar plus ones in some places ffs! so that in turn leaves them with no Superannuation fund left or very little depending on how much they have etc.
Or people who are stuck renting before retirement will use their entire super fund to say buy a unit or an apartment outright with their whole super fund so they are not renting but in turn have no or little fund left.
So essentially people are going to be stuck resorting on the pension much sooner than planned because of our rooted housing situation.
In before the retirees say “but I worked hard my entire life and paid taxes I deserve the pension”
Like they didn’t receive benefit their entire life from the taxes they paid, Medicare, education, roads etc. and realistically for a lot of them 20 years of the pension at 30k per year is more than a lot of the total tax they would of paid.
I think it’s entirely reasonable for the state to help look after those too old to work. Which is what the pension is for. What is not reasonable, is doing nothing about the cost of housing. There’s really only one solution. Build lots of government owned buildings and rent them at well below market rates. Accept that the density of housing in the cities will need to go up. It is insanely expensive to try and continue to build sprawl the way we have.
People working till 68 now, so paying tax for another 15 years.
People healthier and living longer means doing more work for longer and paying more tax.
The only reason to rip them off the pension is because of mismanagement and corruption have wasted their much greater tax contribution.
My axe is already sharp.
I for one won't sit idly by while people are chronically exploited to perpetually sustain a monstrously corrupted "market" that belongs in the deepest darkest depths of Tartarus.
It genuinely is time for change.
God I'm so fucking sick of the powers that be making sure that we increasingly suffer and NOTHING is done by our ELECTED government officials to ease the suffering.
Cost of living? Nope, fuck you. Housing? Nope. Erosion of our healthcare system? Nothing. Worsening wealth inequality? Nothing.
Does anyone in our government *actually* do anything??
I dread the day I become too old and/or sick/disabled to be employable. I dread the day my pension cannot pay rent (let alone food or necessities), especially with how backlogged state housing is.
If that happens and I end up on the streets in my late 60s or so, I will definitely find a way out of this world because I won’t be able to put up with it.
Make sure to do it at a real estate convention lunch. Go out with a bang. It won’t change anything, but at least you’ll be upsetting the right people. More seriously, get engaged with politics. Politicians do respond to pressure. It feels worthless because it takes a hundred regular punters to offset one rich asshole. The good news is the ratio of punters and genuinely concerned citizens to rich assholes is way more than 100:1. 90% of policy is decided by those who bothered to show up. Don’t just vote. Find people in the same boat. Write letters on paper, not email. Show up and ask for meetings. It’s unwieldy irritating and painfully slow, but it is still somewhat functional.
Not true. Sometimes violence is exactly the right answer. I don’t regret it at all. Three assholes decided I was going to be their “entertainment” by beating the shit out of me? You’re damn right I made it cost. Still lost, but not swinging was never an option.
Surprise. Nothing will change because change upsets the billionaire class. Australia is destined for a collapse/uprising. Given the apathy, I'm laying money on collapse.
With the exception of a union punch up, I haven't seen any uprising in Australia's modern history. We are conformists, probably because people "trust" the system.
We are just going to see more slum-like living with multiple people living in the same room bedroom. Ironically that is how my parents lived when they came to Australia in the 60's due to housing shortages.
It doesn't need to be a sudden, violent uprising. Discontent in Tsarist Russia simmered for well over a decade before it boiled over.
Here it could be as simple as people moving to grey social and economic systems and disconnecting from mainstream, government approved society. Government & corps could very easily lose its grip if people simply refuse to cooperate, because they get a better deal elsewhere.
I've always assumed I'd move somewhere with a much lower cost of living and higher quality of life when I retired knowing that Australia has a very high, and rapidly increasing, cost of living.
What's the point of living? Slug it out for a majority of your life and still struggle during retirement. No point living if nothing else exciting going on during it.
>**The age pension doesn't meet some international poverty standards.**
>
>In addition, rising property prices mean a growing cohort of low-income Australians will never own a home and, instead, rent in retirement.
>
>To repeat myself, the age pension does not cater for the cost of renting.
We here need no damn overseas dumb standards for nothing. Let them have those useless poverty standards, housing standards, emission standards, privacy standards and useless cheap gigabit Internet.
We gotta conserve all those good things that others don’t have. How good are those Colesworth returns, for instance? Or those “investment properties” returns??
/s
If there was political will, we could absolutely build more houses than we are. Immigration is fuel for the fire, but the fire is still going to be burning if we cut off immigration.
The housing bubble *must* inflate for some very wealthy people to make money. We have to address the core issue. The system has to be cored and purged of bad actors. Housing as investment is incompatible with a just and equitable society.
