British Reaction To HOW IS AUSTRALIA SO RICH?
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- Опубліковано 26 вер 2024
- British Reaction To HOW IS AUSTRALIA SO RICH?
This is my reaction to HOW IS AUSTRALIA SO RICH?
Original Video - • How Is Australia So Rich?
#australia #economy #reaction
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British Reaction To HOW IS AUSTRALIA SO RICH?
Being isolated from the rest of the world has a few disadvantages, cost of travel & imports - BUT definitely has many advantages & I am happy to be far from all the dramas in the rest of the world...
The housing problem atm is nuts! A lot of rich Chinese buy up real estate which is bad enough but they offer much more than the asking price which is why the price has skyrocketed. Plus renting prices have gone way up as well and there aren't many to choose from. Sometimes you can't even get to go and look at a place to rent because they've had so many people apply. This is the case in Adelaide at least.
Same on the Gold Coast.
Not a problem for people that actually worked hard and saved hard. Some people didn’t take gap years, some stayed here and saved and bought.
@@Glenn-ei3xp Save up for a million dollars yeah ok? Whats next, save up for 10 million dollars? When r people going to realise, house prices can't go up forever and where are the days when buying a house is for living only and not for investing. It's people like this, who think oh if you just save up and do nothing and just save up you can finally buy a house in Sydney, that are the problem.
@@AnonTriplewhat?. Lol try in English. Wife and I on average income. Saved hard, while friends were traveling the world and partying. We made a hell of lot of sacrifices and thought about our future and potential growing family. I laugh at selfish little turds like yourself
@@Glenn-ei3xp when did you buy your house? In 1987? And how much was your house? Like I said, I was talking about Sydney, 1.6 million, you need a deposit of what 160 000 more or less. Average income in Australia is 50 000, yeah a gap year wouldn't really do anything. Good luck being on a mortgage for the rest of your life. Houses are not affordable. The selfish turds are the people who buy 5 houses and rent them out expensive to the so called selfish turds like myself. What have you got to say about that? Oh wise one
I love Australia but no country's perfect. We have corruption & these large corporations are trashing our environment.
Not really
if you want to travel around you would be better to go to the eastern states…Perth is a lovely city..but far far away from anywhere else…living in a Perth has been fantastic in Covid times…we all felt very safe ..the isolation was a plus then
Yes housing especially on the east coast. I live in Perth Western Australia, where prices are much cheaper if you are looking too buy a home I know that in Sydney or Melbourne, just for a normal home, your looking at at least $1,000,000 and these are not flash houses. Usually probably only 3 bedroom and 1 or 2 bathrooms but they are usually in very good condition. I’ve lived in Sydney and have close family over there so I usually go over once a year too stay with my sister. It’s very highly populated and very expensive to live there. I can’t speak to Melbourne but I’ve been told it’s pretty much the same as Sydney. I moved to Perth 35 years ago and have never been sorry, I love our laid back lifestyle, yes people work hard but there’s not the need to regiment yourself. My daughter and 3 grandchildren all have great jobs, while my youngest granddaughter is at Uni studying to be a High School History teacher and she’s a bit over half way through it. My eldest granddaughter does live in Sydney, about 60 miles from the CBD. She went over there 5 years ago with her job but they didn’t do the things they said they would do. So she was going too come home when she read, that the NSW Prison System were looking for recruits, she’d always had hopes of working in the legal system, so she applied and was accepted and 5 years on she has worked her way up the ladder and love’s her job. She works in the main maximum high security mens prison. She gets really good money and does a lot of overtime. As I said she lives on the very outskirts of Sydney. She rents a 2 bedroom unit which is $500 a week too rent and every day she drives too and from work which takes about 40 minutes. She has to take the freeway and has to pay a toll both ways. Also it costs probably more than double to register her car over there, than it does here. Oh and by the way the roads are not that good either. The Toll they pay is supposed to be for maintenance of the roads and if you want to see some crazy drivers, then you will there, everyone is in a hurry but then there is I think over 7 million people living there and neither Sydney or Melbourne are very big States. Here in Perth we have everything the other states do and it is only a 4 hour flight to Sydney. Over here I think we’ve got it pretty good and we have a fair sized British population. Also while rent’s are pretty high but I think that’s more due to Covid and inflation, however you can buy a fair sized home over here for about $500,000, and units and apartments for around $3- 350,000. We are by no means crime free but it’s very safe here as well. Our roads are good and we don’t have to pay a toll to use them. My Grandson got married last year and they’d already bought a house before they got married. My granddaughter came over for the wedding and was very vocal about our speed limit’s and she said we all drive like snails. I’m sorry this is so long but I wanted to try to give you a brief idea about the differences between the State’s.
