If labour get in , will Sydney have a mini boom ?

Exactly.

The real estate machine hates Labors policy because it creates less churn and churn is how they make money.

 

One of reasons might be that there is more pertol in the tank from a market perspective....

 

will always be... up to you how far you want to drive

 

That's exactly my thoughts and plan .

Cliff

 

I'd say most people who actually have the kind of attitude to reach 20 properties/early retirement by definition means they won't ever stop working towards bigger and better goals. Could be wrong though, not there yet

 

Couldn't agree more. I found a piece of paper from year 12 that our year coordinator made us do that had what I wanted to achieve in my lifetime. Number one was have my own place and 1 investment property. 11 properties later and I have no intention of stopping even when retirement is possible. I can't stop it's an addiction!

 

That's pretty impressive for an 18 year old boy

 

Lets face facts it did have to be g rated

 

I'd never heard of an investment property at 18.

I just thought of something; all these Gen Y FHB's who can't buy a house...are being priced out by the newest crop of greedy investors...Gen Y's!!

 

Go to 8min 50 sec, a story on a lady looking for a property. She has 150k savings, 2 good incomes, and made such a huuuuge fuss about not being able to afford a place in kilsyth vic due to competition. A 3 bed 1 bathroom median price is 550-500k. She has 150k deposit and 2 good jobs.

What is the problem?

 

The 4 Corners report was the worst i have seen for some time. She had plenty of cash but was trying to buy property out of her price range, hence she was outbid. Tried to suggest in the end she was outbid by a greedy developer. The 'developer' was a young indian family who wanted a big houseand block but may subdivide in the future - not really qhat i would call a developer.

 

Media... just demonize the minority and sell to the majority.

 

That is probably the bigger point, this is why you want to be in before the cut off, not so much the NG aspect IMO.

 

Agree, this is the big one investors will want to lock in.

 

I disagree and like @See Change It does not make sense to me neither.
I think this will play out in a similar fashion as to what happened when it was announced the First Home Owner Grant was going to be scrapped: plenty of people rushed in to buy before the deadline.
Negative gearing is a word every investor out there has heard and I am pretty sure people thinking of investing will bring forward their purchases, not sell, before that era ends.

 

I'm not so sure.

The media and real estate lobby have said little about the CGT proposed changes but heaps about the NG changes. That would indicate that investors and potential investors are far more concerned about NG changes than CGT changes.

 

@sash
This is a short term profiteering slightly selfish move if what you said is right.
Nothing wrong per se though..greed is good and all that...

 

We soon see....if Labor wins at all....

 

Be fearful others are greedy and be greedy when others are fearful.

-Wazza Buffett said this...

 

~50% - Apparantly Labour voters and the odd liberal voting first home buyer so > 50%