Socialist wildly claims there is ‘no need' for the housing market
'It's pretty clear your main concern is how people would make profit instead of, oh, it is a way to stop 10,000 people experiencing homelessness every month in Australia,' Mr Van Den Lamb told Sky News host Freya Leach.
'Yeah, we just do not need markets for human need … if a market is an efficient way of distributing something, then why do we have more than 100,000 empty properties in the Melbourne metropolitan area alone, while we have 30,000 approximately in the entire state of Victoria experiencing homelessness.'
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The Age
14 minutes ago
- The Age
First home buyer makes aggressive bid to buy Thornbury property in less than a minute
A major drawcard of the property was its land size of 230 sqm and its location, said Brizzi. 'It's hard to find a villa with a piece of land,' he said. 'It also had a really great feel, which everyone who came through commented on, and people buy homes on feel,' he added. Brizzi said that the market in the area is performing well, especially around this price point. 'It's very competitive and property is selling really fast, which is making it hard to replenish stock,' he said. In Richmond, a revamped four-bedroom Victorian sold at auction for $2.3 million in front of a crowd of around 60. 1 Montgomery Street had a price guide of $1.8 million - $1.98 million and a reserve of $1,965,000. The property has been architecturally renovated and features two frontages, the second with a remote-controlled gate offering secure off-street parking. 'People loved the clever design of the house and how well it was finished,' said selling agent and auctioneer, Elliot Gill from Jellis Craig Richmond. 'The architects, FYC, did a great job on a typical tight Richmond block,' he added. The auction attracted two registered bidders and opened at around the middle of the price guide at $1.9 million. 'The successful bidders were parents buying for their son, and the underbidders were a couple buying their first home,' said Gill. Meanwhile, in Cheltenham, a ready-to-move-in deceased estate was sold under the hammer for $551,000. 4/69-79 Cavanagh Street had a price guide of $420,000 - $460,000 and a reserve of $460,000. The two-bedroom street-front apartment with parquetry flooring and a fenced yard drew a lot of attention from young singles and couples throughout the campaign, said selling agent Angela Limanis from Ray White The Bayside Group. 'Interesting enough, most of the people who came through the opens and the bidders today were young females,' she said. Ultimately, four active bidders took part in the auction, with a young first-home buyer opening proceedings at $400,000. 'There's a famous café down the road, Frank's coffee shop, so I offered some free coffee cards for the first bidder, and although she didn't end up with the property, she didn't walk away empty-handed,' said Limanis. The competitive auction saw the winning bidder, a single, younger female, join the auction in its later stages. 'She was on the phone with her father throughout, receiving guidance,' said Limanis. Loading Limanis said that the market in the Bayside area has been pretty consistent. 'We've had good numbers at our opens, and usually two to four bidders at most auctions,' she said. Diaswati Mardiasmo, chief economist at PRD, said the Melbourne market is holding steady despite last week's rate cut from the Reserve Bank. 'I think, given the rate cut was only a few days ago, and some banks have been slower in passing it on, it hasn't translated into the market yet,' she said. Mardiasmo believes that in a few weeks, when the effects of the rate cut are felt, demand will grow. 'In a fortnight, I think the clearance rate will be higher with more demand and more competitive bidding, especially with first home buyers.'
