Greedy first home buyers making it hard for investors.

Discussion in 'Property Market Economics' started by Blueskies, 16th Apr, 2021.

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  1. Blueskies

    Blueskies Well-Known Member

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    It's not fair.

    I keep being outbid at open homes by these first home buyers who have everything going for them. Lower rates, higher LVRs, FHB grants, stamp duty discounts, cheaper councils rates, the list goes on. Meanwhile here I am, a struggling investor just trying to keep my foot on the top rung of the property ladder.

    They are using cash for deposits and the bank of mum and dad - unfair! I have to desperately try to manufacture equity (or wait a few months) in order to scrape a deposit together. It's getting to the point I might need to sell some shares too!

    At a recent open there was a young couple there, swanning around with their baby playing the sympathy card and planning where to put the cubby house in the back yard. I nearly choked on my avo on toast! They are buying these homes to live in! They aren't considering rental yield and development potential at all!

    The banks and the government are in on it, someone needs to step in and do something. At this rate the wealth divide in this country is in real danger of shrinking. PC community we need to rally together. Investors unite!
     
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  2. Sackie

    Sackie Well-Known Member

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    Lol love the post.

    But to be honest I'm glad for them. I hit pretty hard and ruthlessly when buying and negotiating in general so I'm happy to take a hitting too.

    Good on all those FHB giving investors some grief! :p
     
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  3. spoon

    spoon Well-Known Member

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    Before long there will be a current affair program titled:

    Greedy investors making it hard for first home buyers. :D
     
  4. Coota9

    Coota9 Well-Known Member

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    FHB.JPG

    Seems they did take Hockey's advise!!
     
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  5. boganfromlogan

    boganfromlogan Well-Known Member

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    Can we build a wall? Or stop a boat? Would that help? There must be something we can do that can be expressed in 3 words that would mobilise the ppl that know houses are not for living in.
     
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  6. Car tart

    Car tart Well-Known Member

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    Perhaps we can quarantine FHB to allow buying in only a select few suburbs in each Capital City. Suburbs without public transport, infrastructure, jobs, public safety and capital growth.
     
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  7. twisted strategies

    twisted strategies Well-Known Member

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    or Canberra since they love to complain loudly
     
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  8. boganfromlogan

    boganfromlogan Well-Known Member

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    ‘Round them Up’ or Fence them In’ any other 3 word slogan?
     
  9. transit

    transit Well-Known Member

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    Haha brilliant, those greedy *******s are making it difficult for all of us!
     
    Last edited by a moderator: 17th Apr, 2021
  10. Peter_Tersteeg

    Peter_Tersteeg Mortgage Broker Business Member

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    Nahhhh, we just need to make Australia great again!
     
  11. KJA182

    KJA182 Well-Known Member

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    we need tax first home buyers more, its not fair that their asset is CGT free. maybe every year we estimate the amount of rent they could have earned on their property and they need to include that in their tax return
     
  12. MB18

    MB18 Well-Known Member

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    I didn't think resi property 'investors' knew what yield was, much less ever consider it! :p
     
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  13. SatayKing

    SatayKing Well-Known Member

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    Imputation of rent. The boffins in Government toss this concept around every so often so be careful what you wish for. :)
     
  14. KJA182

    KJA182 Well-Known Member

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    its not fair right? as investors we have to pay tax on our rental income but FHB get to live rent free in their own homes without any tax. lets level the playing field

    :rolleyes:
     
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  15. Traveller99

    Traveller99 Well-Known Member

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  16. SatayKing

    SatayKing Well-Known Member

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    Ha ha. Why would Govemunt apply it to only FHBs? Let's level playing field.
     
  17. spoon

    spoon Well-Known Member

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    Someone across the Pacific is currently in between jobs and promised he could make a country great again... He is ready for hire. :eek:
     
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  18. twisted strategies

    twisted strategies Well-Known Member

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    considering how many parliamentarians ( or their spouses ) ( especially in the ALP ) own investment residences , i wonder how evenly these ideas get applied on limiting housing investments and 'tax breaks'
     
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  19. Blueskies

    Blueskies Well-Known Member

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  20. BB5

    BB5 Well-Known Member

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