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Australian property crash

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oneonesit View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote oneonesit Quote  Post ReplyReply Direct Link To This Post Posted: 02 Nov 2018 at 8:28am
Had a good friend do just that. Sold her business / house & just and just moved down there by herself about 3 mths ago. No regrets so far. Gutsy.
Give peace a chance
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Softy Quote  Post ReplyReply Direct Link To This Post Posted: 02 Nov 2018 at 8:30am
Originally posted by Tlazolteotl Tlazolteotl wrote:

Originally posted by Dr E Dr E wrote:

Three settled house sales is a property boom in poor old Tassie.

No population growth drivers - although they are experiencing a poulation Boom at present - nice place to visit, no reasons to invest there.


There is an extremely good reason to move to Tasmania- it's going to be intolerably hot up here. I've always planned on moving there but it looks like I'm not the only man with a plan. OK are there any other non-stinking hot places in Australia? Might have to move to Glasgow.Tongue

King Island has developed a nice Golf course among other items Tlazolteotl.
It used to be quite windy there though but as long as you keep your head under the 2 metre mark you should be fine.
Tongue
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Post Options Post Options   Thanks (0) Thanks(0)   Quote maccamax Quote  Post ReplyReply Direct Link To This Post Posted: 02 Nov 2018 at 11:00am
The only reason Tasmania would see me, is when I'm on my way to Hell.

I'm Trying & Praying to be accepted into Heaven ( I want to avoid the EX )

    Fixing up the affairs ( still preying )



























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Dr E View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Dr E Quote  Post ReplyReply Direct Link To This Post Posted: 02 Nov 2018 at 2:37pm
36 c in Sydney today - snowing above 600 m in Tassie tomorrow.

When Sydney hits 56 c average in Spring, could be nice living in Tassie!

With predicted global temperature increases modeled at between 0.05% and up to TWO PERCENT!!!Cry by the end of the century, the move to Tassie might be on hold for a few millennia yet ... Unhappy

In reference to every post in the Trump thread ... "There may have been a tiny bit of license taken there" ... Ok, Thanks for the "heads up" PT!
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Softy Quote  Post ReplyReply Direct Link To This Post Posted: 02 Nov 2018 at 2:56pm
Speaking of Tassie and its current weather conditions, I believe the weather in Melbourne tomorrow is going to be quite similar to when Northwest Passage won the 2017 Tasmanian Derby for leading Sydney trainer Gai Waterhouse.
On a side note, and with relevance to this thread, current economic conditions should provide stability in the property market down here for at least the medium term.
Smile



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Dr E View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Dr E Quote  Post ReplyReply Direct Link To This Post Posted: 02 Nov 2018 at 3:13pm
Tasmania doesn't really count when discussing "markets" of any kind - simply too small - Tasmania has a smaller population than Newcastle, and doesn't have any of the growth drivers.

The joke is that you still get as much representation in the Upper House as every other state - wtf is that all about??? 
In reference to every post in the Trump thread ... "There may have been a tiny bit of license taken there" ... Ok, Thanks for the "heads up" PT!
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Softy Quote  Post ReplyReply Direct Link To This Post Posted: 02 Nov 2018 at 3:20pm
At what point do you discount market size Dr?
Just wondering as it may be something that is affecting your political mathematics.
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Dr E View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Dr E Quote  Post ReplyReply Direct Link To This Post Posted: 02 Nov 2018 at 6:32pm
A small city that is not reliant on a couple of industries is acceptable - Newcastle is really an outlying suburb of Sydney these days, so is acceptable. Brisbane, Melbourne, Sydney, at a pinch Perth ... Adelaide is mainland Tasmania, with less appeal.  Wink

... btw I don't like to skite, but for your information, I DID receive an Achievement Award for Mental Arithmetic when I was in 4th grade. I know, thank you.
In reference to every post in the Trump thread ... "There may have been a tiny bit of license taken there" ... Ok, Thanks for the "heads up" PT!
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Second Chance Quote  Post ReplyReply Direct Link To This Post Posted: 02 Nov 2018 at 6:35pm
Was that awarded after your 2nd or 3rd year in fourth grade Doc? Big smile
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Whale Quote  Post ReplyReply Direct Link To This Post Posted: 02 Nov 2018 at 6:41pm
Originally posted by Second Chance Second Chance wrote:

Was that awarded after your 2nd or 3rd year in fourth grade Doc?  


