From Australia’s rent-seeker in-chief, Harry Triguboff, comes the following dose of shameless self-interest:
Mr Triguboff said the Trump presidency would likely be to Australia’s benefit, providing a stimulus for business. The caveat, he said, was if Australia’s politicians follow suit in adopting restrictive or isolationist policies.
“Bill Shorten’s stance on 457 visas for (skilled) foreign workers is not good,” Mr Triguboff said…
“Our prices (average for a two-bedroom unit) are down to $950,000,” he said. “It was over a million”…
Despite the Reserve Bank repeatedly flagging risks of an apartment oversupply in inner Brisbane and Melbourne and keeping a close watch on housing prices, Mr Triguboff said its concerns where unfounded.
“There is no housing bubble, I promise you,” he said.
Harry Triguboff is in his 80s. He’s Australia’s richest man. He’s got enough money to live 1,000,000 lifetimes. And still he is spruiking high immigration so that he can sell more apartments, which comes after previously calling for letting people use their super to buy his apartments as well as an Australian population of 100 million.
Then he has the cheek to suggest that a price tag of $950,000 for a two-bedroom shoe box is fair value and that “there is no housing bubble”!
People like Highrise Harry are all about privatising profits from the housing/population ponzi and socialising the costs.
It’s because our politicians and policy makers have listened to people like Highrise Harry that the nation’s economy is so unbalanced and uncompetitive. It’s time for them to cut him off and let him take some pain for once. Better him than the rest of us.
