Mark T

@JessicaDAmir @LeslieHuynh14 I hold no hope for any Australian political party. Bunch of clowns, the lot of them

@LeslieHuynh14 Hopefully a new government in the next election can do better

Lucky Country? My rent went up $100 a week, more than Albanese said. My power bill tripled. OECD: “Australia is becoming poorer.” The Productivity Commission: “Australia’s living standards have gone backwards & the trend will continue unless we lift productivity, encourage investment.”

@wolffdew Such a fine line between perfect amount of pasta water and too much pasta water.

Creamy chicken and spinach pasta with cherry tomatoes. I accidentally added too much pasta water

@rationalaussie Whats going to happen is, Labor will get voted in again, mass migration will continue, inflation will increase further eroding away the AUD and everything, including house prices, will continue to climb. No one will riot, no one will do a thing except complain online.

10 years ago, housing in Australia was a disaster, but the future was still legible. AI wasn't about to take your job, career paths were still (just barely) a thing, things didn't get more expensive every year, and you could feasibly make something of yourself if you tried. It's not the same today. We live in a deeply corrupt, rigged system. The people who purport to represent us flood the country with third world immigrants, housing is a disaster both to rent and to own, jobs are being taken by AI at one end and offshored to Indians on the other, corporations don't train people anymore, every year everything is more expensive, and there is no future that is legible to anyone who has actually bothered to think about it for more than 5 minutes. Like, what are we doing here? What's the end play? Because the default path is fairly obvious, right? If you disempower enough people eventually they revolt. If you think that will be peaceful, you are a moron. We, unfortunately, are led by morons.

@AvidCommentator Sales prices were falling before the budget also.

"Just look at what the changes to negative gearing have done to rents" - Narrative Meanwhile, rents were already rocketing prior to the federal budget...

@Jelitics Nasty

One of the strangest gambling experiences I’ve ever had. I had $1.5M on Max Holloway, but minutes before the fight started I got this overwhelming gut feeling to cash out and put everything on Conor McGregor instead. Conor comes out throwing a flying kick… then injures himself and can’t continue. Whether he was already hurt before the fight or not, I don’t know. That’s just how it felt in the moment. This was easily one of the most tilting nights of my life. It felt like every decision I made was destined to lose. I think I’m done gambling. This may have been my last bet ever. Maybe the universe had other plans for me, and I needed to lose tonight to be pushed onto a different path.

@ctindale Bang on. So whats preventing the money printer to fire up, stimulus checks rolled out, FHB incentives introduced and migration increased. Form says this is whats coming.

The Australian economy isn’t working anymore , it’s collapsing and only being held together by foolish govt debt based life support. Like 80% of NDIS spending . Instead of building real industries or raising wages, we’ve turned the whole thing into a giant real-estate Ponzi scheme. House prices keep inflating, people borrow against that paper wealth to keep spending, and the entire “growth” story now depends on ever-rising debt. The RBA is actively pushing the financialisation of housing so ordinary wages get sucked straight into the banks. Central bank independence isn’t working for Australians it’s working to financialize workers wages for benefit of the banking sector . Banks don’t create any new wealth , they’re just unremarkable middle-men skimming rent from the rest of us. It’s a classic debt-enslavement trap. To hide how broken the system really is, governments have opened the floodgates to mass immigration. It pumps up the GDP numbers, props up the housing bubble with more buyers, and creates a bigger pool of voters for short-term political gain. And the money doesn’t even stay here: in 2022 alone, Australians sent USD 6.546 billion overseas in remittances , enough to rank Australia among the world’s top 25 remittance-sending countries and equal to 1.4 % of all global remittances. That flow has grown faster than the global average since 2000, with the biggest shares going to China, India, Vietnam and the Philippines, plus major contributions to Pacific island economies like Tonga, Samoa, Vanuatu and Fiji. In other words, Australian wages are now subsidising foreign economies while the same immigration surge drives up rents and house prices at home. It’s a cynical, disgraceful tactic: use immigration to paper over an economic crisis and rig the electorate, while the country’s long-term social fabric, infrastructure, wages and affordability are quietly destroyed. The supposed “growth” is mostly just more people and more debt , not prosperity. Sooner or later the bubble pops, and the bill lands on ordinary Australians. Sooner has arrived .

