@henryfudgeofficial: Australia has tons of land and some of the least affordable housing on earth. Not a paradox, a Rentier black hole. fixed land, a banking system that is one giant bet on it, a tax code that pays you to join the bet, and deposit schemes pouring fuel on it. They just started dismantling one part. Here is why I think it will not be enough. We’re taking the Rentier black hole on an international tour, stay tuned for our substack breakdown on Australia and our next destination, Canada! #rentierblackhole #economics #macroeconomics #australia #housingcrisis

Henry Fudge
Henry Fudge
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Wednesday 24 June 2026 13:26:14 GMT
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lukearne3
Lw296 :
I feel like Australia is running behind the UK in everything by about 10 to 15 years. Our health system is also under significant pressure and will likely end up in a similar state to the NHS.
2026-06-25 00:13:35
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kevlarsafe
kevlarsafe :
That’s mad, wealthy parent buys second home to rent…to offspring, low rent means a loss, scores the double whammy - offspring has managed save more because of favourable rent and can get on the housing ladder buying the rented house, parent cashes in on part 2 of the whammy? Is that right, i can’t be right?
2026-06-24 21:32:46
128
livoc2000
LivOC :
Check out the rest of the tax changes. They will be taxing shares, business etc at minimum 30% capital gains tax, and up to 47%. So even if you are a low income earner and make $1000 on shares you give the government $300, it’s mental.
2026-06-25 10:38:22
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eatpraysleep101
dnd :
Henry fudge global tour
2026-06-24 13:34:30
51
zurainc
zurainc :
😁 Yay! So the cgt and negative gearing changes are an improvement, not quite as useless as pouring water into chernobyl, but not as effective as they need to be. Thanks!
2026-06-24 22:06:23
94
0_degrees_north
Connor Besson275 :
yes i was waiting for this one on Australia
2026-06-24 19:08:30
202
celineirving
Seline :
my aunt purchased a standard Sydney house in the suburb Randwick, 1998 or somewhere there, 700k. now worth 4 million.
2026-06-25 02:07:03
32
keithpagenelson
Keith Page 🇨🇦 :
If you publish anything on Canada in paper format I would love to share it in my local government circles here.
2026-06-24 19:29:16
27
amanjameel6
Aman Jameel :
As someone whose moved to Australia from the UK recently. It is also crazy how popular offset mortgages are. These effectively allow you to utilise your mortgage as a high yield and tax free savings account. Any money you put into your offset will reduce the principal that interest can accrue on but you are free to take out the money whenever you like. Given there is no ISA equivalent it’s another way people end up forced to invest into property and not something more productive
2026-06-24 21:46:04
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goingblindmusic
GoingBlindMusic :
Can you do NZ?
2026-06-25 00:14:02
8
jordanharro
Jordan :
Could u pleaseeeee do a video on what u would do to fix it. Different angles and such so we know what to vote for and advocate for come election time!
2026-06-24 23:19:32
10
blinkybilllovesyou
BlinkyBill :
We are a great nation, very poorly governed. Our government has chosen to make life expensive. And the latest changes just make things worse.
2026-06-24 23:00:10
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nicetrayy_
icetray :
Next stop Spain!
2026-06-24 13:39:00
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katrinayeahmate
katrinayeahmate :
Thanks Henry, this was fantastic and so interesting. I have two young daughters here (8 and 10) and worry about their future. Tell me, what would you do if you were living in this economy and trying to protect your children’s future? Buy them a property now to rent out until they can take over the loan as adults? Because I know that just makes the black hole worse, but what else can you do?
2026-06-25 02:28:17
2
edu.ag.9
edu.ag.9 :
Very interesting videos, we have a similar problem here in Spain, i wish you could make a video about it 😁👏
2026-06-24 13:39:53
23
catkingsss
catkings :
Thank you for covering this 💪
2026-06-24 21:13:29
3
badamj1
badamj :
great HF . but what can Australia do ?. Aust. Labor got the tax changes through. house prices have eased already...at least in NDW Victoria...
2026-06-25 08:37:06
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themeezesystem
Meeze :
I’ve been watching for a bit and honestly I find your analyses really good. One interesting thing additionally I think is I’m fairly certain that most Superannuation funds, our legally mandated retirement funds, are invested into property. Thus if house prices fell retirements would fall also. I don’t have figures for it, but I have seen this when looking at some of the ethical business sites (tracking what certain businesses are invested in).
2026-06-25 09:09:58
0
paddington70
Paddington :
House prices in Ontario, Canada are insane and wages going down
2026-06-24 18:20:07
10
maxstunt204
Max5787 :
Henry love this channel, can I ask if there are any good books on the history of this problem? Specifically on rentier black hole? I heard Piketty is good for this?
2026-06-24 14:36:35
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thealyh5
Ali :
Do you think, in general, if rents go down so people’s margin perplexity to spend increases have a more positive impact on the economy than if it stayed with the landlords?
2026-06-24 14:14:57
7
peroukinio
peroukas :
and when labour tries to change the tax preference they are paying in the pols
2026-06-24 15:58:43
12
danieldejan3
Daniel Dejan :
basically the same as Canada. probably a worse housing problem.
2026-06-24 16:24:03
5
justsassysarah
Sarah 🇦🇺 :
So that ‘tons and tons of land’ …much is inhabitable because of no services and Infrastructure.
2026-06-25 02:30:21
0
yeahlikeimtelling
yeahlikeimtellingyoumyname :
You’re trying to coin a phrase here but no other economists are using it.
2026-06-24 17:54:53
2
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