Australia has a rental crisis and yet we continue to allow foreign entities, including shelf companies, buying and locking up homes.
According to recent publicly available data, NSW Treasury figures as much as $5 billion of residential property is purchased by foreign buyers in one year.
With one in ten homes unoccupied and the rental crisis making Australian families homeless, how dare Minister Farrell sideline my questioning for an opportunity to lobby for a bill which is nothing but a ‘drop in the ocean’ against the Australian housing crisis. A crisis that is caused by unbridled immigration and failure to even inquire as to why so many homes are vacant.
The answer to this crisis couldn’t be more clear: put Australians first!