LOLLOLClapClap
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Dr E View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Dr E Quote  Post ReplyReply Direct Link To This Post Posted: 02 Nov 2018 at 10:27pm
LOL
In reference to every post in the Trump thread ... "There may have been a tiny bit of license taken there" ... Ok, Thanks for the "heads up" PT!
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Dr E Quote  Post ReplyReply Direct Link To This Post Posted: 02 Nov 2018 at 11:21pm
Originally posted by Dr E Dr E wrote:

Please understand, this is extremely tedious, as I researched this more than 2 years ago, and have shared it a number of timed in here, as well as on social media.

The encouraging thing is that it is now being spoken about by the government - Malcolm didn't bother during the election - yet another act of sabotage by the Green ALP Leader?

Anyway, the fact is that the information is NOT easy to find - the ALP don't want the facts easy to find because it is a typical ALP populist policy of ENVY - they were selling it to the lazy uninformed masses, and it is easy to sell it on the basis that the evil, greedy property investors must be punished - it's an easy message to sell, and the figures that I found when delving deeply into the various reports boiled down to a couple of simple "estimated" numbers.

1. The tax grab over 10 years was widely promoted as $32 billion - no secret there, boasted about constantly, didn't even bother questioning it, although it would just be pissed up against the wall anyway, but that is not the argument here.

2. The initial impact was quoted to be a "minor" decline across all residential real estate values of an average of 2% - which helps first home buyers, not at all! ... thus destroying THAT claim - and then a "minor" decline in projected capital growth of 0.49% p.a. 

3. By simply capitalising the loss and compounding the reduction in capital growth and applying it to the current value of residential real estate in Australia, the result is a "conservative" $500 billion reduction in future values in 10 years time. Note: The current values are actually higher than when I did the calculations over 2 years ago, so the figures would now also be higher.

4. That works out to be about $60-70,000 per average property across the country or 10- 12% of current values.

5. If these estimates are out by fractions of a %, that cost could double or triple.

6. Many Australians retiring in the next 10-15 years have little or no super or savings, their wealth and retirement strategy is around selling their home or investment property and "downsizing" ... that means that this policy WILL reduce the funds available to a huge number of "Baby Boomers" in retirement, and as soon as they run that money down, there will be a massive Welfare "Black Hole" ... not $500 billion, but lets say half of that, or a quarter ... who will be paying for that? ... the government?

7. Not only a Welfare Bill for future generations, but, there goes the inheritance! ... double whammy for the kids ... ouch! (They'll be hoping that Global Warming destroys the planet!)

8. I haven't even gone into the issues related with a segmented, new and used property market, where "new" buying will be restricted to investors ... that has massive problems to evolve if owner occupiers are priced out of new, and restricted to old stock ... market manipulation with this kind of clear segmentation is fraught with danger.

9. So this policy costs the > 60% of the population who have real estate  a lot of money + their heirs (so everyone!), and does virtually nothing to placate the whinging whining Millennials who can't afford to buy a house in Wentworth! 

... it is simply another reflection of the ideology of the left - destroy aspiration, penalise anyone who tries to create wealth (so that they might not be a burden in retirement), manipulate markets, make everyone reliant on the "state" who accordingly take full control of our lives ... like Venezuela.

Add the tax on Self Funded Retirees who are invested in the share market, and these policies, PROPERLY EXPLAINED AND UNDERSTOOD should sink ANY party in a democratic capitalist society, surely?

