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Why don't we have 30 year fixed mortgages in Australia like other countries., page-7

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SonicBlast

14,698 Posts.

39

06/08/24

19:58

Post #: 75098351
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Originally posted by Furpo2: ↑

Thanks @SonicBlast

A big reason the farm has been sold to overseas investors is because it is cheap

I remember parity with Canada, Singapore and the greenback.

now the AUD is cheap

OS investors can buy a $1 worth of gas, oil, pilbara iron ore, farmland even like Canadian pension fund
thousands of gigalitres of Murray Darling basin water for a bit over 65c

The why has a lot to do with productivity,
it is complex, but we have far too many public servants who produce nothing
not even one carrot.

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We are a Penal Colony and we are constantly reminded of it by our benefactors.

Where are our Sovereign Funds?
Where are our Industries?
Where is our Independance?
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