What if Green Labor kills CGT exemption and Neg Gearing?

It would be interesting to see what happens in any case

 

Bring it on!!

 

Heck no but for selfish reason,
as PIs benefits from,
NG,
mickey mouse demand side boosts measures,
RBA/APRA led borrowing capacity boosts
all the while, system, deliberately designed to drip feed the supply side, whilst pretending to be savior of the less fortunate.

Rules of modern day capitalism have changed, its now about "privatizing the profits and socializing the losses"
from banks bailouts, to corporate legal tax evasions all, though, are within the confinement of law.
The game is the game, play it or get Played

So keep calm and play the game,
but lets not pretend to be "champion of free market" whilst reaping the benefit of selective n convenient grants/interventions.

 

What about Houston like zoning laws. Say hello to supply!

There is no free market in Australia. I agree. It's a mish-mash of bureaucracy and deals.

Agree with the game. I play it.

 

Even grandfathered would still affect you. As likely to reduce property prices

 

+1

 

Didn't realize part of the game was complaining and whining when govt changes the rules to address inequality and make the game fairer for everybody (as is their mandate)

Or yelling in the streets "O how this government make thou dear investor a whipping boy!"

The hypocrisy and mental gymnastics on this forum beggars belief.

 

There are many other forums around which you may find more appealing and be interested in.

 

this labor gov seems pretty pro property, shared equity scheme etc

 

Yes, it is good social policy to get people to own their own homes rather than be renting.

 

However limiting all grants/subsidies targeted to new constructions only is a far better bang for tax dollar's bucks, both job wise and rental crisis wise

 

The world is full of different opinions. Some believe inequality can best be solved through smaller government and individuals. Some prioritize and hierarchize a whole bunch of social and economic matters.

 

While I get where your going, and argument could also be made that removing interference in housing would require applying the same tax rate to it as to the rest of the economy.

 

There’s many factors which contribute to our pricing issue here. A major one is all levels of government (local, state, federal) wanting their share of profit from permits and planning, capital gains etc etc.


It all adds in to the developers bottom line which forces price increases. Coupled with incentives for investors it’s just a poor system.

It will be a matter of which group is most accepting of changes to the reforms which have created their wealth

 

Why sell then? What's the main reason you thinking to sell @wylie ?

 

Agreed.

Gray Connolly, a conservative, also thinks so.

Reject the language of the spiv: true conservatives know our housing injustice invites societal peril

 

I believe that there could be a whole range of things that could be on the table that we don’t know about yet and generally they will he packaged and named to appear to be something else than what they really are, so whatever is proposed needs to be unpacked to see the detail. We wait and see.
In the US there has been talk of unrealised CGT on homes and investment properties which would be quite intrusive. Now I haven’t heard more about this and how it would be applied to your total income level but macro economist George Gammon had something to say about this in one of his video
Casts.
I think the local banks will have a say in all this as well along with the large corporations and central banks. . Having the whole nation put in a situation of major negative equity would be curtains for the smaller local banks if loans were defaulted,

 

Would the main difference be that the shares would give you more cash income?