I really couldn't be bothered going back over the source material, but it's there to be found, not prominently displayed, for the reasons I mentioned, and I'm guessing unchanged for the past 2 years or more.

If you can find data that the ALP and their think tanks have provided that gives a different outcome, as always, I'm happy to be corrected, but, if it was all leading to a "good" outcome ... why is it so effectively hidden?Wink

In reference to every post in the Trump thread ... "There may have been a tiny bit of license taken there" ... Ok, Thanks for the "heads up" PT!
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Post Options Post Options   Thanks (0) Thanks(0)   Quote maccamax Quote  Post ReplyReply Direct Link To This Post Posted: 02 Nov 2018 at 11:53pm
It is all   R over Z Doc.     How can a couple , both on pensions , live in 5 million Dollar House and then the property is inherited by family.
   The Public Purse is the big loser.
At least a percentage of these payouts should be taken from an estate over a certain figure . (say) 1 million.



























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Post Options Post Options   Thanks (0) Thanks(0)   Quote acacia alba Quote  Post ReplyReply Direct Link To This Post Posted: 03 Nov 2018 at 12:01am
Newcastle is really an outlying suburb of Sydney these days,


I dont think so !!     Newie is not at all like Sydney.    For starters we dont have all the racial divisions going on .  Its a white anglo city . Thumbs Up    Mostly Wink   No immigrants forming their own little city within a  city.  Like Lakemba.    Its like Sydney was 20 years ago.   Thumbs Up
animals before people.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Dr E Quote  Post ReplyReply Direct Link To This Post Posted: 03 Nov 2018 at 12:31am
Originally posted by maccamax maccamax wrote:

It is all   R over Z Doc.     How can a couple , both on pensions , live in 5 million Dollar House and then the property is inherited by family.
   The Public Purse is the big loser.
At least a percentage of these payouts should be taken from an estate over a certain figure . (say) 1 million.

You mean like they do in North Korea?

No, that is wrong, that is the politics of the left, to take and redistribute wealth, to the unworthy, until the people who were aspirational and clever enough and entrepreneurial enough to build a nest egg, just give up and join all the other bludging faceless drones ... and then there is nobody to take wealth from and the whole place goes to gelati ... like every other Socialist regime in history.

No wealthy person ever made anyone else poor, quite the opposite.

Besides, if they change the laws, it is never the wealthy who suffer ... they just find another loop hole, because they can, because they can afford to!

OK, a couple living in a $5 million house shouldn't receive a pension ... that ain't right.

In reference to every post in the Trump thread ... "There may have been a tiny bit of license taken there" ... Ok, Thanks for the "heads up" PT!
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Dr E Quote  Post ReplyReply Direct Link To This Post Posted: 03 Nov 2018 at 12:34am
Originally posted by acacia alba acacia alba wrote:

Newcastle is really an outlying suburb of Sydney these days,


I dont think so !!     Newie is not at all like Sydney.    For starters we dont have all the racial divisions going on .  Its a white anglo city . Thumbs Up    Mostly Wink   No immigrants forming their own little city within a  city.  Like Lakemba.    Its like Sydney was 20 years ago.   Thumbs Up

It's a good part of Sydney aa, there are some good bits! ... people do commute to Sydney for work, it is a part of the Sydney sprawl now. 
In reference to every post in the Trump thread ... "There may have been a tiny bit of license taken there" ... Ok, Thanks for the "heads up" PT!
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Post Options Post Options   Thanks (0) Thanks(0)   Quote maccamax Quote  Post ReplyReply Direct Link To This Post Posted: 03 Nov 2018 at 1:06am
Doc.. I'm surprised this isn't forced onto asset very rich, cash poor
pensioners . ( NO Lump sums allowed and up to 150% above the pension.)
Interesting that it's not widely known .    BANK Reverse mortgages can be a trap as Lump sums are often stolen or wasted.
-----
Pensioners will be able to use the value of their homes to get extra income under a plan that will see the government step in where banks have dominated.

