DFA Live Q&A HD Replay: Can Property “Save” The Australian Economy? With Leith van Onselen

This is an edited version of a live discussion with Chief Economist at Nucleus Wealth, Leith van Onselen, who is also the co-founder of Macrobusiness. Given the raft of property related announceables from the politicians, will it make any difference, or are we set for a slow-down, or worse?

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[gurmender]

1:26:30 the great Australian mortgage ponzi.

[prizecowproductions]

Cut immigration.
Refund tafe building skills.
Contract immigrants to train in specific areas.
For specified time.
Make this happen in rural areas. ( Not regional Cities.)
Limit negative gearing to 3 homes per couple. 2 as single.
International home owners Grace period to sell.
1st home buyers to build sustainable ( mud brick or bales rendered.
These are just a few ideas to turn around current issues.
Aussie Jeff Moore

[LMNsTCUk]

I don't believe immigration reduction will be the silver bullet. Because housing price reduction from reduced immigration means housing is bought by foreign investors instead of those who need it. If not foreign corporations then organized crime because there's lax or no anti money laundering laws for property. Then there's the massive land bankers who'll see rents going down and deliberately leave properties vacant to increase rents again. An economy that relies solely on housing means the issue is as complex as the economy. We need a total re-writing of the laws and a market reset. Probably will never happen.

[michaelwhalan]

Guardian reports a huge silver coin find near Bath from the Norman era to go on display for the public in Bath.

[damo]

That comment you made Martin about immigrants being ok with new dog boxes is so true. I lived in Singapore in a 20sqm studio with no balcony at $600 a week, and I came home thinking Sydney studios are huge and cheap. Saying that I came home because Singapore is insanely overcrowded, a preview to Sydney/Melb in 20 years. Quality of life suffers big time.

[AndreH-yp]

Apartments won’t be like dog kennels, sounds more like prison cells! No windows, low space and a toilet in the corner 😂

[tahlialee]

Martin and Leith I love both your work but I have to stop watching at the 20 min mark. It's a lovely morning where I am and the rage I'm experiencing at the utter hypocrisy, arrant stupidity and the careless destruction of our society by our intellectually lazy and captured political and managerial class is just bad for my health. Keep up the good work on educating the people who still don't get it our are uninformed ❤

[grdnfreeman]

Why don't politicians run on creating an Australian Sovereign Wealth Fund like the Norwegians have? Do they even know about it?

[tommyj]

There's only very few urban centres in Australia, it's very centralised by state. The capitals is where the jobs are and they experience the highest levers of migration. The way is to decentralize, and the route to is is infrastructure and connectivity.

We have to realize that there's lots of land in Australia, there's just no infrastructure to unlock it and surprisingly no money to build it either.

If you look Japan, they have a network or super fast rail connecting cities. You can live 300km away from from work and commute every day.

Theres nothing wrong with high rise if it's done correctly and it only in city centres. But what you don't want is to live in London/Paris-like slum cities, believe me!

Low density is great, and there's space for it in Australia with the right transport infrastructure.

Renegotiate those gas and coal agreements and get more cash from royalties for infrastructure projects, government!

[tommyj]

Another way to address is non for profit property developers, like Nightingale Housing.

[redgatecrt]

Government is the reflection of the people they govern.
Hello Australians 😂

[deriskishere]

Whats the solution, how do we get actual men and pro Australians into government? Why are our politicians so weak and why do we put up with it? Where can we protest and teach these new immigrants that just because your in the lucky country doesnt mean you sit back and let the government fk you while they fill their pockets, for a better family they have to stand up just for whats right.

[whatwhyandwhos]

I think we actually have oil in Western Australia

[mylimomelbourne]

Leithvo is a genius, 10 points, Martin watches a.b.c and believes it .

[grizzz]

@ 49 min energy is the problem we have much useless energy and not enough heavy oil which is used in industry art bergman has lots of charts on this

[veijotirronen]

Inflation, which is running over 20%.

[Bruce-ghgt]

Why do we want to degrade our lifestyle. For what?

[dianay]

@43:00 because Australia is an oligarchy

[basicattentionwoman]

Yes a lot of the NDIS people are cruising with their carers

[grizzz]

problem reaction solution if the governments solution is you will own nothing and be happy with a ubi paid as a cbdc every thing makes sence