House prices are high because of high rates of immigration. We're adding a city's worth of people every year. It's putting strain on infrastructure, transport and housing. I live in Hobart and house prices went up 45% in two years.
A lot of politicians own multiple houses, so to take action against the rental problems in Aussie, They themselves would take a cut in profits and that will never happen. The problem is only going to worsen because of that thing called greed
Housing needs to be treated as a human right not an investment opportunity.
Yes you are correct that many Politicians own many properties. However, Labor had policies to limit the numbers and benefits of owning investment properties at the previous election but due to the extremely negative and at times 'incorrect' campaigning of the then Conservative Government and the Murdoch media it was a crucial factor in Labor not winning the election.
@@sprig5173 whilst I agree that housing should be a human right Gexorbitant
I agree completely with mikey0909
Yep,we do alright Mat👍🙃
Being from Perth,we have some of the best beaches in Australia,but further down south in Esperance they are on a different level. You must check-out Cape Le Grand in Esperance! Totally stunning😯😲🤯..Hellfire Bay,Lucky Bay etc etc
Cheers mate 🍻
I’d say we do better than alright compared to most countries ;)
Yes but you also have Woodside trying to destroy the Ningaloo reef.
AGM-114 Hellfire Bay
I think Australia, along with New Zealand and Canada benefitted enormously from the great technological, health and educational strides which first took root in Britain during the great Victorian era. South Africa too. There is a BBC series ab out this, called "How the Victorians Built Britain". While the term "colonial" has become a negative term, as a Canadian, I can say that our country gained much by our association with mother country U.K. (That is somewhat painful for me to write, as descendant of Irish and French.)
Housing costs have gone up one reason is because of the covid situation around the world and high demand maybe in a few years it might settle down a bit one good thing is we do have good wages here and a young working couple could afford to by a house but you have to look for what's best for them we don't have many problems with guns crime in general is lowish overall Australia is a great place to live if you work hard enough you will prosper
House prices are a bit off its an average plenty of affordable housing if you don't want a water view
Housing in our major cities has become so unaffordable that we have families with 2 working adults living in tents because they can't find a place to rent let alone buy unless they relocate hours away from the city
The effect of the Chinese trade bans was negligible in the end. Other countries stepped in to buy some of the affected goods, such as coal and barley. Also China did not cut off the commodities and goods it needed such as iron ore which is the big one. Reducing trade dependence on China was the big plus from these bans. For example tariffs on wines saw winemakers seek new markets. Many are now saying they will not return to China because these new markets were much better to deal with than China. Chinese business has a reputation for not living up to contract obligations and promises as both importers and exporters.
Housing prices are pushing more and more "average" people out of cities and into exploding outer suburbs that often have insufficient resources and infrastructure to cope with the burgeoning population. When I was growing up, it was possible for families on one income with children to buy a house with maybe a 20 -30 minute commute to Melbourne. I now live in regional Vic, ~90 minutes from Melbourne and even here, developers are snatching up parcels of farmland, squeezing impossible numbers of blocks of land on them, with houses virtually touching each other, and will only have to build an access road into the estate. There is belated investment in transport, medical facilities, schools and childcare, but it isn't keeping up. Now a working couple with good jobs and no kids will struggle to break into the market. We may not have been invaded by other countries, but we didn't need to be - We have been bought out.
So true.
The new suburbs are heat sinks with no room for trees to shade them. And older leafier suburbs have also been turned into heat sinks, with infill housing.
Once upon a time the Australian Bureau of Stats recorded how long a $ stayed in the country until it left the country - but when we opened ourselves up to international markets, that one $ stopped being followed. Wealth is linked to how many times a $ changes hands withing an economy, so you might understand why the government of the day stopped reporting on that statistic. Australia is funding the advancement of middle classes in a heap of once poverty stricken countries. But our spending in those countries has totally farked up our poorer people and none of the rich, politically connected people, give shiat, many of them invested in those countries.
The simple fact that what was once a regularly reported statistic (how many hands does one dollar go through before leaving the country) has totally vanished.
If you want to see one of the best aussie youtube channels (IMHO), these guys are funny and go on amazing adventures to the best spots and toughest 4x4 tracks.
This is exactly what Aussies are like with their mates. We work together and have a laugh at tough situations. They are long vids but you will enjoy them (even if you don't make a video about it - but you can edit it down).
P.s. the cooking segments are always good for a giggle.
ua-cam.com/video/6jrMq_SvHqQ/v-deo.html
The housing market is rediculously high ( so too rental) You can't buy a really nice home like I did in 1994 for $100,000 AUD. Now, cheap junk is sold for well over $1m , stuff I wouldn't bother looking at.