Dubbed the “pension loan scheme”, the scheme has actually existed since the 1980s, but until now it has been virtually dormant because it is highly restrictive and, ironically, not open to all pensioners.

Under terms laid out in the budget, the scheme will be open to everyone over pension age (about 1.8 million homeowners) and may well prove popular as trust in the banking industry — which dominates the reverse-mortgage market — is at its lowest following revelations in the banking royal commission.
With huge increases in the value of family homes across Australia, many pensioners are asset-rich and cash-poor. Although they do not suit everyone, a reverse mortgage allows the homeowner to draw an income from a loan underpinned by the embedded value of the home. Under reverse-mortgage arrangements, the homeowner takes a loan at a fixed rate.
The specific advantage of the new, government-backed scheme will be a lower interest rate compared to private providers such as banks: under the relatively obscure government reverse-mortgage scheme, the interest rate is now 5.2 per cent fixed, compared to rates higher than 6 per cent in the commercial market.

The government has also eased restrictions on the scheme, increasing the maximum fortnightly allowable income stream to 150 per cent of the Age Pension rate.
Though it was introduced more than 30 years ago, only about $30 million has been put through the government scheme, which in terms of the home-loan market is minuscule. In policy terms, the initiative fits with the government’s broader effort to encourage older Australians to stay in their homes for longer. Under the plan, retirees must receive an income stream that may be up to $11,799 for singles or $17,787 for couples but they cannot get a lump sum.



























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Post Options Post Options   Thanks (0) Thanks(0)   Quote Dr E Quote  Post ReplyReply Direct Link To This Post Posted: 03 Nov 2018 at 1:15am
No macca, you can't force people to do that - that is called Communism! ... the ALP will do it.

Interesting facility, good opportunity to spend the inheritance, but only for cash flow, no lump sum for the world cruise! ... the reverse mortgage option they mention allows up to about 50% of the home value to be borrowed, with no repayments, interest is just capitalised (added to the loan) monthly ... Star City Look Out! ... then back on the pension.
In reference to every post in the Trump thread ... "There may have been a tiny bit of license taken there" ... Ok, Thanks for the "heads up" PT!
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Post Options Post Options   Thanks (0) Thanks(0)   Quote maccamax Quote  Post ReplyReply Direct Link To This Post Posted: 03 Nov 2018 at 1:42am
Originally posted by Dr E Dr E wrote:

No macca, you can't force people to do that - that is called Communism! ... the ALP will do it.

Interesting facility, good opportunity to spend the inheritance, but only for cash flow, no lump sum for the world cruise! ... the reverse mortgage option they mention allows up to about 50% of the home value to be borrowed, with no repayments, interest is just capitalised (added to the loan) monthly ... Star City Look Out! ... then back on the pension.


Star City runs 2nd to the kids.       I can understand too, I've got quite a tribe,   with me being the oldest of my 5 generation family living.
   The reliable % is well below evens when it comes to Finance managing.

I meant more along the lines of, a scale of pension reduction related to
property valuation.
   Why should Malcolm & Lucy qualify for the aged pension ( After they have been to Star City ).



























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Post Options Post Options   Thanks (0) Thanks(0)   Quote Dr E Quote  Post ReplyReply Direct Link To This Post Posted: 12 Nov 2018 at 12:02pm
Great news for all of those "useful Idiots" who are attracted by the politics of envy!

27 years of economic growth, but the ALP want to change the rules.

I hope everyone is prepared for "the recession we had to have".

#nevershorten

Labor’s negative gearing changes to apply to all investments

The Tax Institute has issued a statement providing further details of the Labor Party’s plan to introduce restrictions on negative gearing.

The Institute’s senior tax counsel Robert Deutsch says he has been able to confirm with the ALP that the proposed changes to negative gearing would apply across the board to all investments.

“Previously it was thought that Labor’s negative gearing restrictions might only apply to property investment,” Deutsche says.

