Queensland is dying - barely anyone coming here anymore, government attempting to "woo" people
52 replies, posted
[QUOTE=fruxodaily;50122616]it's more rich baby boomers buying as many houses as they can and profiting off negative gearing, the Chinese is playing more of a roll in the farm where farmers are giving up and the Chinese need more land to feed their population since they're so dense and we're close
it's going to create a lot of turmoil soon, I see this country having a big depression if the government fails to act[/QUOTE]
In NSW there's a huge problem with chinese investors using property in the Australia to offshore their assets.
[QUOTE=pentium;50122543]I'm just curious because this sounds like something we've been fearing here for a while. All the properties are owned by the Chinese as offshore assets and investments that perpetually go up in value. Eventually you reach a point where properties are being bought but the neighborhoods are technically remaining empty which negatively affects the local economy as businesses can't remain profitable and nobody wants to visit because all the go-to places have closed. In the end you lose and the Chinese technically become the majority of the population by percentage of property ownership.[/QUOTE]
You're right about the Chinese owning houses as offshore assets but not about the outcome. Chinese investors don't just buy houses and leave them sitting there emptying out neighbourhoods which negatively affects the local economy. Investors who own these places will generally rent them out, not only to provide continuous income but also to prove they aren't just using it to offshore their assets.
The outcome in reality is that rich baby boomers and chinese investors invest in buying properties for various reasons, which makes first-home buyers struggle to find affordable living and sends the rent market spiralling out of control - these investments become a source of continuous income because the houses get rented out. So the local economy doesn't die exactly, its just that people are locked into renting for the rest of their lives, which isn't great.
As for the chinese technically becoming the majority of the population through property ownership that won't happen here entirely as the investments are focused in Sydney and Melbourne and to an extent Brisbane (not sure how much). Country places suffer less from this as they're worth less.
Having lived here all my life; this is a far fetched dream. More and more young people and pretty much people from whatever age, regardless if they are uni graduates or not, are having to move away as the state economy continues to go into the shitter. Not even the old trump card of "mining" jobs can save this state anymore.
This is also compounded by the fact that Australia is in the process of a ongoing brain drain from a lack of job opportunities and a lack of support for startups. It's at the point where the more it continues, this place might actually become what then-Prime Minister Keating said nearly 20 years ago, aka "a banana republic", as the same thing will happen with other states heavily relying on the primary sector to provide jobs & growth (aka Western Australia, South Australia and Northern Territory). Plus, we don't have our rights as citizens as they are only implied by the constitution (not permanent, compared to countries that do, like Canada and the US), a lack of separation of powers at both the federal and state levels (and people wonder why corruption is still a big thing here).
Possibly off-topic : Sorry to politicise a bit but if Turnbull or Shorten believe they are going to get "innovative" in trying to get more business to come here, it's too late. Both Labor and Liberal have forlorn their chances at building up the sectors required for such things to happen. Realistically, no parties can really get the ball going in getting meaningful and above-par growth as most of the policies outlined are outdated or flawed. Not even the Greens will be able to do such things with the majority of the country being more or less on the right on the political spectrum.
[quote]Chinese investors don't just buy houses and leave them sitting there emptying out neighbourhoods which negatively affects the local economy. Investors who own these places will generally rent them out, not only to provide continuous income but also to prove they aren't just using it to offshore their assets.[/quote]
There's a huge debate in Vancouver about this right now. The overall vacancy rate depends on how many months per year you need to be living there to say you're a resident. True, some of them work around this by just renting the place out. I'm not sure how long that is over there but here it's a minimum of two months out of the year, which if you can afford property here means this is your vacation residence.
[QUOTE=shutter_eye5;50122750]Not even the old trump card of "mining" jobs can save this state anymore.
[/QUOTE]
western australian here, Graduated in 2014 and I remember literally every teacher encouraging everyone to go into mining instead of anything else.
Now the industry isn't peaking and our unemployment rates keep going up. Not to mention the higher cost of living here in comparison to the eastern states, in the town up here companies buy entire hotels because if anyone else owns them it's a huge resource drain. The combined income of the staff at Spirit fm up in Port Hedland doesn't even cover the rent on the place they all live in and the company has to pay their rent.
[editline]13th April 2016[/editline]
meanwhile in the city there's another homeless person in the street every other day it seems, not to mention the fact that our government services are shit. $100 a week welfare in a place where most of my friends are paying at least triple that in rent is not enough, and then we have the people that live off of welfare and don't contribute (not meaning people who literally cant, more people that refuse to work)
one thing is for certain, this current government has got to go
Not surprising, this shit is going to be happening to the whole country soon.