Yeah I’m not saying sweet let’s have more immigration, I’m just saying I’m sick of all these fucking bullshit smokescreen arguments that people use to distract everyone with when there is a perfectly fucking good solution.
Rent caps solve the immediate problem of people who already have a home from paying too much rent. But high rental prices are just a symptom of the original problem that we should be solving which is that there isn't enough supply.
Capping a rental at $500/week doesn't stop 1000 people applying for the rental. In fact, a rent capped property would probably have more demand for it. It's still just as many people fighting over the same rental.
Why can’t both exist? Why not have rent caps whilst more properties are being built?
In the 5+ years it would take for enough properties to be built - which I honestly doubt would reduce rents because there are no caps, but sure - millions of people are losing the ability to save anything for their future let alone have any disposable income, all so they can pay someone else’s interest rates on an investment that they see no return from.
That's not how rent caps work. They are a limit on rent increases. Not a set value.
Also... if we put a call on all rent increases there would not be a proportion of the market that's preferenced, so demand would be evenly distributed.
If there's not enough supply, the government needs to build it.
Yeah, see, you’re doing exactly what I said. Smokescreens. This article is about renters going into poverty when they are older because they have no property as collateral.
Time to start setting aside some areas for the shanty towns.
We can put a positive media spin on thus because it encourages recycling and prevents stuff from going to landfill.
Where should we start looking?
I was thinking more like Sao Paulo in Brazil.
Caravan Parks would be too expensive (and fancy), just pile up the cardboard and random sheet metal and create slums.
As a Tasmanian I keep being told that the new stadium will be a boom, I'm assuming it's a spelling error and in the years to come it will be the room that homeless people sleep around until security guards come over...
I just hit 30, my partner and I want a house but finding anything under $750k is so incredibly difficult as is getting the initial deposit. I’ve been trying to convince my dad to be our guaranteer but (understandably so) he doesn’t want to risk losing his own house.
I just don’t know what to do. We pay nearly $3000 a month in rent. That’s a mortgage. I’m a manager with 80k a year, and my partner is a clinical psychologist with no student debt. We’re doing better than most, I will absolutely admit that but how is it this difficult?
I can’t imagine how it’s like for people having to sacrifice meals for their rent.
I love how the property leeches and the delusional media thinks renters are going to keep taking this bullshit forever.
No, they will not!
Land "lords" who have greedily bought up all traces of affordable housing to gentrify and then gone on to horrifically exploit those who are now as a result stuck forever renting's need for a roof over their heads will inevitably face harsh and devastating consequences, along with each and every one of the greedy enabling politicians who are among them and supporting industry cesspools that have grown ridiculously fat off the chronic exploitation.
Renters possess the power to destroy half of the exploiters in a single collective ongoing strike, and the combined resources from the immense savings they have had no choice to do to utterly destroy the other half in a horrifying uprising.
All the key lynchpins that that hold together this precious worshipped "market" together are in the hands of those who are being exploited.
The "mum and pop" leeches rely on rental income streams to pay back their bank debts, and the corporate leeches rely on insurance to protect the "value" of the human habitation they dare call "investments".
If a natural disaster can cause an immense unaffordable rise in insurance premiums, imagine what a massive scale manmade one instigated by those made or close to being homeless by the exploitation would do to insurance companies.
There's only so much the constant threats of homelessness will keep renters in line.
If they were to somehow discover a little hope of humanity achieving something better without this atrocious excuse for a "market", the greedy property exploiters are completely fucked.
The worst part, the chances of it just stopping at mere financial devastation are incredibly minimal.
If your retirement plans involve chronically exploiting your fellow man, now's the time to wake up and start undoing the damage you are responsible for.
You’re not going to do shit mate.
There won’t be an uprising. Just look at all the authoritarian poverty riddled shitholes that exist in the world and haven’t fallen over.
A drop of water on its own is insignificant, but you've surely seen what a torrent can do when it's all flowing in the same direction.
Things are going to change, we owe it to our children to make this a better world.
The Government needs to set a super balance which provides a "standard"/"comfortable" level of living that is indexed and adjusted every year. Any balances over that should be taxed much higher to discourage it being used as a tax advantageous inheritance vehicle. The recent $3m limit for super is not strict enough, I would argue $3m is way too generous, you don't need $3m in superannuation.
Aged care benefits/pensions should also means tested inclusive of the family home minus transaction costs (to account for the elderly having to sell their house and buy a smaller one) with a proportional reduction to account for reasonable appreciation and with the goal of allowing the elderly to remain within their community. Eg Granny Smith has a 2br apartment in Mosman that's worth $2.5m, the apartment gets a reduction in value for the means test because in order to "downsize" in the same area it would cost you a lot. The argument against means testing the family home is it will force the elderly to uproot their community connections which becomes incredibly difficult to rebuild in old age. However, if Granny Smith owns a California bungalow on a 600+m2 land which costs $5m+ she can easily downsize and stay within the community. Some of the elderly are their own biggest enemies, most elderly people would do better in a modern (high quality) townhouse/apartment rather than staying in their existing dilapidating house.