Our trading relationship with China is improving since we dumped the LNP. Fortunately the new Labor Government has Penny Wong as Foreign Minister. Many previous bans on Australian exports are being lifted.
China's attitude has improved to a lot of countries as well.
Trust Labor to grovel to communists.
Dumping LNP and kowtowing to China? Big mistake!!
@@vivianhull3317 No. Morrison was a loose cannon and a lying, useless PM who managed to absent himself from the country at every crisis.
The new government is just as firm with China. It just doesn't bleat it through a megaphone like Morrison did to suck up to Trump.
@@user-bf8ud9vt5b Except it doesn't. As you'd know if you heard Albanese speak on the subject.
The LNP were the ones who let China into the Solomons, not Labor.
Hi mate there are rules for foreign investment in both companies and residential, in residential they must apply for permission to buy,
at the moment they can't buy an existing house without jumping through hoops , they can buy vacant land and build that''s one instance, what the law say's they cannot purchase an existing property as they are depriving a citizen from being able to purchase.
there are Fines and fees. It's a long document
China and us are not on the best of terms at the moment but plenty of growing Asian nations want our products and India is emerging into a powerhouse and we have good ties with them Cheers
We had a few issues with China after we asked nicely for an enquiry into the origin of Covid at Wuhan.. they got nasty and defensive.. they stopped accepting our coal and seafood and many other Aussie imports.. we totally did not miss any of theirs.. not the average Aussie anyway.. sub par produce is something we don't need, kmart shoppers were crying lol.. tourism was hit hard and also our revenue from foreign students stopped for 2 years.. educating foreign students is important for our GDP .
We have Paul Keating ţo thank for no recession for the past 4 decades
The housing problem here is really depressing to be honest, there are only 31 000(approx) rental properties available across the entire country so its almost impossible to find anything, landlords and real estates are taking the piss because they have all the power because you can't move, there's nowhere to go 😪 women, especially single mothers are openly discriminated against by the real estate industry and if you have any kind of record of experiencing domestic violence, have ever contacted a shelter for help or been homeless because of the above just forget it, they're not even going to look at you, sadly this means many people are staying or returning ( often with children in tow) to really dangerous situations because the only other option is homelessness, its really tragic and im blessed I was able to take me and the kids to mums and so many don't have that option, even so it cannot be a long term solution but literally have nowhere to go 😔 its really bad
Things have been tense with China but moves have been made by our Prime Minister to visit and Pennt Wong, Minister for Foreign Affairs, have been doing a good job to repair trade relatins. Defense is an issue. We don't want Taiwan to become another Vietnam- IMHO let China deal with that.
This English made video is excellent and very comprehensive! We are now working hard to decrease our dependence on Chinese and Indian markets/trade and especially their investments in important Australian companies! 🤨 We are flexible, the Covid backlog of tourists and visa applications is swiftly being sorted now! Backpackers, students, etc here now is over 400k and rising! Yes, particularly after the Hong Kong handover, the real estate market, and the competition for popular suburbs, caused rapid unrealistic inflation of property values - and many new Unit buildings, foreign investments, are left unoccupied in areas of high demand! I believe we have increased taxes for overseas buyers, but we currently have thousands of petty problems needing more urgent attention!? 🧐 Our new federal government is focussed, nowhere! 😵 At least Victoria, South Australia, Queensland and Tasmania are releasing new blocks of land for housing, hopefully for Australians! 🤔
Our new Labor federal government is doing very well thank-you, especially when compared to the sit-on-your hands Liberal Party government of the ten years before.
@@barnowl5774 totally
@@barnowl5774 Rubbish, good to popular meaningless issues! I know people who had jobs, food, power and rooms to sleep in last year AND HOPE, now they have no possibility of any security or hope at all, the streets will soon be full of non- taxpayers and the treasury in debt for generations! 🤨😩
@@jenniferharrison8915 And I know of people whose lives have improved due to Labor's policies. The Labor Party has always been for the betterment and greater good of those people who are not wealthy. The Liberals are for their own hip pocket and for the rich to get richer. Educate yourself regarding politics. I have.
@@barnowl5774 Tell that to my niece's, sister and my cafe owner, my neighbours, my friend going back to Nepal ....
Houses further out from the city centre are cheaper. In country areas more so. Sydney houses on the east coast are very expensive. Before you choose Perth or Darwin to live in consider their huge distances from the rest of Australia.