Sydney Morning Herald
14 minutes ago
- Sydney Morning Herald
First home buyer makes aggressive bid to buy Thornbury property in less than a minute
A major drawcard of the property was its land size of 230 sqm and its location, said Brizzi. 'It's hard to find a villa with a piece of land,' he said. 'It also had a really great feel, which everyone who came through commented on, and people buy homes on feel,' he added. Brizzi said that the market in the area is performing well, especially around this price point. 'It's very competitive and property is selling really fast, which is making it hard to replenish stock,' he said. In Richmond, a revamped four-bedroom Victorian sold at auction for $2.3 million in front of a crowd of around 60. 1 Montgomery Street had a price guide of $1.8 million - $1.98 million and a reserve of $1,965,000. The property has been architecturally renovated and features two frontages, the second with a remote-controlled gate offering secure off-street parking. 'People loved the clever design of the house and how well it was finished,' said selling agent and auctioneer, Elliot Gill from Jellis Craig Richmond. 'The architects, FYC, did a great job on a typical tight Richmond block,' he added. The auction attracted two registered bidders and opened at around the middle of the price guide at $1.9 million. 'The successful bidders were parents buying for their son, and the underbidders were a couple buying their first home,' said Gill. Meanwhile, in Cheltenham, a ready-to-move-in deceased estate was sold under the hammer for $551,000. 4/69-79 Cavanagh Street had a price guide of $420,000 - $460,000 and a reserve of $460,000. The two-bedroom street-front apartment with parquetry flooring and a fenced yard drew a lot of attention from young singles and couples throughout the campaign, said selling agent Angela Limanis from Ray White The Bayside Group. 'Interesting enough, most of the people who came through the opens and the bidders today were young females,' she said. Ultimately, four active bidders took part in the auction, with a young first-home buyer opening proceedings at $400,000. 'There's a famous café down the road, Frank's coffee shop, so I offered some free coffee cards for the first bidder, and although she didn't end up with the property, she didn't walk away empty-handed,' said Limanis. The competitive auction saw the winning bidder, a single, younger female, join the auction in its later stages. 'She was on the phone with her father throughout, receiving guidance,' said Limanis. Loading Limanis said that the market in the Bayside area has been pretty consistent. 'We've had good numbers at our opens, and usually two to four bidders at most auctions,' she said. Diaswati Mardiasmo, chief economist at PRD, said the Melbourne market is holding steady despite last week's rate cut from the Reserve Bank. 'I think, given the rate cut was only a few days ago, and some banks have been slower in passing it on, it hasn't translated into the market yet,' she said. Mardiasmo believes that in a few weeks, when the effects of the rate cut are felt, demand will grow. 'In a fortnight, I think the clearance rate will be higher with more demand and more competitive bidding, especially with first home buyers.'
Perth Now
14 minutes ago
- Perth Now
Ukraine welcomes Australian support, calls for more aid
Prime Minister Anthony Albanese has joined Volodymyr Zelenskiy and world leaders on a virtual hook-up to express support for the Ukrainian president ahead of a key meeting. Ukraine's ambassador to Australia Vasyl Myroshnychenko called for further international pressure on Russia ahead of Mr Zelenskiy's meeting with US President Donald Trump in the Oval Office on Monday (local time). The coalition of the willing, which includes more than 30 nations united in their support for Ukraine, held a phone call overnight (AEST) convened by US Prime Minister Keir Starmer and French President Emmanuel Macron. Mr Myroshnychenko welcomed Australia's support, saying international pressure needed to remain on Russia, including by choking its economy with sanctions to impede its ability to wage war. "It's important you're part of it and Australia is committed," he told AAP. "The main purpose of the coalition of the willing was to help Ukraine win the war on just terms and the way to do it is to put pressure on Russia, put new sanctions on Russia. "What's important is the consistency of that. What's important is Australia keeps on going it." Australia has committed $1.5 billion in support for Ukraine, with the last military aid package of 49 Abrams tanks announced in October 2024. The ambassador called for more support to aid Ukraine's defences, including further armoured personnel vehicles. "We would be very grateful for more assistance," he said. "At the end of the day, Russia didn't commit to anything, they didn't say they were going to stop. "Any security guarantees for Ukraine includes a strong military." Assistant Foreign Affairs Minister Matt Thistlethwaite said Australia remained committed to Ukraine, and while it couldn't move the dial on the war alone, it was effective when it joined like-minded countries. "Obviously, we want to see peace but it can't come at the expense of the Ukrainian people and their territorial integrity," he told Sky News on Monday. Mr Thistlethwaite said he wouldn't pre-empt "what the prime minister may or may not announce over the coming days" when asked about the possibility of further sanctions against Russia. European leaders, including European Commission President Ursula von der Leyen and NATO Secretary General Mark Rutte, will join Mr Zelenskiy in Washington. The UK, French, German, Italian and Finnish leaders will also attend amid concerns the Trump administration could walk back support of the embattled nation as Russia pushes to keep land it has annexed from Ukraine. It follows Mr Trump's meeting with Russian President Vladimir Putin in Alaska over the weekend, when the pair discussed a peace plan following Russia's invasion of Ukraine in 2022. No agreements were announced, but US envoy Steve Witkoff said Russia had agreed to some concessions and "game-changing" security guarantees. Ukraine has rejected ceding any territory to Russia under a ceasefire or peace deal. Mr Zelenskiy has called for a security guarantee, similar to the NATO pact which has a mutual defence article stating that an attack on one member is an attack on all members. Ukraine isn't a NATO member but wants to join the alliance, something Russia opposes. Mr Witkoff said Mr Putin had agreed to allow the US and European nations to offer Ukraine a security guarantee during his meeting with Mr Trump, but Russia still believes NATO membership is "a red flag". "We were able to win the following concession, that the United States could offer article five-like protection, which is one of the real reasons why Ukraine wants to be in NATO," he told CNN. This concession "was the first time we had ever heard the Russians agree to that", he said.
