Australia is
in a lot of trouble. I see a lot of anxiety amongst the younger people today.
There are some who are stressing out about whether they can get off the rental
ladder and buy a home. They may already be married, but they are feeling like
the noose of the cost of living is tightening around their necks. Others are
delaying marriage longer and longer, because they see how expensive life is,
and they are concerned that they might not be able to support a wife and a
family. Still others are living under a burden of fear that they may not be
able to even keep the humble home that they currently have. Australia is in a
lot of trouble and its people are increasingly suffering under the weight of increasing
financial pressure.
There is
this very famous passage in the Old Testament that outlines curses that God
will bring on Israel if they reject living his way. One of the verses says
this, “43 The sojourner who is among you shall rise higher and higher above
you, and you shall come down lower and lower. 44 He shall lend to you, and you
shall not lend to him. He shall be the head, and you shall be the tail” (Deut.
28:43-44). The nation of Australia is not Israel, but many of the wise laws
baked into the law of Israel still have practical applications in our world
today and we can still see the consequences of having your nation given over to
wickedness right in front of us.
Look at this Macrobusiness article,
“Australian homes are no longer for Australians
BetaShares chief economist, David Bassanese, this week posted
the below on Twitter asking why there aren’t greater restrictions on foreigners
purchasing Australian homes:
“Wealthy Chinese buyers are taking private jets to Melbourne
to purchase mansions in Toorak – the city’s most expensive suburb – on the
spot, says Toorak buyer’s agent Alex Bragilevsky”.
“Mr Bragilevsky… says 90% of the work he now does is for
Chinese buyers”.
“I’ve facilitated $135 million of real estate deals [in
Toorak] in the past six months”, he told The AFR. “All these buyers were
Chinese”.
“The Chinese will pay over the odds for single dwellings”, he
said.
It is not just prestige homes that overseas buyers are
targeting.
Recent data from the Australian Treasury, real estate
professionals, Juwai IQI and PropTrack all show that foreign interest in
Australian homes is surging.
NAB’s latest Residential Property Survey of real estate
insiders reported that the proportion of Australian homes sold to foreign
buyers has increased sharply since Australia’s borders was opened in late-2021…”[1]
Australia is
facing a rental crisis. Our standard of living is dropping. Record immigration
is making it hard for people to afford to live in their own country. And in the
middle of this our government is serving the interests of foreign investors by
allowing them to outbid Australians in the housing market. They are selling
Australia out.
Australia
may not be ancient Israel, but we are seeing Australians drop lower and lower
in Australia and getting more and more into debt, and the foreigner is rising
above them and profiting from this. This increasingly shows us that we are a
cursed nation. There is still great wealth in this land, and many Australians
are still living in some degree of prosperity, but the number who are is
shrinking, rapidly. Perhaps things will change to some degree when the boomers
leave their inheritances to their Gen X and Millennial children. But even much
of that wealth is being chewed up on foreign holidays, expensive caravan and
camper trips and being spent in over the top and often foreign owned retirement
villages that are designed to drain the money of the elderly.
The
Australia we once knew, that offered a fair go for all, is quickly
disappearing, and our government is showing zero interest in changing the
direction this is all heading. After all, how many of them own investment
homes? How many of them really think it is their job to improve the lives of
Australians at all?
List of
References
[1]
Leith Van Onselen, 2023, https://www.macrobusiness.com.au/2023/11/australian-homes-are-no-longer-for-australians/
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