@matt_barrie Hey Matt, Would currencey debasement just mean that everything will continue to get more expensive? Why woukd housing be any different I understand the panic and lack of confidence at the moment, but that will pass. There has to be somewhere safe to park cash.

totally normal 6.85% per annum fake CPI has averaged 2.66% broad money supply 8.32% it's all currency debasement from money printing + home loan issuance 🇿🇼

@PinguCapital @LouiChristopher @cmkusher What if the population continues to grow?. Albos little outing last night suggests we're getting alot more people over the next couple of yrs.

You think demand would increase during a recession? I have very, very bad news for you…

I am working on a much larger article on the latest Building Activity data but these two charts were of particular interest. We are not starting anywhere near enough new dwellings to hit the Housing Accord target but we also have a big problem with getting new housing finished too. The number of dwellings under construction nationally over the quarter was 243,864 which was a record-high and that will eventually flow through to completions. But that isn't happening in a timely manner. It is a particular problem for other dwellings which are just taking too long to complete. Over the March 2026 quarter, new house commencements were 30.8% of the total number of houses under construction, conversely new other dwelling commencements represented 13% of the total number of other dwellings under construction. When you are on the clock to deliver housing quickly, you can't discount any housing type but you need to focus on what can be delivered quickly. Other dwellings, particularly those in large scale projects are taking far too long to be delivered to significantly impact the Housing Accord target. For the period to June 2029 there should be much more focus on delivering detached houses, townhouses and medium density new housing which can be delivered much quicker and cheaper than high density apartments can.

@peters_malcolm One of the solar places i contacted for a quote were literally based in India and quoted the job over Google earth. They didn't know what to do when they realised the address was still an empty lot.

In the last week I have spoken with 5 solar companies getting quotes. They all have Indian men who have a very cursory understanding of English. When trying to explain complex detail they simply do not understand. Very frustrating.

@BarbaraPocock How about incentivise investment in housing instead of punish it?

Renters are paying record $$ from $600 a wk in Melbourne - $850 in Sydney. At every housing inquiry hearing we're hearing stories of people struggling to keep a roof over their head. Renters need help. Rent caps, affordable rents & public housing. Now. tinyurl.com/3u4c3m6v

@PinguCapital @LouiChristopher @cmkusher That sounds like it would cause building to pretty much stop and demand to increase pushing up prices of existing housing. Especially couple with currency debasement

@MarkTattam @LouiChristopher @cmkusher Housing crash accompanied by a recession will see conduction costs fall 30-50%. That’s both materials & labour. That is what happened post GFC in the USA.

@justnictings I feel partly responsible for this

Ok I’m sick of people assuming I’m a guy so I’ve finally caved and have a selfie as my icon. Confirmation I’m also not Lisa Simpson

@LouiChristopher @cmkusher Ive just finished a build so I know how high costs are. My questions is can building costs come down during a high inflation environment? I'd think not but i dunno. If not then how can existing home prices crash?

I have some fairly strong, anecdotal evidence that many Sydney projects are stalling on the ground and a large number of developers/constructors are doing it very, very tough. Many of them geared on high lending rates. End valuations not stacking up any more. Cost over runs. Investors very likely to walk away on settlement.

@cmkusher He did exactly what he needed to do to prove himself an origin player.

I am going to catch some strays here but the narrative that the Nathan Cleary at Origin level debate is now settled is a bit laughable. He did have a very good game and has finally won an Origin decider after how many attempts? He was also pretty terrible in games 1 and 2.

@RNEditss Qld built a dynasty on bullshit calls. I feel no sympathy about last night

Who else is old enough to remember this try being given?

@justnictings The guy hiding behind a Lisa Simpson pic says the duel international and state of origin winner is......no good.

Can’t wait to see the back of Mark Nawaqanitawase tbf. The furthest thing from an Origin player

@LeagueFreak Fuck off

Just a reminder that since 2013 the NSW team has been "coached" by either Laurie Daley or Brad Fittler in all but one series. The one year that we had an NRL quality coach in that time we won the series. #RugbyLeague #NRL

@toddvs35 Maybe find some vision of him touching the ball.

He’s touched that… lol That’s a bunker howler #Origin

@oliverjanik @Ausproperty95 You cant live in coffee. The point is house prices haven't gone up as much as it seems. The currency has gotten far less valuable

@MarkTattam @Ausproperty95 Instant coffee isn't half my income.