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Melbourne goes from among the most to least expensive capital cities

⁨81⁩ ⁨likes⁩

Submitted ⁨⁨1⁩ ⁨day⁩ ago⁩ by ⁨vividspecter@aussie.zone⁩ to ⁨australia@aussie.zone⁩

https://www.abc.net.au/news/2026-01-19/melbourne-house-prices-affordable-capital-city/106210992

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Comments

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  • SarahFromOz@lemmy.world ⁨1⁩ ⁨day⁩ ago

    So increased land taxes and unoccupied home taxes do work to stop prices rising quickly. Now take away negative gearing and CGT discounts and do all of this across the country!

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    • Candice_the_elephant@lemmy.world ⁨3⁩ ⁨hours⁩ ago

      Also building more public housing and zoning laws favouring YIMBYs.

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    • Taleya@aussie.zone ⁨1⁩ ⁨day⁩ ago

      that and a whole slew of minimum standards that now making being a slumlord cunt very *very *unattractive

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    • shads@lemy.lol ⁨1⁩ ⁨day⁩ ago

      You’re kidding right? I know at least 3 people personally who would riot if that happened and one of them is a politician. Line must go up, if line doesn’t go up it’s time for a new government, if line doesn’t go up enough time for a new government, hell if line goes up in the wrong way time for a new government.

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      • SarahFromOz@lemmy.world ⁨1⁩ ⁨day⁩ ago

        I wonder if there will be a riot/strike anyway?

        I mean how long before people refuse to work just to pay someone else’s mortgage?

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    • TheHolm@aussie.zone ⁨1⁩ ⁨day⁩ ago

      And this will kill all small landlords, and we will end-up in situation like UK where single company can own all rental in a city. Dare to say something they do not like, you have to move.

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      • redwattlebird@lemmings.world ⁨9⁩ ⁨hours⁩ ago

        In a housing crisis, there shouldn’t be any landlords.

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      • shads@lemy.lol ⁨17⁩ ⁨hours⁩ ago

        My previous landlord shutdown his Electrical business because it makes less sense to funnel money into keeping a business operational than to just use it to buy more property. When we have small businesses shutting down so people can join the landlord class is it at least worth considering that something is askew in our economy?

        If the political will existed then we could tackle monopolistic property ownership through regulation anyway. In the event we get politicians to legislate against their own cashcow then having them legislate against lobbyists shouldn’t be that hard.

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    • fizzle@quokk.au ⁨1⁩ ⁨day⁩ ago

      The article lists the policy settings as only part of the picture, amongst economic and demographic shifts.

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  • SaneMartigan@aussie.zone ⁨1⁩ ⁨day⁩ ago

    Anyone know of somewhere to report vacant houses? I walk past a bunch that’ve been vacant for years now.

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    • Catfish@aussie.zone ⁨35⁩ ⁨minutes⁩ ago

      There are squatters networks if you wanted a different approach on that

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    • CurlyWurlies4All@slrpnk.net ⁨13⁩ ⁨hours⁩ ago

      purplepingerstm@gmail.com

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      • SaneMartigan@aussie.zone ⁨12⁩ ⁨hours⁩ ago

        I was hoping for more of an official ATO link.

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    • Nath@aussie.zone ⁨12⁩ ⁨hours⁩ ago

      Southbank had residential high-rise buildings that were at least 60% empty ten years ago - and that’s being generous. It seemed like they were nearly empty. From the outside at 8 pm, there were barely any lights on to indicate the presence of people in there.

      They were owned by people overseas and kept in pristine condition to maintain a higher value. Is that still going on?

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      • SaneMartigan@aussie.zone ⁨11⁩ ⁨hours⁩ ago

        IDK but probably. God dam richers.

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  • reddig33@lemmy.world ⁨1⁩ ⁨day⁩ ago

    Capitol/capital is one of the stupidest word pairs in the English language. Like, why didn’t they just settle on capitol for the seat of government including both the city and the building? And then use capital for large letters and money-related terms?

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