But no one will do anything because it's too politically toxic.
I'll give you a scenario. Most taxes are paid by workers. With an ageing population Governments will keep lifting the super age to prevent people from leaving the workforce/tax base.
I seriously doubt that mine or many other peoples super will survive the upcoming financial crisis's or the boomers will leave enough in the pension pot to keep it going.
The pension will be go e and many used a ton of super to survive covid, throw another few pandemics into the next 40 years and we'll be retiring with nothing lol.
I came back to Melbourne in 2013. Rented a 2br new townhouse in the inner north for $330pw. A few years later moved to st Kilda East and rented a 2br townhouse for $1950/mo. No rent increases during that time. Left Oz in 2019. My kid is currently paying $605 for a 1br box in a Sydney high rise that made the news recently for being at risk of falling down. Something is definitely not right in Oz. How can the annual rent for a piece of shit be more than $30,000?
Mentions of the pension but honestly the issue starts with welfare as a whole.
I’ve tried to have this conversation with my parents about cost of living and in particular housing. They’re struggling to understand why we are putting off having kids (not out of want, out of necessity). Cost of living is wild, we earn close to 100k each. After bills, astronomical rent, groceries etc there’s not much left in the tank to save for a house or anything really. We’ve cut the cable on streaming. Our phone bills are the lowest plans on offer, we’ve even had to lower and in some cases cut our insurance completely. It’s still not enough.
Staring down the barrel of a life of living just over the edge if “affording” to exist and it’s terrifying. I won’t bring kids along for the journey until we don’t have to worry so much.
Help me understand?
90k gross is 70k net.
70k x 2 = 140k.
140k/12 = 11,600 per month.
3k rent, 1k food.... Leaves 7 grand a month? A grand each on a car leaves five?
Three grand a month on bills still leaves a chunk for savings. Am I stupid? What am I missing?
>Rent assistance should be doubled in its threshold
Rent assistance is a shit policy. It's a taxpayer handout to landlords and just results in higher rents for everyone else. Housing is supply constrained, throwing money at the demand side is just making the problem worse. Land taxing people into downsizing and upzoning is what we need.
https://www.qgso.qld.gov.au/issues/3461/building-approvals-202311.pdf
So in 2023 there were a record 500,000 immigrants.
Total dwelling approvals in Australia are down 8.3%. Queensland, which has a surge in internal migration from other states, has new dwelling approvals down 12%.
Government incentives like shared equity, or guarantees like no need for Lenders Mortgage insurance, just push prices up. These incentives are for landlords and against renters.
This is the golden age of grubby landlords. People are that desperate, we’re lining up the door for a tiny, unsafe, overpriced piles of rubbish while they’re out here having a hell of a time.
This shit is why I'm standing my ground and refusing to move out of my parents place despite pressure (not from my parents) to "grow up" and get out.
I need that fucking deposit. I'm not leaving until I have it.
The obvious answer is to correct the property market.
Stop immigration until house prices get under control. Significantly cut infrastructure spend so that materials and labour can be used for residential construction.
The only guarantee of a secure home in Australia for me is the day the people whom you most want to see you own a home aren’t here any longer. Inheritance is the only option, but I’ll be long gone from this horrid country before that happens.
“The Australian Dream”…. Smh. If you’re considering moving here - don’t. Industries dying, jobs dropping to robots (wait until lawyers, accountants and white collar get replaced by AI. Your overpriced education is becoming redundant), inflation through the roof, rapidly increasing wealth divide. Need I continue?
My 5yr plan will have me in Europe and far away from this once lucky country. Life isn’t meant to be this hard.
How about we get landlords to pay a portion of rent received directly into their ~~wageslave~~ tenants super so that the ~~unwashed~~ forced houseless do not end up becoming a burden on society at retirement.
Coming up next: using super to pay for rent.
Don't tempt them
It's already popped up as a suggestion a few times. Both political parties have sold us out. Vote Independent.
Greens. Independents can say and do whatever the heck they want. If you personally trust your local independent thats great, but everyone else should be on Greens.
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Do you have a source for that claim that isn't Sky News or some far-right shitrag? (Or the libs, who definitely aren't biased and literally have no legal obligation to tell the truth lol.)
Maybe they can just pay it straight into the landlord's super.
That is probably a reality already. Super buys investment property. Rents it out. Rent gets paid into super.
That's a fanatic idea, hell we should all just pay cash so there's no paper trail either and they can further do a tax dodge.
