This is in response to an article that quotes that Australian 

 housing prices have now all sharply risen since the introduction of a government 5% deposit scam .

Now that the Australian labour federal government and Fat Tony has told us all how good they are , once again ,
and they have just come out with another Australian government scam and they have recently changed the property deposit requirement in Australia.

Australian property investors only  now just need just a measly five percent deposit for their next investment property instead of ten percent .

House prices have now risen sharply,
Because of higher demand generated by the scam.
So what does one expect?

But who is buying all of the  Australian houses?

Of course with a smaller deposit the demand  for housing then rises up as Australians take up this new exciting changes to the rules,
but unfortunately our market supply is exactly the same.

This is actually causing the new price rises and price spikes across certain sectors of the country as the supply of homes  on the currently on the domestic housing market is so tightly squeezed  now ,
by the robust investment market ,
and
Surprisingly, its not actually by our poor and our struggling first home buyers ,
as supposedly that was what the scheme was marketed as and was intended ,
and that the scheme introduced by our government was specifically designed and supposed to help them .
But it certainly doesn’t.
It actually in reality,
does the opposite.

With regard to the government modelling  that they undertook ,
back in the parliament office ,
it would  have clearly showed the the Labour party and the minister responsible for this scheme ,
the clear scenario and the outcome of all of our housing prices rising sharply around  the country including our domestic housing pricing across the sector,
as a direct result of this scam .

So the federal government clearly already knew that this housing price rise would be the direct result of the changes they would make to the housing deposit requirement from property investors ,

Long before they introduced them and in doing so they actually make it heaps harder for the struggling first home buyers ,
but they don’t actually care or give a bugger as it actually somehow works out that it actually accidentally , somehow
advantages all of them ,

They are now buying investment properties flat out and all through their protection of their super funds and their property trusts and family trusts to reduce their personal tax and to build their personal capital wealth and this scam allows their managed companies to buy  many more investment properties.
To rent out at to the disappointed first home buyers at record levels $

All
With a 5% ultra low deposit.
So they can all just buy more .

Brilliant

If the  Australian federal government were actually serious about helping out with our first home buyers and low income families and when it comes to Australian government assisted housing finances ,
they would have instead introduced another first home buyers grant that has proven to be a most effective scheme in this area , and it worked well in the past here ,
and that scheme would directly help those in desperate need ,
and it would not have the same effect  with the mean housing prices on the open market like the 5% rule has done,
and force them all up.

Why change it?

One must think why they have also dropped the requirement of  mortgage insurance?
First home buyers with just a measly five percent deposit are the ones that are most vulnerable to default on a payment or two and need it.

Obviously
The rich people don’t want to pay the insurance brokers any more and they want to pocket the cash instead.

And
Obviously the government don’t actually even care about the struggling Australian 

 people and their real agenda is to actually help the rich Australians and  also foreigners that are investing in the country out with this one ,
and not the struggling first home buyers that they spruiked off about.
it was a  another Australian 

 government lie.

You have been once again  Hoodwinked by our fantastic federal government .

So apparently if we slow migration right down now to change the current situation and housing crisis in Australia ,
But  believe it or not based on the government modelling,
The government minister actually states  to the public that there wouldn’t be even any extra housing available for struggling Aussies , ?
With a straight face.

There is a recession going on by the lack of building in town thats  going on at the minute and I haven’t seen one public house not only this year but for years actually getting built in my area ,
The department of housing have quite a few vacant building  blocks in town that they have owned and left vacant for I recon roughly around forty years .

They cashed some public housing blocks in town for record prices and at a massive profit as the department of housing gets allocated and given house blocks when estates are developed for free , and as part of the developer’s couincil permit requirements.
Hmm
Over the years
Thats a lot of rates wasted .
And very little building going on .

So the five percent deposit guys , Its just another fantastic scheme introduced to us the Australian 

 public by our trusted federal government as something that it’s not .

When are our governments in Australia going to swallow a truth pill?
And govern the country for our people?

Instead of continually governing it for themselves ,
Oh ,
and their rich mates .

Hmm
I am a dreamer.