Labor’s policy statement says it will “limit negative gearing to new housing from a yet to be determined date after the next election. All investments made before this date will not be affected by this change and will be fully grandfathered.”

Labor says taxpayers will continue to be able to deduct net rental losses against their wage income, provided the losses come from newly constructed housing.

Losses from new investments in shares and existing properties can still be used to offset investment income tax liabilities. These losses can also continue to be carried forward to offset the final capital gain on the investment.

Deutsch says: “The overall impact of Labor’s negative gearing proposals is not likely to be nearly as draconian as some sectors seem to be suggesting. The good news is that the proposed restrictions would apply on a global basis.

“This means that taxpayers would need to look at the totality of their investments. If the total of the interest and deductions related to investments exceed the investment income, the excess will not be able to be used for offset against other non-investment income. This excess will need to be carried forward for offset against future investment income or capital gains.

“Importantly, you will not have to look at each individual investment or any particular asset class. That would have been an onerous and cumbersome exercise.

“Labor’s rules would allow people to hold four, five or six investment properties, with some positively geared and some negatively geared. Provided the overall positives exceed the overall negatives, there will be no problem.
“For investors, this is at least some good news and actually brings us into line with what happens in many other countries, for example the United Kingdom.”

While there has been plenty of criticism of Labor’ policy, the Grattan Institute published a report in 2016 that said negative gearing changes should go further, removing the deductibility of losses from passive investments from wage and salary income altogether.

The report says: “In Australia, negative gearing goes beyond broadly accepted principles for offsetting losses against gains. It diverts capital from more productive investments without greatly increasing housing supply.

“Like the capital gains tax discount, negative gearing primarily benefits those on high incomes. Australia should follow international practice and not deduct losses from passive investments from labour income.”

Grattan says its proposal, along with reducing the capital gains tax discount from 50 per cent to 25 per cent, would bring down house prices by up to 2 per cent.”

http://www.shedconnect.com/labors-negative-gearing-changes-to-apply-to-all-investments/ ;

In reference to every post in the Trump thread ... "There may have been a tiny bit of license taken there" ... Ok, Thanks for the "heads up" PT!
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Whale Quote  Post ReplyReply Direct Link To This Post Posted: 12 Nov 2018 at 12:09pm
Thanks for your impartiality posting that article. It basically says the changes are a good thing and the effects would be minimal Thumbs Up
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Dr E Quote  Post ReplyReply Direct Link To This Post Posted: 12 Nov 2018 at 12:40pm
Whale, this is of NATIONAL importance ... if anyone intends voting for these ECONOMIC TERRORISTS, they should know what is in store for them, shouldn't they?

This is pure and simple, the POLITICS OF ENVY.

You do know that this is a blatant lie, don't you?

“Like the capital gains tax discount, negative gearing primarily benefits those on high incomes."

1.4 million people hold ONE investment property, less than 30,000 people own 5 or more investment properties ...

Did you notice who the author is?

Who benefits from massive changes and increased TAXATION regulation, more than the TAXATION PROFESSIONALS?

You do understand what a 2% reduction in a cooling residential property market means to anyone who owns property? ... I have given you those numbers in the past, but because CNNPT refuses to explain it, the mini mes don't even try to understand or accept it.

This policy will cost at least $500 Billion over 10 years, that is just in the residential property sector. 

I doubt that anyone has actually calculated the cost, now that it has been covertly changed and includes EVERYTHING!

You understand what this does to the needs for future welfare, for residential property owners (70% of the population + their heirs) who are reliant on the future value of that property for their retirement funding? ...  no, it is incalculable, but, future taxpayers WILL get the bill, and WILL have to pay.

Yep, the effect will be minimal ... like a butterfly flapping it's wing ...
In reference to every post in the Trump thread ... "There may have been a tiny bit of license taken there" ... Ok, Thanks for the "heads up" PT!
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Whale Quote  Post ReplyReply Direct Link To This Post Posted: 12 Nov 2018 at 12:49pm
Deutsch says: “The overall impact of Labor’s negative gearing proposals is not likely to be nearly as draconian as some sectors seem to be suggesting. The good news is that the proposed restrictions would apply on a global basis.