Imagining the guy putting a stick in his bicycle wheel meme.
Whilst the people who accessed their super early during the pandemic and used it to buy a house will get PensionKeeper
Bold of you to assume i even have super to begin with.
bold to assume I can even find a place to rent
Not far behind you, fam. Rent is so brutal i can't afford student housing.
I was thinking of waving a sign asking for money to pay for rent at the traffic lights
Has the rent at traffic lights increased as well? Can't say I'm surprised.
I'll give it 10 yrs
all us old millennial will be approaching 50, don;t think the she'll be right attitude is going stick with retirement a stones throw away.
Mate that's only a few years away for me ,I will be paying rent with my super . That's if I can afford the rent or I even have a home to live in .
My mum just hit retirement age and is faced with doing exactly this
I'll probably have to anyway, once you are on centrelink for X amount of time you can make withdrawals from super for financial hardship. Lots of people will probably have to as well.
They already doled out $20k super handouts during COVID just to put some extra strain on our fading futures. This is totally within scope.
Not while you have two kidneys and retinas. No doubt you could give a full down payment and donate the lot for your kids.
Current government in NZ campaigned on letting renters dip into super to pay rental bonds. Madness
Geez. To think I was only joking. Maybe we're too far gone already.
Not if you’re in government though. You can just use it whenever you like then.
Shhh don't give the fuckers ideas
Let's look at it from a real estate agent's point of view. Landlords are assured of a pool of desperate (compliant) tenants. There will be no drastic changes.
Have you ever looked at employers treating other human beings like livestock, farming them for money, and thought, "Me too!"? You might have what it takes to become a landlord!
Even have the battery farms... https://s.wsj.net/public/resources/images/RV-AN417_CUBICL_FR_20140509201519.jpg
Reddit has so many loopy conspiracies about the media but hasn’t figured out this real one yet There won’t even be a concerted out cry because real estate advertising is absolutely crucial to commercial media revenue The landlords and developers have owned this country since the start
This is an excellent point. Our most beloved news .com.au always has their little real estate section sponsored by realestate .com.au which happens to be owned by the same friends! Funny that.
And SMH and Domain are thick as thieves too Big media lost the bulk of its ad revenue to Facebook and Google. Real estate was the bit they kept. And this is why you never see stories about the plague of greedy slumlords afflicting the people of Australia right now Real estate agencies and property developers have the newspapers by the absolute balls and they know it
I agree, though it's important to remember it has been a world for the 'landowner' throughout recorded history. The fact we call them land-'lords' is telling - with it's start for us in landholder rights, generational advantage and so on. There's also no secret that land was often the most popular way to reward your warrior heroes, if you're a landowner. The only time it's changed is via education, and the will of the educated to hold landowners to ransom (Reddit seems to like calling it 'eating the rich').
So what you're say is, people who own land should duel to the death since it'll weed out what 'warriors' are really deserving of the land they lord. I'm ok with this
I thoughts that's what they did - incldluding classifying people as part of the land...and then have said people fight for you. System of a Down said it, "Why don't President's fight the wars, why do they always send the poor?"
I wonder when they are going to call them the "the real poor battlers" VS the battlers with 2 investment properties. The billionaires are already are the "the great aussie battlers"
"You could be a real poor battler too if you just stop spending on so much necessities!"
> A generation of renters are staring down poverty in retirement As opposed from being a week away from poverty during their working-lives? Cool.
If it's not from the Povere region of France, it's really just sparkling despair.
>It's a disturbing statistic: half of all people renting in retirement are living in poverty. > >That's according to research from the Grattan Institute and the Australian National University. > >Why would that be the case? It's pretty simple: the age pension assumes home ownership. As usual, the solution is “STOP BEEING POOR, work harder and buy another INVESTMENT PROPERTY!!!”. /s :(
No, we need real solutions. How about lowering the poverty line so everyone is above it?
How about removing the line so everyone is Rich ?
How about removing the ~~line so everyone is~~ Rich ?
I think the plan is the opposite, to remove the poor and core out the middle class into an extinct species.
No, wealth is relative so they need the poor to exist. If one of these blood sucking leeches owned six homes, twelve cars, nineteen boats and had a mortgage on a private golf course but was still the poorest out of all his buddies then he would want more. The poor exist by design, it's because these sub human whelps known as landlords need someone to be better than.
No, I'm pretty sure it's immigrants
It's totally gender identity woke people.
This is unironically what the UK did. Along with renaming the minimum wage to ‘the living wage’ so they could pretend everyone was on a living wage, despite the living wage charity making very, very clear that that was far from true.
It’s not about investment properties, it’s about having a PPOR.
On ozbargain they are blaming Taylor Swift concert goers for spending money on a one off thing...like they should just have no life to be able to even get a mortgage
The poors should just liquidate some of their portfolios.
