Morrisons latest idea to boost ponzi house prices, page-17

There are 3 things holding this Ponzi scheme up: 1. tax concessions in particular NG, 2. lack of land supply and 3. non residents buying housing particularly Chinese buyers living in China. The latter accounts for over 20% of real estate sales and investors account for virtually the remainder. First home buyers are negligible, as are owner occupiers upgrading their housing status in the ABS stats. Immigration is an issue but not against the 3 points above - our pop growth is currently less than 3% per annum so this certainly doesn't gel against the fact house prices have grown in some cities by greater than 10% per annum for the last few years - focussing on immigration masks the three key factors, but yes I only support skilled migration and do not believe we should take unskilled labour anymore given the budget situation but even cutting immigration will not address the issue. What Morrison is concerned is with interest rate rises flowing from the US so he is worried the Ponzi will implode unless money is freed from elsewhere rather than addressing the 3 issues above.

As to Morrison - dumb idea totally aimed at keeping Mr Ponzi alive. Seriously what a fool - the idea of superannuation is to cut budget spending in future on the aged pension. All this idiot is contemplating is keep the Ponzi scheme alive and let the future taxpayers pay for aged pensions since they won't have the super to provide their own since they used it for Morrison's Ponzi scheme maintenance. The LNP are a circus.