Labor’s rules would allow people to hold four, five or six investment properties, with some positively geared and some negatively geared. Provided the overall positives exceed the overall negatives, there will be no problem.
“For investors, this is at least some good news and actually brings us into line with what happens in many other countries, for example the United Kingdom.”

While there has been plenty of criticism of Labor’ policy, the Grattan Institute published a report in 2016 that said negative gearing changes should go further, removing the deductibility of losses from passive investments from wage and salary income altogether.

The report says: “In Australia, negative gearing goes beyond broadly accepted principles for offsetting losses against gains. It diverts capital from more productive investments without greatly increasing housing supply.

“Like the capital gains tax discount, negative gearing primarily benefits those on high incomes. Australia should follow international practice and not deduct losses from passive investments from labour income.”

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Post Options Post Options   Thanks (0) Thanks(0)   Quote Dr E Quote  Post ReplyReply Direct Link To This Post Posted: 12 Nov 2018 at 1:37pm
Whale, you are becoming so proficient at copying and pasting, you will soon hold the mantle as Best in Village ... but other than re-stating what I posted, and what I have already explained is the opinion of a "vested interest" ... what is your point?

The irony is, I am hardly "impartial" as should these policies be implemented, it will add 30-40% to MY bottom line immediately ... but that doesn't help me long term if the country is ecominomically fcuked over by the ALP, and we are in recession for a few years, and the LNP has to dig us out of poverty, yet again.Ouch

Our economy is the envy of the world, why would we want to implement a policy that  "actually brings us into line with what happens in many other countries, for example the United Kingdom."???Confused

It ain't broken, so why "fix" it???

Does any of this make any sense to you, or are you just blindly toeing the line of the Socialist Policy of Envy, you know, screeching the war cry of the other useful idiots "Let's get those Rich Bastards"!!!Angry

You know that Bill Shorten thinks anyone earning $80k p.a. (less than the average wage) is rich and must be vilified and punished ... you would earn more than that on the punt, surely!
In reference to every post in the Trump thread ... "There may have been a tiny bit of license taken there" ... Ok, Thanks for the "heads up" PT!
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Post Options Post Options   Thanks (0) Thanks(0)   Quote rusty nails Quote  Post ReplyReply Direct Link To This Post Posted: 12 Nov 2018 at 4:07pm
Here we go again, the finger painter ranting and ravin in pink again.
Continually quoting a figure of $500B that he can neither source or explain.
Repeating it over and over doesn’t make it right.

The treatments not working, they need to double whatever they’re giving him.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Dr E Quote  Post ReplyReply Direct Link To This Post Posted: 13 Nov 2018 at 2:32am
Originally posted by rusty nails rusty nails wrote:

Here we go again, the finger painter ranting and ravin in pink again.
Continually quoting a figure of $500B that he can neither source or explain.
Repeating it over and over doesn’t make it right.

The treatments not working, they need to double whatever they’re giving him.

Fcuk me! ... you again?  

Serious question, no judgements, but are you retarded? Confused

If not, try reading the article by the Taxation Institute, quoting the Grattan Institute, confirming what I have told you a number of times already ... immediate 2% capital loss in value of the residential property stock across the nation. The same people state that this will be followed by a reduction in capital growth of 0.49% p.a. ... simply apply the compounding calculation, and the cost is, once again for the dumb cup cakes like you, AT LEAST $500 Billion.

