Tom Panos exposes major problem with housing in Australia
Daily MailTop auctioneer Tom Panos says the combination of mass immigration and council red tape is causing Australia's housing crisis. Top auctioneer Tom Panos says that immigration is to blame for Australia's housing crisis In the year to March, a near-record 509,800 migrants on a net basis moved to Australia, thanks to a big influx of international students during a rental crisis Mr Panos said it is not just the economics of supply and demand that have created the housing crisis but also local councils rejecting development applications. 'Local councils need to get punished if they don't meet the various quotas to have 'X' amount of new properties put into their areas,' Mr Panos said. Contrary to popular belief on social media, Panos said real estate agents aren't to blame for the housing crisis Contrary to popular belief on social media, Panos said real estate agents are not to blame for the housing crisis.
History of this topic
Tom Panos warns of worrying trend he observed while holding auctions across Australia
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