The housing crisis was, supposedly, one of the key issues of the recent election. Funny, then, how neither party had anything much to say about it in the worst campaign in living memory. The best we got from Labor was a vague promise to build a million, billion, gazillion, homes. A promise no one seriously believed, but like every other one of Anthony Albanese’s obvious lies, the mainstream media simply let him skate.
On the other hand, when Peter Dutton timidly proposed reducing turbocharged mass immigration, just the teensiest bit, by cutting back on ‘international students’ (who are really just a backdoor immigration scam), the MSM and special interest groups went feral. None more so than the grasping property developer class.
It’s almost like they have a vested interest.
The student accommodation sector is emerging as a potential winner from greater policy certainty in the wake of the Albanese government’s re-election.
Top operator and developer, Scape, has won a major commitment from international investment house CBRE Investment Management, which is backing a new $6bn fund focused on the sector.
Funny how we were finger-wagged that ‘international students’ aren’t contributing to the housing crisis, despite data unequivocally showing that rents rose most dramatically in areas favoured by ‘international students’.
Also funny that the Albanese government is pouring billions into student accommodation while more and more Australians are fighting to afford a roof over their heads.
A number of purpose-built student accommodation (PBSA) projects were effectively on ice due to the coalition’s plans to slash international student intakes […]
The re-election of the Albanese government created greater certainty for developers who wanted to build specialist accommodation for students in order to ameliorate their impact on the overall housing market.
“Greater certainty” meaning, apparently, that the taxpayer-funded tap is back to gushing out a Niagara of debt.
A river of gold pouring straight into developers’ pockets.
Scape Australia executive chairman Craig Carracher said the “abstract undisciplined immigration policy proposed by Peter Dutton” was rejected by voters at last Saturday’s federal election.
Which is true, in its way. Australians want to see concrete plans to slash mass immigration. Instead, the best they were offered was an unconvincing tweaking around the edges of policy.
He said the Albanese government has the opportunity to debunk the myth of international students creating the housing dilemma.
He says, as he trousers more of our taxes in order to build luxury accommodation for foreign students scamming the immigration system while Australians are going homeless.
They might as well go into any urban park and piss on the tents of the homeless, while clinking champagne glasses with Labor MPs.