Listen, just give up, nobody expects that you will ever "get it" ... it's of little consequence to you anyway, since you are obviously destined to be nothing more than an envious career welfare parasite (you only just seem smart enough for that!), and will never own an appreciating asset in your lifetime ... a gold tooth, a piece of straw, and some rope to hold your pants up are NOT appreciating assets.Wink

How are those hard hitting pieces of journalism in the Betoota Advocate triggering you lately you dumb ass?LOLLOLLOLLOLLOL
In reference to every post in the Trump thread ... "There may have been a tiny bit of license taken there" ... Ok, Thanks for the "heads up" PT!
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Passing Through Quote  Post ReplyReply Direct Link To This Post Posted: 13 Nov 2018 at 7:35am
Makes you wonder how countries that dont have negative gearing manage their property markets and keep prices above water.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote marble Quote  Post ReplyReply Direct Link To This Post Posted: 13 Nov 2018 at 8:14am
Originally posted by Dr E Dr E wrote:

Whale, this is of NATIONAL importance ... if anyone intends voting for these ECONOMIC TERRORISTS, they should know what is in store for them, shouldn't they?

This is pure and simple, the POLITICS OF ENVY.

You do know that this is a blatant lie, don't you?

“Like the capital gains tax discount, negative gearing primarily benefits those on high incomes."

1.4 million people hold ONE investment property, less than 30,000 people own 5 or more investment properties ...

Did you notice who the author is?

Who benefits from massive changes and increased TAXATION regulation, more than the TAXATION PROFESSIONALS?

You do understand what a 2% reduction in a cooling residential property market means to anyone who owns property? ... I have given you those numbers in the past, but because CNNPT refuses to explain it, the mini mes don't even try to understand or accept it.

This policy will cost at least $500 Billion over 10 years, that is just in the residential property sector. 

I doubt that anyone has actually calculated the cost, now that it has been covertly changed and includes EVERYTHING!

You understand what this does to the needs for future welfare, for residential property owners (70% of the population + their heirs) who are reliant on the future value of that property for their retirement funding? ...  no, it is incalculable, but, future taxpayers WILL get the bill, and WILL have to pay.

Yep, the effect will be minimal ... like a butterfly flapping it's wing ...

Ok Doc - I'll put my hand up - I don't understand what a cooling of 2% in residential property market will do?
Does it make housing more affordable for first home buyers?
Does it make a million dollar house a $980,000 house? 
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Whale Quote  Post ReplyReply Direct Link To This Post Posted: 13 Nov 2018 at 8:14am
Originally posted by Dr E Dr E wrote:

Originally posted by rusty nails rusty nails wrote:

Here we go again, the finger painter ranting and ravin in pink again.
Continually quoting a figure of $500B that he can neither source or explain.
Repeating it over and over doesn’t make it right.

The treatments not working, they need to double whatever they’re giving him.

Fcuk me! ... you again?  

Serious question, no judgements, but are you retarded? Confused

If not, try reading the article by the Taxation Institute, quoting the Grattan Institute, confirming what I have told you a number of times already ... immediate 2% capital loss in value of the residential property stock across the nation. The same people state that this will be followed by a reduction in capital growth of 0.49% p.a. ... simply apply the compounding calculation, and the cost is, once again for the dumb cup cakes like you, AT LEAST $500 Billion.

Listen, just give up, nobody expects that you will ever "get it" ... it's of little consequence to you anyway, since you are obviously destined to be nothing more than an envious career welfare parasite (you only just seem smart enough for that!), and will never own an appreciating asset in your lifetime ... a gold tooth, a piece of straw, and some rope to hold your pants up are NOT appreciating assets.Wink

How are those hard hitting pieces of journalism in the Betoota Advocate triggering you lately you dumb ass?LOLLOLLOLLOLLOL

That is good, property prices have reached  insane,unsustainable levels. These measures will restore a sense of sanity in the market, still way over priced though.

And you say you will lose money Doc, come on ,you expect us to believe you have property investments, not even Macca would swallow that Smile
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Tlazolteotl Quote  Post ReplyReply Direct Link To This Post Posted: 13 Nov 2018 at 8:18am
Dr E will offset his property losses with his cryptocurrency profit.Tongue
"Even the things that I believe in the most, I doubt.”
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