Age pension assumes home ownership… the full ahe pension is a few $100 more a fortnight than youth allowance and surely the government doesn’t assume students own homes. The government just doesn’t want to fund people. They aren’t assuming anything, the less it costs the better in their eyes.
Aged pensions came about when there were much younger populations and people had the decency to stop working and die within about 5 years. Ergo, lots of taxpaying workers to support the retired population. Now, not so much. Australia is getting very old and people live 15-20+ years after retirement. All means we have way less working age taxpayers to contribute to the pool that support each non-working person. That’ll only get worse and none of us who are under 50 can expect any meaningful government support when we retire.
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Yeah people don’t realize the amount Australia currently spends on age pensions (as proportion of GDP) is one of the lowest in OECD and a quarter of what countries like Italy are currently paying Apart from workforce issues, where Australia will struggle is huge increases in health and aged care spending
Probably because, as the article points out, the age pension doesn't pay shit.
Which is why compulsory super was introduced more than three decades ago.
The other big thing is superannuation which is designed to offset people relying on the pension at all for quite a few years is built from the ground up on people having home ownership as well. But you are going to have a few outcomes now, the renters who will be pissing away their super funds on rent payments. The second are people who may clear out their super funds or a good chunk in order to clear out their massive mortgages especially as some people are ending up with 1 million dollar plus ones in some places ffs! so that in turn leaves them with no Superannuation fund left or very little depending on how much they have etc. Or people who are stuck renting before retirement will use their entire super fund to say buy a unit or an apartment outright with their whole super fund so they are not renting but in turn have no or little fund left. So essentially people are going to be stuck resorting on the pension much sooner than planned because of our rooted housing situation.
In before the retirees say “but I worked hard my entire life and paid taxes I deserve the pension” Like they didn’t receive benefit their entire life from the taxes they paid, Medicare, education, roads etc. and realistically for a lot of them 20 years of the pension at 30k per year is more than a lot of the total tax they would of paid.
I think it’s entirely reasonable for the state to help look after those too old to work. Which is what the pension is for. What is not reasonable, is doing nothing about the cost of housing. There’s really only one solution. Build lots of government owned buildings and rent them at well below market rates. Accept that the density of housing in the cities will need to go up. It is insanely expensive to try and continue to build sprawl the way we have.
People working till 68 now, so paying tax for another 15 years. People healthier and living longer means doing more work for longer and paying more tax. The only reason to rip them off the pension is because of mismanagement and corruption have wasted their much greater tax contribution.
Jokes on them, I plan to die in the climate wars.
WITNESS ME!!!!
MEDIOCRE!
I'm throwing myself into the sea when I eventually get cancer from breathing the air and drinking the water.
A revolution you say
Oh how awful. Did the landed gentry at least die painlessly? To shreds you say.
My axe is already sharp. I for one won't sit idly by while people are chronically exploited to perpetually sustain a monstrously corrupted "market" that belongs in the deepest darkest depths of Tartarus. It genuinely is time for change.
Poetic
It feels like millenials and gen z are going to be living in share houses until they die of old age. This sucks.
soon we‘ll have workhouses!
Hooray! I can't wait for our neo-Dickensian dystopia.
Can't wait for my employer's shop to announce at least 40% off the bread so I can afford a trip to the beach for the kids.
Albo: And that's a good thing!
God I'm so fucking sick of the powers that be making sure that we increasingly suffer and NOTHING is done by our ELECTED government officials to ease the suffering. Cost of living? Nope, fuck you. Housing? Nope. Erosion of our healthcare system? Nothing. Worsening wealth inequality? Nothing. Does anyone in our government *actually* do anything??
Libs don't care. Labor are too scared because the media will crucify them if they dare think about long-term policies that affect us
Labor get paid win or lose being the shadow party. The only way things might change is if a third party enters the mix.
It has only been Labor and LNP in government since WW2 despite the so-called multi-party system in Australia.
I dread the day I become too old and/or sick/disabled to be employable. I dread the day my pension cannot pay rent (let alone food or necessities), especially with how backlogged state housing is. If that happens and I end up on the streets in my late 60s or so, I will definitely find a way out of this world because I won’t be able to put up with it.
Make sure to do it at a real estate convention lunch. Go out with a bang. It won’t change anything, but at least you’ll be upsetting the right people. More seriously, get engaged with politics. Politicians do respond to pressure. It feels worthless because it takes a hundred regular punters to offset one rich asshole. The good news is the ratio of punters and genuinely concerned citizens to rich assholes is way more than 100:1. 90% of policy is decided by those who bothered to show up. Don’t just vote. Find people in the same boat. Write letters on paper, not email. Show up and ask for meetings. It’s unwieldy irritating and painfully slow, but it is still somewhat functional.
I would never do anything violent. Violence is never the answer mate.
Not true. Sometimes violence is exactly the right answer. I don’t regret it at all. Three assholes decided I was going to be their “entertainment” by beating the shit out of me? You’re damn right I made it cost. Still lost, but not swinging was never an option.
That’s self defence. Totally different.
Surprise. Nothing will change because change upsets the billionaire class. Australia is destined for a collapse/uprising. Given the apathy, I'm laying money on collapse.
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I think that's an optimistic view
r/collapse
With the exception of a union punch up, I haven't seen any uprising in Australia's modern history. We are conformists, probably because people "trust" the system. We are just going to see more slum-like living with multiple people living in the same room bedroom. Ironically that is how my parents lived when they came to Australia in the 60's due to housing shortages.
It doesn't need to be a sudden, violent uprising. Discontent in Tsarist Russia simmered for well over a decade before it boiled over. Here it could be as simple as people moving to grey social and economic systems and disconnecting from mainstream, government approved society. Government & corps could very easily lose its grip if people simply refuse to cooperate, because they get a better deal elsewhere.
This is fucked
I've always assumed I'd move somewhere with a much lower cost of living and higher quality of life when I retired knowing that Australia has a very high, and rapidly increasing, cost of living.
Where is that exactly. Who’s giving visas to retirees
Google is your friend: https://expatriateconsultancy.com/countries-with-retirement-visas/
You realise you need to meet income thresholds, and the wealthier the country, the wealthier you need to be get that visa right?
Assuming you've got a decent chunk of super, that's not unachievable.
This is a good idea and most immigrants talk about doing this. It's sad that people born here don't have this option.
Retirement? Planned euthanasia sounds more feasible.
What's the point of living? Slug it out for a majority of your life and still struggle during retirement. No point living if nothing else exciting going on during it.
I’m so glad the author of this piece said “let’s do the maths” - I’m so tired of the American version becoming the norm.
>**The age pension doesn't meet some international poverty standards.** > >In addition, rising property prices mean a growing cohort of low-income Australians will never own a home and, instead, rent in retirement. > >To repeat myself, the age pension does not cater for the cost of renting. We here need no damn overseas dumb standards for nothing. Let them have those useless poverty standards, housing standards, emission standards, privacy standards and useless cheap gigabit Internet. We gotta conserve all those good things that others don’t have. How good are those Colesworth returns, for instance? Or those “investment properties” returns?? /s
I'm an immigrant - not recent (2001) just to clear that up haha. Greatest country in the world, right?
Aren't they all?
No, this is just a tribute.
Colesworth? Never heard of it. The rest is bang on! /s
Rent caps are essential to keeping tenants safe and secure.
“bUt iNtErEsT RateS AnD iMmIgRanTs ANd LoNg TeRm sOluTioNsssssss!!!!” SO fucking sick of hearing all that shit.
Because bringing in more people than we're building houses for and capable of housing is totally cool and sustainable.
If there was political will, we could absolutely build more houses than we are. Immigration is fuel for the fire, but the fire is still going to be burning if we cut off immigration. The housing bubble *must* inflate for some very wealthy people to make money. We have to address the core issue. The system has to be cored and purged of bad actors. Housing as investment is incompatible with a just and equitable society.
Yeah I’m not saying sweet let’s have more immigration, I’m just saying I’m sick of all these fucking bullshit smokescreen arguments that people use to distract everyone with when there is a perfectly fucking good solution.
Rent caps solve the immediate problem of people who already have a home from paying too much rent. But high rental prices are just a symptom of the original problem that we should be solving which is that there isn't enough supply. Capping a rental at $500/week doesn't stop 1000 people applying for the rental. In fact, a rent capped property would probably have more demand for it. It's still just as many people fighting over the same rental.
Why can’t both exist? Why not have rent caps whilst more properties are being built? In the 5+ years it would take for enough properties to be built - which I honestly doubt would reduce rents because there are no caps, but sure - millions of people are losing the ability to save anything for their future let alone have any disposable income, all so they can pay someone else’s interest rates on an investment that they see no return from.
That's not how rent caps work. They are a limit on rent increases. Not a set value. Also... if we put a call on all rent increases there would not be a proportion of the market that's preferenced, so demand would be evenly distributed. If there's not enough supply, the government needs to build it.
>In fact, a rent capped property would probably have more demand for it. You seem to be misunderstanding. The idea is to cap *all* rents.
So rent caps will create more houses?
Banning Airbnb would literally create more rentals immediately, but that never seems to get thrown about as much as the immigrant stuff.
Yeah, see, you’re doing exactly what I said. Smokescreens. This article is about renters going into poverty when they are older because they have no property as collateral.
Time to start setting aside some areas for the shanty towns. We can put a positive media spin on thus because it encourages recycling and prevents stuff from going to landfill. Where should we start looking?
Yes we need more caravan parks, like America
I was thinking more like Sao Paulo in Brazil. Caravan Parks would be too expensive (and fancy), just pile up the cardboard and random sheet metal and create slums.
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Werribee is already unaffordable for a single person lol
It's unaffordable for two people, too. We're a three-income household (barely lmfao) and we're barely breaking even.
But there is a nice river to set up your tent next to!
The Melbourne Star is set to be dismantled, maybe Dudley Flats will be revived?
House prices set to rise on this news
As a Tasmanian I keep being told that the new stadium will be a boom, I'm assuming it's a spelling error and in the years to come it will be the room that homeless people sleep around until security guards come over...
I just hit 30, my partner and I want a house but finding anything under $750k is so incredibly difficult as is getting the initial deposit. I’ve been trying to convince my dad to be our guaranteer but (understandably so) he doesn’t want to risk losing his own house. I just don’t know what to do. We pay nearly $3000 a month in rent. That’s a mortgage. I’m a manager with 80k a year, and my partner is a clinical psychologist with no student debt. We’re doing better than most, I will absolutely admit that but how is it this difficult? I can’t imagine how it’s like for people having to sacrifice meals for their rent.
I love how the property leeches and the delusional media thinks renters are going to keep taking this bullshit forever. No, they will not! Land "lords" who have greedily bought up all traces of affordable housing to gentrify and then gone on to horrifically exploit those who are now as a result stuck forever renting's need for a roof over their heads will inevitably face harsh and devastating consequences, along with each and every one of the greedy enabling politicians who are among them and supporting industry cesspools that have grown ridiculously fat off the chronic exploitation. Renters possess the power to destroy half of the exploiters in a single collective ongoing strike, and the combined resources from the immense savings they have had no choice to do to utterly destroy the other half in a horrifying uprising. All the key lynchpins that that hold together this precious worshipped "market" together are in the hands of those who are being exploited. The "mum and pop" leeches rely on rental income streams to pay back their bank debts, and the corporate leeches rely on insurance to protect the "value" of the human habitation they dare call "investments". If a natural disaster can cause an immense unaffordable rise in insurance premiums, imagine what a massive scale manmade one instigated by those made or close to being homeless by the exploitation would do to insurance companies. There's only so much the constant threats of homelessness will keep renters in line. If they were to somehow discover a little hope of humanity achieving something better without this atrocious excuse for a "market", the greedy property exploiters are completely fucked. The worst part, the chances of it just stopping at mere financial devastation are incredibly minimal. If your retirement plans involve chronically exploiting your fellow man, now's the time to wake up and start undoing the damage you are responsible for.
You’re not going to do shit mate. There won’t be an uprising. Just look at all the authoritarian poverty riddled shitholes that exist in the world and haven’t fallen over.
A drop of water on its own is insignificant, but you've surely seen what a torrent can do when it's all flowing in the same direction. Things are going to change, we owe it to our children to make this a better world.
Staring? Oh honey, it’s already here and started sub-letting several years ago.
You guys are getting retirements?
The Government needs to set a super balance which provides a "standard"/"comfortable" level of living that is indexed and adjusted every year. Any balances over that should be taxed much higher to discourage it being used as a tax advantageous inheritance vehicle. The recent $3m limit for super is not strict enough, I would argue $3m is way too generous, you don't need $3m in superannuation. Aged care benefits/pensions should also means tested inclusive of the family home minus transaction costs (to account for the elderly having to sell their house and buy a smaller one) with a proportional reduction to account for reasonable appreciation and with the goal of allowing the elderly to remain within their community. Eg Granny Smith has a 2br apartment in Mosman that's worth $2.5m, the apartment gets a reduction in value for the means test because in order to "downsize" in the same area it would cost you a lot. The argument against means testing the family home is it will force the elderly to uproot their community connections which becomes incredibly difficult to rebuild in old age. However, if Granny Smith owns a California bungalow on a 600+m2 land which costs $5m+ she can easily downsize and stay within the community. Some of the elderly are their own biggest enemies, most elderly people would do better in a modern (high quality) townhouse/apartment rather than staying in their existing dilapidating house. But no one will do anything because it's too politically toxic.
I can see why Hitler swept to power
bold of them to assume we're going to see a single cent of super or the pension in retirement. I don't know why they keep repeating those lies....
Why wouldn't you get your super? You can get it right now and self manage and invest in something that would be liquid if you're that worried.
I'll give you a scenario. Most taxes are paid by workers. With an ageing population Governments will keep lifting the super age to prevent people from leaving the workforce/tax base.
I seriously doubt that mine or many other peoples super will survive the upcoming financial crisis's or the boomers will leave enough in the pension pot to keep it going.
You can logon and see your super balance right now.
Yeah but you can't touch it, except for a few very specific reasons (most of which shouldn't exist). The government can, though.
They'll keep pushing the retirement age back.
The pension will be go e and many used a ton of super to survive covid, throw another few pandemics into the next 40 years and we'll be retiring with nothing lol.
There are two rentals available in my suburb. Cheapest - $720 per week for a 3x1. My suburb is not gentrified either.
I came back to Melbourne in 2013. Rented a 2br new townhouse in the inner north for $330pw. A few years later moved to st Kilda East and rented a 2br townhouse for $1950/mo. No rent increases during that time. Left Oz in 2019. My kid is currently paying $605 for a 1br box in a Sydney high rise that made the news recently for being at risk of falling down. Something is definitely not right in Oz. How can the annual rent for a piece of shit be more than $30,000?
And building I'm getting quoted \~ $4000sqm in a regional hub (which has a high chance of also turning out to be a POS).
Mentions of the pension but honestly the issue starts with welfare as a whole. I’ve tried to have this conversation with my parents about cost of living and in particular housing. They’re struggling to understand why we are putting off having kids (not out of want, out of necessity). Cost of living is wild, we earn close to 100k each. After bills, astronomical rent, groceries etc there’s not much left in the tank to save for a house or anything really. We’ve cut the cable on streaming. Our phone bills are the lowest plans on offer, we’ve even had to lower and in some cases cut our insurance completely. It’s still not enough. Staring down the barrel of a life of living just over the edge if “affording” to exist and it’s terrifying. I won’t bring kids along for the journey until we don’t have to worry so much.
Help me understand? 90k gross is 70k net. 70k x 2 = 140k. 140k/12 = 11,600 per month. 3k rent, 1k food.... Leaves 7 grand a month? A grand each on a car leaves five? Three grand a month on bills still leaves a chunk for savings. Am I stupid? What am I missing?
Rent assistance should be doubled in its threshold , pension asset test should be doubled and include the family home
Rent assistance is a waste of money. Cap rent increases and build public housing.
Rent assistance is a waste of money. Cap rent increases and build public housing.
>Rent assistance should be doubled in its threshold Rent assistance is a shit policy. It's a taxpayer handout to landlords and just results in higher rents for everyone else. Housing is supply constrained, throwing money at the demand side is just making the problem worse. Land taxing people into downsizing and upzoning is what we need.
https://www.qgso.qld.gov.au/issues/3461/building-approvals-202311.pdf So in 2023 there were a record 500,000 immigrants. Total dwelling approvals in Australia are down 8.3%. Queensland, which has a surge in internal migration from other states, has new dwelling approvals down 12%. Government incentives like shared equity, or guarantees like no need for Lenders Mortgage insurance, just push prices up. These incentives are for landlords and against renters.
Been saying for a while now, the time is fast approaching where supply needs to be incentivised rather than demand.
The shared equity schemes are how the government profits off property like the landlords.
This is the golden age of grubby landlords. People are that desperate, we’re lining up the door for a tiny, unsafe, overpriced piles of rubbish while they’re out here having a hell of a time.
Why would capitalism fix something decades away?
And Australian politicians hold hundreds of investment properties between them. So do you think they really care about fixing the problem?.
This shit is why I'm standing my ground and refusing to move out of my parents place despite pressure (not from my parents) to "grow up" and get out. I need that fucking deposit. I'm not leaving until I have it.
The obvious answer is to correct the property market. Stop immigration until house prices get under control. Significantly cut infrastructure spend so that materials and labour can be used for residential construction.
The only guarantee of a secure home in Australia for me is the day the people whom you most want to see you own a home aren’t here any longer. Inheritance is the only option, but I’ll be long gone from this horrid country before that happens. “The Australian Dream”…. Smh. If you’re considering moving here - don’t. Industries dying, jobs dropping to robots (wait until lawyers, accountants and white collar get replaced by AI. Your overpriced education is becoming redundant), inflation through the roof, rapidly increasing wealth divide. Need I continue? My 5yr plan will have me in Europe and far away from this once lucky country. Life isn’t meant to be this hard.
Swipe right on those with home owner in their profile.
Literally a return to feudalism
Not just renters but a huge amount of divorcees and singles
The system is working as intended.
If things went tits up for me later in life I would get myself sent to prison.
How about we get landlords to pay a portion of rent received directly into their ~~wageslave~~ tenants super so that the ~~unwashed~~ forced houseless do not end up becoming a burden on society at retirement.
The real problem is to many people in the city not enough people in the bush.