Still very expensive and not really worth it, depending on your job and all. A house that is 60 KMs away from the city of Melbourne is still about 500 000 bucks, not as expensive as inner suburbs etc but still much more than house prices 20 years ago and probably wouldn't cost that much considering the distance to the city centre. Depending on your job and lifestyle and all that, driving to work and home could be nightmare wasting petrol, so is it really worth it, I don't know. Often also houses out that far have poor infrastructure, i.e. poor public transport, poor mobile reception, poor tree management etc. Housing crisis is just going to get worse and in the future, people will only be able to afford houses that are really tiny or 200 kms away from the city centre. What a nightmare to say the least
@@AnonTriple This information was given to this man who has worked in countries around the world. He may have very good qualifications, and a good earning capacity. He may be able to work mostly from home. We don't know. (My brother, who lives in the country, fits this situation.) Also it is about time Australia developed more bigger provincial cities as they have in other countries. That would help to solve the housing crises in a number of ways. The Labor Government did mention that they wanted to stop the perks of landlords owning multiple homes above three and the China buy-up needs to stop, too. Also, young people should stop believing that they should be able to buy a lovely house within 15 kms of the city for a low sum of money. "They're dreamin'."
Australia is 1 of the richest nations in the world however my Aboriginal people are still living in poverty & all of these riches are found on the country we've lived on for more than 60000 years... Always was Always will be Aboriginal land!!!?
Penny Wong- a good politicion IMHO.
House prices are really based on how low rates are and how much baks are willing to lend. Two sides of the same coin...
The title made me laugh out loud
China was one of our biggest importers.
No immigration what needs benefits
Under the last Liberal (conservative) government, Australia's relations with China became very fraught. Things have definitely improved with a change of government to the Labor Party. The Chinese have wielded a lot of power in the relationship, refusing to import some products and seriously impacting certain sectors such as our wine and seafood. At least both countries are now talking and hopefully things will get back on an even keel soon.
At our expense.
China likes to throw its weight around and bully other countries, they tried it with us too but it backfired on them. We have other trading partners now so hopefully we don’t rely on China to much. About time!
YES no poeple can't afford to buy or rent housing at the moment. And yes rich poeple do buy up housing. I'm in Newcastle public housing. Or government housing
How is Australia so rich ?.........You already know the answer to that. Jim Jeffries told you..........We're mighty little savers 😉
Australia is no longer the lucky country. The health system is in crises, many people have died waiting for an ambulance and if they manage to get to a hospital they wait for hours before they are seen to. Thousands of people sleep on the street or in their cars every night because they can't afford the high rents. The state governments have failed to provide social housing for people on low incomes. Youth crime is out of control in many towns across the country also. Now the SEQ government is going to waste Billions and Billions of Dollars on the 2032 Olympics. Australians are in for years of pain.
Nice snapshot, thanks. Generally speaking we are very lucky to be living here. Property prices are ridiculous but a 2BR apartment is within reach and you could build up from there over the years.
Australia's economy is roughly the same size as Russia's.🤔🤦♂️
@MSTV Don't get too exited, our government is working very hard (and recently have doubled their efforts), to destroy Australia's economy.
Our supermarkets refuse to buy from Australian produces, and so, import fruit and veggies from all over the world.
We no longer manufacture cars, petrol, washing machines, fridges, mowers, clothes, shoes, or any other damn thing. It all started in the 70s and 80s. We signed the LIMA agreement to wind down our wheels of industry. So, Australia today, is nothing like it used to be. We're doomed because of our evil government puppets.
With a federal Labor gov and most states also Labor, Australia is going down the gurgler.
Not backed up by evidence.
😆🤣 we went down the gurgler with the Libs/Nats a long time ago and now Labor has a whole lot of fixing up to do. Which, unlike the Libs something will get done at least!
Haha I suppose you both believe every word the gov tells you and watch the ABC too
@@vivianhull3317 Love the ABC
@@vivianhull3317 Yes, ABC & SBS. At a guess I'd say you like Sky News 🤔
We’ve had some pretty good governance when all is said and done. NO recession in over 30 years. The LABOR government has been instrumental in this by unlocking the $ and allowing free trade. They have a bad rep when it comes to being financially capable (I think this is totally undeserved) and only because of their social agenda policies. There is another UA-cam video that you should watch about how Australia is so agile.
You’re right. The left throughout the world has been proven time and time again to be the most responsible when it comes to debt management. The right cannot manage money except to cut spending to poor those funds into paying down the deficit. But by the time they’ve done that infrastructure has decayed and needs funding to fix it. And then you have Donald Trump and Scott Morrison who are a whole different level of incompetence.
We have actually had at least one recession recently when the covid lockdown happened. And we almost ended up having the greatest economy growth during this time as ours deflated a minor amount compared to other countries