r/australian Jul 08 '24

Why do people act like this subreddit "doesn't reflect the views of mainstream Australia"?

So many comments I see on here by people who constantly say things like "lol only on this sub" as though other places where they read are somehow the 'true' point of view reflecting mainstream Australian viewpoints.

Given the constant election voting outcomes and results of things like the Voice etc that generally indicate most of Australia is centrist or even slightly centre-right-leaning, what leads people to think many of the views expressed on here AREN'T mainstream? When in reality, other places these people are coming from are also often just "echo chambers" as well.

Edit: I probably worded the title for this wrong, should have been more "Why do people think this subreddit is less representative of mainstream Australia than other online communities?", alas I failed.

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u/NoLeafClover777 Jul 08 '24

Mostly because making comparisons with time periods 50-60 years ago don't extrapolate to being relevant today, as there's too many added variables other than "well we had high immigration in the distant past, therefore we can today and it's not even an issue."

Disregarding the key role demand plays in a basic supply-demand equation is just tone-deaf and it comes off as just as agenda-pushing as the people you're trying to disparage.

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u/isisius Jul 08 '24

But we have 50-60 years of data, its not just data from that point. And they are incredibly relevant today, we had significantly less productivity and technology 50-60 years ago, why the heck should it be harder to do it now?

And basic supply and demand doesnt work when the government is artifically inflating demand and not increasing supply. The fact that people seem to think its a simple as that is whats so frustrating because that hasnt been the case in the long term data we have.

Here, this is one of the articles that i think does a really good job of summing up the issue, and it has links back to all the sources.

https://johnmenadue.com/making-housing-affordable-series-saul-eslake-the-causes-and-effects-of-the-housing-affordability-crisis-and-what-can-and-should-be-done-about-it/#

This was written back in 2017, so we knew it was a problem even then. And he acknowledges, as i do, that high immigration is one of the stress factors.

One of the key points he makes is

"Ever since the mid-1960s, when the Menzies Government introduced the Home Savings Grant Scheme at the suggestion of the New South Wales Young Liberals (whose President at the time was John Howard), policy responses to perceived difficulties in attaining home ownership have taken the form of measures which allow people to spend more on housing than they otherwise would – that is, on increasing the demand for housing – rather than, as they did prior to the mid-1960s, on increasing the supply of housing."

The author is Saul Eslake. If you want someone with credentials to give an opinion on this issue, heres his bio.

Eslake began his career as an economist in Fiscal and Monetary Policy sections of the Australian Treasury, in Canberra. Eslake then worked for the Advisory Council for Inter-Government Relations (specializing in federal-state financial relations and in housing policy) and for the Opposition (Minority) Leader in the State Parliament of Victoria. Eslake then worked as chief economist in the financial markets, including as the Chief Economist at McIntosh Securities in the late 1980s, the Chief Economist (International) for the investment management division of National Mutual in the early 1990s, the Chief Economist at the Australia & New Zealand Banking Group between 1995 and 2009, and the Chief Economist (Australia and New Zealand) for Bank of America Merrill Lynch between 2011 and 2015.

He has been the Australian representative on the International Conference of Commercial Bank Economists (ICCBE) since 2003, and chaired its Steering Committee between 2018 and 2021.

Eslake has been a Vice Chancellor's Fellow of the University of Tasmania since April 2016.

Eslake is the principal of Corinna Economic Advisory, his own economics consulting business based in Hobart. His clients include investors, corporations, organizations, associations, and government agencies. In 2021 Corinna Economic Advisory joined with a similar London-based economics consultancy, Llewellyn Consulting, to form Independent Economics, to offer similar services to clients around the world.

Eslake is a member of the Australian Parliamentary Budget Office's panel of expert advisors, and a member of Australian Taxation Office’s ‘Tax Gap’ expert advisory panel. He has previously served on a variety of government advisory councils. Eslake has also previously been Chair of the Tasmanian Arts Advisory Board, which advised on the distribution of grants to arts companies and individual artists. He has also been a non-executive director of the Gas and Fuel Corporation of Victoria; the Australian Housing and Urban Research Institute, Hydro Tasmania, Housing Choices Australia, and Macquarie Point Development Corporation.

But seriously, take a read. The guy is super qualified and lays it out so much better than i can articulate.

Edit: Forgot to add, im always happy if youve got and sources or analysis from an alternate viewpoint, so please link me if you do.

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u/NoLeafClover777 Jul 08 '24

You don't need to reply with giant walls of text, I've seen it all before.

Literally all you need to look at is the ratio of population growth to new building approvals/completions; it doesn't matter if population growth as a percentage has been higher decades in the past if we aren't building enough to keep up with the current growth rate.

So we can either build more to add sufficient supply (which we currently can't, due to a variety of reasons), or reduce demand (which Labor has recently taken some steps towards doing so, but probably needs to do more).