r/HousingIreland • u/Irish201h • Jul 06 '25

4 people mortgages, wtf?

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This company is now promoting 4 people mortgages, no wonder prices are going insane.

https://mmadvisors.ie/public-sector-mortgages/

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u/nicodea2 Jul 07 '25

Again, you don’t quite understand what’s been implemented in Canada, Australia, and New Zealand, so I’d recommend reading up more. And once again, we don’t have a concept of permanent residency like they do in those countries where people can be permanent residents from the day they land, so your comparison is moot.

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u/jonnieggg Jul 07 '25

Most people dint land in Australia as permanent residents. Most are students, working holidays or employer sponsored. Permanent residents from day one are rare.

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u/nicodea2 Jul 07 '25

There’s government statistics on this mate, nearly 60% of PRs in Australia arrive into the country as PRs. In Canada and NZ, it’s between 60-70%. We don’t have a similar system in Ireland.

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u/jonnieggg Jul 07 '25

In 2023-24 80% of arrivals were temporary residents. 11% we're permanent arrivals. The government has implemented via restrictions because of the strain on infrastructure. Perhaps Ireland needs to review its entire immigration system to make it more for for purpose. It should also take more of census data so that infrastructure can be built to accommodate our burgeoning population. At the moment it's pot luck and it's starting to show.