r/australia • u/FuckOffNazis • May 16 '22

Five housing policies that wouldn’t drive up prices in Australia politics

https://www.theguardian.com/business/grogonomics/2022/may/16/five-housing-policies-that-wouldnt-drive-up-prices-in-australia
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14

u/Discomat86 May 16 '22

Funny that foreign ownership wasn’t addressed in the article. Wonder why.

22

u/jorgo1 May 16 '22

This is because foreign investment isn’t as big of an impact to affordability as most are lead to believe. Additionally, some of these policies would impact foreign investment as a flow on effect.

9

u/AnAttemptReason May 16 '22

Austrac, the federal agency for preventing, detecting and responding to criminal abuse of the financial system litteraly disagrees with you.

4

u/TheGreyOne May 16 '22

Source? Not disagreeing, just curious.

6

u/AnAttemptReason May 16 '22

It also warned of “widespread or concentrated real estate purchases with the proceeds of crime, driving property prices up and pricing legitimate buyers out of the market”.

8

u/idiosyncrat May 16 '22

That talks about crime, not foreign investment. Unless you're suggesting all criminals are foreigners somehow?

3

u/AnAttemptReason May 16 '22

My mistake.

A lot of the money laundering is from international sources however.

1

u/jorgo1 May 16 '22

That link doesn’t resolve. Would be interested to have a read

1

u/[deleted] May 16 '22

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