digitalguy💡 @Colframer
Laravel 🔶️ Next js 🔶️ Stealth 🤫 Sydney, New South Wales Joined September 2025-
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@MarkoMatvikov Would be really curious to see what is labors strategy here .They perfectly know all the announcements in last month or so are political suicide but still decided to go with that. There must be a political modelling that shows all of this is worthwhile 🤷♂️
@lomaxx It may be different for different people but every first home buyer i know doesnt want to buy all of a sudden. Apparently the reason they wanted to buy in first place was to get on to the tax benefits train . Honestly the suburbs they rent in even an investor cannot afford
@MarkoMatvikov Its unbelievable, there is not much value in getting a pay rise now as most of that will go to tax. People who are lifting this country researchers, scientists , founders have to fund the bottom feeders from their pay . No incentives really to build anything here
@DrewPavlou @HowardFMaclean @clairlemon Very clear Drew, you tax the builders and they will build somewhere else 🤷♂️
@rationalaussie So very true... the ones complaining are the ones who cannot see a smart, hard working Aussie get ahead in life .
@cfellas70 Well 30% is the minimum you have to pay..even if you aren't very successful
@VinniesAust This is dumb , dont skew the reality. The cgt laws will impact all high growth vehicles including shares , start ups . You want Aus to become a social experiment so creativity and risk are not rewarded but mediocrity is 🤷♂️
@senatorbabet Whats even funnier is .. you buy shares , risk everything , make money, sell it, gains get added to your income. But if you make losses , you cannot claim that against your income 🤷♂️
@MarkoMatvikov And $2 rent increase projection... must be one of those big 4 consulting companies 😭
@RBASHAGGER Honestly this is going to benefit big builders buddies . They are building tons of poor houses everywhere but now you can get negative gearing on them preferentially 🤷♂️
@sjwill99 @AvidCommentator The problem is not about selling them , the problem is there is no incentive for an investor buyer to buy it. There are many regional towns where most people rent . I am not able to see how this will lead to a supply boom
@AvidCommentator The details are worse !
@ausstockchick Well even new builds wont get a CGT discount 🤷♂️
@rationalaussie So who will now buy all these properties which will not generate any negative gearing. Unsellable unless the rents are jacked up to cover mortgage. Rent vesting is dead !!
@MarkoMatvikov Fingers crossed and I am hoping they must be getting all the feedback last few days.. so let's see of that made any difference
@AlboMP I dont understand so when government says " we are building x homes for x billions " , does that mean they will build it ( by paying a developer , selling directly to the target buyers etc ). I am yet to see where government has built homes and sold them directly.
@MickamiousG Its interesting, the way it's set up some investors where the property prices haven't gone up a lot will actually be now able to offload properties easily. High inflation would mean their CGT income will become less that what that would be for 50% . It may work well in Melb
@eadatt More like , i paid taxes on my wages and all the scam levies. I dint do anything with that money but bank gave me lousy 4% interest, but wait I have to pay additional tax on that interest. And yeah inflation meant your savings now value less..but wait you cant claim that back
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