this post was submitted on 02 Nov 2025
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nimbies, real estate agents and land lords are running the show
everyone else, like 95% of the population, embraces house affordability
Yes and no. There are a lot of owner-occupiers in Australia now who on paper are Millionaires, and they like being Millionaires. They are not going to like it if/when that status is stripped from them.
If houses nationally suddenly dropped in value by 50%, even if people's mortgages were halved at the same time, I expect the change would still be met with hostility. It's the unspoken truth of housing affordability: far too many Australians are happy with the present housing prices. They're outnumbered by the rest of us, but they are a large enough voting block to decide any election.
If they're outnumbered, how are they deciding the election?
Because they are often wealthy, connected and have a voice, for example negative gearing. This only impacted a small percentage of people compared to the masses, but still made labor lose in a landslide to the liberal party in 2019
So they're not outnumbered then, are they?