Australian Policies -- from October 2024

And as posted earlier by Soulnet a couple of days ago:

TLDR

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I just read that. It would be amusing except for the mainstream media groups carrying on with it. It of course makes sense that the other poster would listen to it, it suits their agenda.

And media went with it?

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lol dmapes is so disingenuous its disgusting

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I’ll make it very easy for you…

Nobody gives a flying ■■■■ about investors and the market slowing more than other cities. Which is a good thing longer term, hopefully making it easier for people to actually buy a home, it is exactly this kind of thinking about a never ending gravy train that is wrong.

And as has been posted repeatedly, and ignored by the likes of you, the current VIC position is not all doom and gloom and actual business investment is high in comparison to other states.

Businesses will always whinge, good or bad, it might make them more money than they are already making.

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Edit: apparently touched a Wim nerve…

You complain about a housing crisis, yet insist on house prices rising.
Which issue do you want to resolve?

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I think we could maybe take it down a notch, yeah?

A bloke who loves green and yellow balloons so much can’t be that bad.

Edit: also complies with Wim’s suggestion of notch turning down.

Better still - tax religious organisations, and also impose land tax on them at quadruple standard rates.

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Do that, but as well confiscate all their wealth and land and distribute the wealth to all who need it.

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the same handbrake is in Sydney.

(Except at the higher end).

Property Tax for investors is pretty marginal to non existent up until about a million dollars. So today thats investor grade apartments(or first home owners).

Once property prices go up from there land taxes go up pretty high.

An apartment at 1m tax is 0
Ie a 1.5m property tax is 7k per annum.

It means that investing in an expensive house with a lot of leverage thinking rent will cover it doesnt happen. Ie people dont.

It means that investor activity is rapid at the bottom end of the property rung but quiet everywhere else.

Im yet to know if this distortion is a good thing for investor construction. I think thats where some build to rent type programs kick in. Im not a property developer so wouldnt know.

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If you have a home on a quarter acre block and have been rezoned, like my home in my street, there’s been a huge increase in property prices.How is your residential property faring?

I don’t agree. Most people are greedy and money hungry in a relative sense. Many will reluctantly part with a gold coin as a donation.

They’re very keen for their property prices to increase. Whether that be their PPR or an investment (if fortunate to have one).

Welcome to politics!

I prefer red and black balloons though :red_circle::black_circle:

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There you go again Davo, judging everyone by your mean old Scots self.

That’s true. My property in Melbourne isn’t growing the last 2-3 years but my Gold Coast property has sky rocketed the last 3 years, per the broader Gold Coast property market.

I read yesterday in the fairfax toilet paper that red and black clothes attract mosquitoes. Its science!

Made me think Skeeta is the perfect mascot.

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Well, it’s true.

That explains why Essendon were the ‘mosquito fleet’ in the 1920’s :smiley: