Since 1990, Australian house prices have increased more than almost anywhere else in the developed world.
We’re not ‘more capitalist’ than the US. We’re not more ‘land-scarce’ than the UK. Yet somehow our housing market has been deliberately inflated into a bubble that locks generations out.
Ask yourself:
- Who benefits from endlessly rising house prices?
- Why do both major political parties defend tax loopholes (negative gearing, CGT discounts) that make property speculation more lucrative than actual work?
- Why does every attempt to reform housing policy get killed before it begins?
This looks more like a coordinated wealth transfer. Australia has become the model of a country where housing can become an engine of control. Turning homes into assets for investors while debt enslaves everyone else.
Media and banks reassure us it’s ‘normal.’ But normal compared to what?
(Notice how we’re told to blame each other instead of the policies that make speculation more profitable than shelter?)
Australia has tax incentives that reward speculation.
- Negative gearing: Investors can deduct property losses from their taxable income, encouraging them to take on housing debt.
- Capital Gains Tax discount: If they hold a property for over a year, investors get a 50% discount on the profit they make when they sell.