[QUOTE=fruxodaily;50123028]one thing is for certain, this current government has got to go[/QUOTE]
But didn't you hear about high speed rail! Innovation at its peak my friend
[QUOTE=ThatCrazyGmanV2;50122933]western australian here, Graduated in 2014 and I remember literally every teacher encouraging everyone to go into mining instead of anything else.
Now the industry isn't peaking and our unemployment rates keep going up. Not to mention the higher cost of living here in comparison to the eastern states, in the town up here companies buy entire hotels because if anyone else owns them it's a huge resource drain. The combined income of the staff at Spirit fm up in Port Hedland doesn't even cover the rent on the place they all live in and the company has to pay their rent.
[editline]13th April 2016[/editline]
meanwhile in the city there's another homeless person in the street every other day it seems, not to mention the fact that our government services are shit. $100 a week welfare in a place where most of my friends are paying at least triple that in rent is not enough, and then we have the people that live off of welfare and don't contribute (not meaning people who literally cant, more people that refuse to work)[/QUOTE]
I'm in Mandurah dude. I want to get into WAPol as it's the only viable career that is sustainable for me in my situation. Fiancee is from the U.S. and she is coming here in a years time, I visited Cairns last month with her and it was nothing but a tourist hot spot, felt like the minority as a local to the country. I'd like to live in Victoria for the scenery, maybe even do policing there, I just wish it wasn't so expensive and this country would cater to it's natives before it caters to foreigners investing. Sucks to be a young person/young couple that isn't born into money these days here.
I've actually always wanted to go to Queensland but never found the time or funds to do so
Shame, I heard it's beautiful
[QUOTE=HyperTails;50123166]I've actually always wanted to go to Queensland but never found the time or funds to do so
Shame, I heard it's beautiful[/QUOTE]
it's not what the pictures make it out to be, beautiful sure, but you'll get tired
Looks like the 'Fuck off we're full' stickers have worked wonders
Also I thought the mining industry was doing pretty good in QLD?
[QUOTE=The Decoy;50127521]Looks like the 'Fuck off we're full' stickers have worked wonders
Also I thought the mining industry was doing pretty good in QLD?[/QUOTE]
Mining is on its deathbed, which was inevitable.
Queensland is awful, never come here. Don't believe the propaganda.
[QUOTE=The Decoy;50127521]Looks like the 'Fuck off we're full' stickers have worked wonders
Also I thought the mining industry was doing pretty good in QLD?[/QUOTE]
nah, government wants to open more mining on sacred land and it has backfired completely along w/ India looking more at renewable energy than coal, so literally we're digging this shit out and making barely anything
[QUOTE=fruxodaily;50128182]nah, government wants to open more mining on sacred land and it has backfired completely along w/ India looking more at renewable energy than coal, so literally we're digging this shit out and making barely anything[/QUOTE]
I can see how it has been backfired. India looking at "renewable energy" also just irks me, simply because we haven't even come near of a reliable environmentally-friendly energy source.
It all makes sense now.
[QUOTE=Ch!ef;50128226]I can see how it has been backfired. India looking at "renewable energy" also just irks me, simply because we haven't even come near of a reliable environmentally-friendly energy source.
It all makes sense now.[/QUOTE]
Nuclear.
[QUOTE=The Decoy;50127521]Looks like the 'Fuck off we're full' stickers have worked wonders
Also I thought the mining industry was doing pretty good in QLD?[/QUOTE]
The only industry doing any good here is aged care because everyone's moving up to the coast to retire.
This seems to be the case everywhere anymore.
My guess is a global depression where nobody has a high standard of living besides the very rich.
I'm not looking forward to the next twenty some years.
If it wasn't fucking 40 degrees celsius and 90% humidity all of the fucking time, and if the locals spoke at a speed of more than one fucking word per minute it might be a more appealing destination.
The moment I landed in Brisbane and the plane door opened I was immediately filled with pure, unadulterated rage that a place could be so unreasonably hot and humid, and then the guy selling me a train ticket took for fucking ever to say fucking nothing when all I wanted was to be at my hotel ASAP so I could take a fucking shower.
Fuck Queensland.
[QUOTE=killerteacup;50122277]Powerhouse museum is getting moved to Parramatta for some reason. [/QUOTE]
Why!?
I fucking loved that place... :disappoint:
[QUOTE=sb27;50122298]Don't believe the lies. 'The Sunshine State'? It's always cloudy or raining. It's more like the UK of the Southern Hemisphere.[/QUOTE]
You're thinking of Melbourne.
[QUOTE=killerteacup;50122277]Powerhouse museum is getting moved to Parramatta for some reason.[/QUOTE]
Not so much of a powerhouse anymore then.
Referring to the fact that Powerhouse was once a power station.
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