Hoooo boy.
Panellist Simon said he’d totally given up on the dream of owning a place in Sydney. Another, who had been outbid on a property by an investor only days before, told Tilley it was only yesterday she could speak about the process without crying. She said owning a home wasn’t just part of that great Australian dream, it was a human right, that was being eroded by unchecked investment.
Birch disagreed, seeing the tax benefits on offer to investors as crucial footholds on the ladder to financial independence – and to him, the benefit of those opportunities outweighs the inconvenient fact that housing prices are… well, ridiculous. Objectively stupid, at this point, really.
Tudge and Dastyari both unloaded their parties’ perspectives on negative gearing. The former said it’s vital to increase the supply of housing to meet demand, thereby equalising prices. He also said it’s very, very possible to lock up decent housing on the outskirts of major cities – and that Labor’s plan to cut those tax benefits is just ass-backwards.
.@samdastyari says even on $200K it’s tough out there :/ #HackLive https://t.co/2opUUgdFMp
— triplejHack (@triplejHack) June 23, 2016
Of all the topics discussed on the show, it’s quite possible housing availability and affordability are the most salient to a generation that’s just now entering so-called financial independence. It’s also the issue least likely to be solved on a Thursday night panel show, but good Lord, the panellists can take some comfort in knowing it’s become an issue of bloody urgency.
Chef Colin Fassnidge, who grilled Tilley in his commercial kitchen, was of the belief that… yeah, we’re all a bit soft. After rallying against former employees who supposedly ripped cones and smashed pingas before having the audacity to call in sick, Fassnidge said young people should be cheering at the labour environment presented by the hospo industry.
.@fassnidge73 explains his beef with Gen Y #HackLive https://t.co/1PfkNu89h1
— triplejHack (@triplejHack) June 23, 2016
After all, he claims, kitchenhands earn more on penalty rates than the head chef and sous chef do regularly. Those are some beaucoup bucks to be had.
Georgia, who is currently holding down four part-time positions, presented a solid counter-point just through her own existence. She described her working life to a “portfolio”, where slamming those piece-meal gigs might possibly be viable financially – but it’s an absolute killer in terms of existence outside the workplace.
She said it’s all of these factors compounded that are contributing to the grinding rigmarole many of y’all are going through.
The struggle is real, says @fya_org CEO @janowenam #HackLive https://t.co/fpM6I9eBUr
— ABC2 (@ABC2) June 23, 2016
Even if Dastyari was literally braying for it.
you know it’s a spicy debate when they start yelling “CAGE FIGHT!” @tomtilley keeps the peace on #HackLive https://t.co/K7UaJgCZXe
— triplejHack (@triplejHack) June 23, 2016
Source: ABC.