The Pickering Post
Friday, 15th December 2017

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Paul Zanetti

Paul Zanetti is a Walkley award winning syndicated cartoonist with over 30 years in the media. He blogs at www.zanettisview.com

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Comments

I know of a bloke in Alexandria Sydney who said that it will take two life times to pay his house off .

IF you want to buy an expensive house then get a decent, stable job that pays decent money (not a job covered by a Shorten-signed EBA) and then ask the bank for a loan with cheap interest rates. Anyone who takes issue with this advice is fucked in the head.

IF you want to buy an expensive house then get a decent, stable job that pays decent money (not a job covered by a Shorten-signed EBA) and then ask the bank for a loan with cheap interest rates. Anyone who takes issue with this advice is fucked in the head.

What the government should do is create the Building and Construction watchdog commission as they promised before the last election. Penaltise unions who stop pouring concrete so they can get back at companies. Stop the corruption and rorts in the industry. That will save on construction costs.

Yeah, like any government is going to do a damn thing about housing affordability. Best thing a government can do to to 'help' the market? Stop putting taxpayer money into it and let the bubble burst. No home-buyer grants, no negative gearing, no interest rate slashing, no lowering the value of the dollar so cashed up Chinese developers can bid hand over fist to out-price families trying to buy a home. The idiots honestly think property is a sign of economic health. Let's face it, when 1/2 to 2/3 of a wage is going to the bank, all that's being spent in retail is credit from the banks...

Negative gearing has to go.
The only benefit obtained, is to drive prices up.

Ahhhh, I see it all....The Cigar maketh the Man......In the early 90s ,, during Paul Keating's recession we had to have , was living in Adelaide , which was appearing to become a deserted city. So the powers that be , in an attempt to restore investment , and business in that city, decided to devalue the place by 50%.....One guy I was talking to had worked for 30 years to build his impressive portfolio which amounted to approximately $3 million . Overnight his investment fell to $1,5 million.....he was not a happy man ......Yes folks , get a good job , work hard ,, build your portfolio....but keep a wary eye out for scurrilous ones in positions of authority.And cigar chomping financial advisers ....lol

Wonderful cartoon, Paul. Since Mr Hockey gifted us with his considered opinion of how to get into the Sydney property market, I have been asking myself how he can possibly represent me and others like me - the answer is he can't. People here seem to think everyone who can't afford to live in Sydney should just move or stop bludging/complaining/being sensitive. What they fail to realise is that not everyone gets a job to earn the most money or is suited to . The emergency service workers, nurses, teachers, scientists, carers, bus drivers, retail, hospitality, cleaners all perform valuable and necessary jobs that enable the community to function well all earn under $100K and while they save, pay rent and work - sometimes commuting for hours each day and juggling kids, activities and chores

There is a simple solution. No more negative gearing on existing residences. Yes to new developments, knock down rebuilds where additional dwellings are created, etc. housing availability would increase, jobs in const,manufacturing and transport created and heat taken out of the market in existing homes.

Couldn't agree more Paul ????

Isn't it strange. If you take a risk with negative gearing and do ok you're attacked for being opportunistic and a user however, if the interest rates go through the roof and you go arse over calypso, you're a fuckin' smart-arse who deserved what he got.

Let 'em sleep in the park!

The whole negative gearing argument is focusing on only the cost of the tax deductions to the economy. What doesnt seem to be mentioned is the cost to government if the private investors stopped providing houses for rent. There are at least 4 times as many families in privately owned rental homes (rented through real estate agents) than there are in public housing. If negative gearing is ended the people would either vastly raise rents or stop providing them for rent. The government would then end up having to come up with the money to pay for at least 1,500,000 houses (plus ongoing expenses) to fill the gap. What would that cost?

I'm doing my bit to help. Receiving a record low interest rate on my fixed deposits in order to help out impecunious aspiring landlords. Gor' bless 'em . . .

Yep .. I was the bloke on the bottom of this depiction, decided to work a little harder, take a risk and eventually built a small portfolio so that others could enter at the bottom of the depiction as well.