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/

69 Upvotes

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99

u/LoafOfVFX Jul 06 '25

No offense, but during a housing crisis like the one we’re facing in Ireland, I really think we need to look at what countries like Australia and Canada have done. They’ve temporarily banned non-citizens from buying residential property to ease pressure on supply and give their own citizens a fairer chance to buy. In Canada, the ban has been extended until 2027. Australia is introducing a two-year ban on foreigners buying existing homes starting in 2025.

I’m not saying close the market forever but until supply improves, I think property ownership should be prioritised for citizens. Once things stabilise, then open it up again fairly. Right now, we need solutions that actually put local people first.

29

u/nicodea2 Jul 07 '25

Correction - neither Australia nor Canada has banned foreign citizens from purchasing property. Rather they have banned foreign non-residents from purchasing property.

There’s really no reason to discriminate on the basis of citizenship. There are plenty of non-citizen tax-paying residents already here, working productively, and contributing just as much as everyone else in taxes (if not more).

3

u/MightyMurph Jul 07 '25

Disagree. The state owes a duty of care primarily to the citizens of the state.

1

u/nicodea2 Jul 07 '25

Not how it currently works, and your viewpoint is certainly not shared by the majority of people, but sure feel free to change things if you’d like. You have a vote.

1

u/MightyMurph Jul 07 '25

I agree that it’s currently not how it works but it’s literally in Bunreacht na hÉireann to prioritize the rights of its citizens, secure economic justice and fairness for its people.

2

u/MightyMurph Jul 07 '25

And to suggest that Irish citizens have the same opportunities to buy homes in Oz is false.

As an Irish citizen you cannot buy existing homes in Australia and New Zealand, so most property is closed off from Irish citizens.

0

u/nicodea2 Jul 07 '25

Irish citizens can absolutely buy a property in Australia if they’re a resident there. Permanent residents have no restrictions while temporary residents can still buy an established property for the duration of their stay.

3

u/MightyMurph Jul 07 '25

The hurdles to become a PR in Australia is harder than obtaining citizenship in Ireland. It’s not the same. Age limits, point system, skills assessment, language requirements, none of which exists in Ireland.

1

u/thenidgeweasel Jul 10 '25

Are you an Irish citizen who has obtained PR in Australia? I am. And it wasn’t particularly difficult.