CLANCY OVERELL | Editor | CONTACT
The cultural shift away from fossil fuels and the White Australia policy are two of the biggest factors to consider when discussing why inner-city land bankers can no longer flip properties for 500%.
That’s according to retired golfing retailer, Bruce Keys (68).
In fact, the Betoota Grove-based grandfather-of-three says that political correctness is ruining his nest egg of seven negatively geared inner-city workers cottages, which he accumulated off the back of a single income across one decade.
“These bloody minority groups are ruining our country” he said, ignoring the fact that he just witnessed his property assets go up 25% per year since Gillard was elected, and decided to not sell.
After spending the last decade campaigning to have the inner-city nightlife strip shut down with lock-out laws, Bruce has now run out of excuses as to why his properties aren’t continuing to rise in value at a record-breaking and unsustainable rate.
Other than the known market landmines of identity politics and climate science.
“You can’t run a country on butterflies on wind power!” he said.
In Sydney and Melbourne, the current property downturn is both sharper and more widespread than the two most recent slumps. And the record decline of 9.6 per cent in 1989–91 is almost certain to be surpassed, as the Southern property market begins to rumble.
Bruce says our government is too busy harvesting what little tax he has paid throughout his lifetime, to provide support for asylum seekers and women’s shelters.
“Why should they get to live in an inner city unit when I can’t even get someone to rent any of the seven I own?”
“Don’t get me started on the noisy pubs!”
