Real estate agents are rarely considered the victim. But when it comes to the behemoths of property listings in Australia, estate agents have faced price gouging to the tune of a 5000% price rise over the last 15 years for a 'premium' listing on the market-dominant platform. Without paying for that 'premium' service, properties tend to disappear from search results.

Since the behemoth in question is a subsidiary of (and substantially bankrolling) Australia's dominant media company (i.e. #Murdoch), with a market capitalisation greater than supermarket giant #Coles, here is yet another reason the political duopoly are reluctant to touch structural #TaxJustice issues such as #NegativeGearing or #CapitalGainsTax.

#RealEstate #WealthInequality #Auspol #AusMedia #PriceGouging #HousingJustice #HousingPolicy #housing #PropertyBubble #CostOfLiving #MurdochMedia #MurdochPress

https://web.archive.org/web/20240000000000*/https://www.theguardian.com/australia-news/2024/sep/19/the-bear-at-the-door-estate-agents-say-they-fear-speaking-out-about-realestatecomau-price-gouging

This is very worrying... #ccp #propertybubble and sounds like it's going to be the people who suffer:
https://invidious.snopyta.org/watch?v=YBBnQmRcRI4 or https://www.youtube.com/watch?v=YBBnQmRcRI4

DID YOU KNOW: #TheOlympics is a #gentrifiers wet-dream and does more to hurt people and entrench privilege and access, than most other global events.

Its not something we can sustain, especially not in its current form.

Australia's #construction cartel strikes again.

Remember when everyone poured scorn on #China for their #wasteful construction to boost #GDP?

Well #Australia is following in China's footsteps due to #covid19, offering $150,000 grants to already-wealthy #landowners to #renovate properties.

Because we need to keep inflating that #propertyBubble - and #houses in Australia are just not big enough.

Renovation is fine, but not #moneyPrinting and #taxes to support excesses!