Election Results and Potential Influence on Property Markets

How first-home buyers could LOSE money if they purchase a property under Labor's 40 per cent plan | Daily Mail Online

 

Literally just attended a lecture on justice and political structures as part of a course I'm doing (part of a leadership course for work) that discussed this.

Nordic countries basically have very efficient and robust regulation of capital markets to ensure companies don't abuse their financial influence, and they, as we know, have high taxes with strong redistributive tax measures that support the socially disadvantaged. Australia is not that far behind them with our socialised health system etc. Not sure if it's socialism, but we have great social supports.

 

Yes, if property prices drop, they could LOSE under this scheme. But (a) taking advantage of this scheme isn't compulsory, and (b) if property prices drop all buyers lose, whether in this scheme, conventional mortgage buyers or cash buyers. Why does the DM persist in thinking that all its readers are stupid?

 

All Nordic nations are market driven, decentralized economies.



A thing to consider about these nations when we compare is it's not a like v like. Nordic nations are ethnically homogeneous, which often results in a higher trust society with shared historical values. This allows welfare programmes to efficiently run with high trust associated with its expanding safety net.

Less ethnically homogeneous nations, like much of the anglophone world, have larger in group and out group mentalities that can cause societal difficulties around trust, particularly when it involves cultural expectations and perceptions around welfare.

Another thing to note about the Nordic systems is the their low company tax rates. Sweden is an example of a low company tax, high welfare society that has fostered incredible entrepreneurial spirit with the vast array of global companies that have been produced.

Just some food for thought.

 

I agree completely with what you said. However Nordic countries are far from perfect. At least life for a migrant like me in Australia is much better than in Sweden/Norway/Denmark, in my opinion. I used to work for a very large Danish company and know a thing or two about their system and society.

 

I'm not at all a fan of big government so the Nordic systems don't tick my boxes.

I'd love for you to elaborate on your post if you care to. Curious to hear your perspective.

 

As a broker do you think eligible parties would even be able to lend upto the maximum amount in Sydney (other areas would be more possible)

Eg single person on 90k might be possible but would 120k combined family get a 5-600k loan?
Just a more generalised question and not specific

 

Yes those numbers roughly work, particularly for couples. I think they would have calculated on it too.

 

Greens now hold 4 lower house seats, 3 of them in Brisbane. ..and to think Queensland is considered conservative hicks

In the senate, they hold 12 seats. LNP 31, and Labor 26.. still 2 seats undecided.

So basically if the ALP wants their bills passed, it has to negotiate with the Greens.

May we live in interesting times!

 

Labor won't need the greens in the lower house, the independents have different enough interests that they will be able to get one of them across the line if they need to.

Also, in the senate the non-controversial stuff can be passed with LNP support through public shaming into supporting them. Eg the housing policy of labor.

 

A lot of my ex colleagues told me that they still cannot fully integrated into the society there despite living/working there for more than a decade. Most of them are from Eastern/Southern Europe but still struggle to integrate both at work and outside of work. There is a real barrier for migrants in Denmark in my opinion. It is not really a multi cultural society as we have here in Australia.