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General Discussion >> General Board >> The Concept Of A Mansion Tax http://www.ozpolitic.com/forum/YaBB.pl?num=1780702001 Message started by whiteknight on Jun 6th, 2026 at 9:26am |
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Title: The Concept Of A Mansion Tax Post by whiteknight on Jun 6th, 2026 at 9:26am
A 'mansion tax' would likely see affluent Bulimba homeowners pay up, but some of them support it
June 6 2026 ABC News The concept of a mansion tax — premium property owners paying additional tax — has been rolled out overseas to varying degrees of success. Now, amid some of the most drastic proposed changes to Australia's tax system in decades and years of skyrocketing home values, one leading expert says it is an idea "worth considering". :-? Bulimba, nestled on the inner-city stretches of the Brisbane River, is a sought-after suburb with the property price tag to match. With a median house price north of $2.3 million, residents in the leafy riverfront neighbourhood would likely have to cough up in the event a mansion tax is implemented. Annette Wilkins speaking on a street with shops in the background. Retiree Annette Wilkins does not support a mansion tax. (ABC News) Retiree Annette Wilkins moved to the area four years ago and says she thinks the idea is "wrong". "We're taxed enough, and then we get no benefits," she says. "I think we're penalised enough for working hard and saving our money." Bulimba resident of 25 years Kasey Drake does not believe it would slow the growth of housing. Kasey Drake speaking on a street. Kasey Drake has lived in Bulimba for 25 years. (ABC News) "The house prices keep growing because we have a growing population with needs," she says. "A lot of young first home buyers need to get into the market." Ian, a local retiree, disagrees. "I think it's a great idea. If you live in a $5 million home, why not pay some tax?" he says. How does it work? There are two possible ways a mansion tax could be implemented, both of which have been seen overseas. There might be a threshold, say $3 million, when additional tax is paid for every dollar above that amount when an owner sells a property. That has been seen in Los Angeles while New York has done similar, but applying to buyers. A waterfront mansion at sunset with a boat on the river This property at Noosa Heads sold for more than $26 million in 2025. (Reed & Co) The alternative works similarly to a land tax. Additional tax is paid annually on the unimproved value of a property over a certain threshold. That option is due to be rolled out in the UK in 2028, with finance minister Rachel Reeves attempting to address intergenerational wealth inequality. She described the policy in November as "asking those with the broadest shoulders to pay more". It is not a concept completely foreign to Australia. The New South Wales Greens have previously floated an extreme wealth property tax, while Queensland Labor’s state conference endorsed a luxury homes levy last year. 'A step in the right direction' Director of the Tax and Transfer Policy Institute at the Australian National University Robert Breunig is one of the country's leading tax minds. "If you look at where the wealth is held in Australia, about 50 per cent of it is held in owner-occupied housing, that is, houses that people live in, and that wealth is essentially not taxed," he says. He believes the second mansion tax option is "the better way" and "worth considering". Birds eye view of four riverside mansions in Hawthorne, Brisbane A property at Hawthorne, next to Bulimba, sold for $20 million in 2025. (Place Real Estate Agents) An attendee of Treasurer Jim Chalmers' economic roundtable last year in Canberra, Professor Breunig would like to see drastic changes. That includes ditching stamp duty in favour of an annual additional tax for properties above a set value. "If we had a property tax that people were paying that was aligned to the value of that house and no stamp duty, so that you could buy and sell houses with no extra charge, we would see a lot more movement, and that would bring down house prices," he says. Brisbane has been one of the hottest capital city property markets since the pandemic saw an influx of interstate migration. In the last year, through to March 31 alone, home prices rose almost 20 per cent, with the median value at more than $1.1 million, according to Cotality. Hard no from property industry A sunset picture of mansions on the river in Bulimba, Brisbane. Bulimba is a sought-after suburb on the Brisbane River. (McGrath Real Estate) For the Property Council of Australia's Queensland director, Jess Caire, the idea does not hold much water. "Queensland is in a housing supply crisis," she says. "My argument to that would be taxing housing in a housing crisis would be equivalent to taxing life jackets while our boat is sinking. "Any tax, whether that's a mansion tax or vacancy tax or even mandating the types of houses that developers are required to deliver, would actually have the opposite effect of boosting supply. It would constrain the market further." However, she too conceded the "huge burden" of stamp duty. "One of the things that we'd really like to see is an off-the-plan stamp duty concession when it comes to new homes," she says. Addressing intergenerational challenges Resident Ian on a street in front of a business. Ian supports a mansion tax. (ABC News) |
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Title: Re: The Concept Of A Mansion Tax Post by whiteknight on Jun 6th, 2026 at 9:35am
While a mansion tax divides opinions, Bulimba locals agree on the need to help prospective first-home buyers.
"I do think there needs to be something in terms of stamp duty for our first home buyers," Ms Drake says. "I think that will help them more getting into the market, because at the moment they're having to leverage their parents." "Why should the young people pay all the tax when the old people aren't?" Ian adds. |
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Title: Re: The Concept Of A Mansion Tax Post by whiteknight on Jun 6th, 2026 at 9:38am
Well if people can afford to buy a mansion, maybe they should pay a bit more tax. This mansion tax idea, is worth thinking about. :(
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Title: Re: The Concept Of A Mansion Tax Post by Leroy on Jun 6th, 2026 at 9:41am
How does this make it easier for a young person to buy a home?
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Title: Re: The Concept Of A Mansion Tax Post by Leroy on Jun 6th, 2026 at 9:43am whiteknight wrote on Jun 6th, 2026 at 9:38am:
If people can afford to have the latest apple phone should have to pay more taxes too. Hope you know where to draw the line on penalizing people for being astute with their money. |
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Title: Re: The Concept Of A Mansion Tax Post by Ai_Took_Our_Jobs on Jun 6th, 2026 at 10:12am Leroy wrote on Jun 6th, 2026 at 9:43am:
property moguls, with multiple properties, valued @ million$ each ... verses a $2k mobile. Wow ! |
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Title: Re: The Concept Of A Mansion Tax Post by freediver on Jun 6th, 2026 at 10:21am
The politics of envy knows no sane limit.
A "mansion tax" sounds like it is targeted at peoples homes, not investors with multiple properties. But you never know which way the wind will blow with the greens. As Victoria demonstrates, a property tax that targets investors harms the mot vulnerable - renters. This is where the politics of envy always leads. |
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Title: Re: The Concept Of A Mansion Tax Post by Leroy on Jun 6th, 2026 at 10:41am Ai_Took_Our_Jobs wrote on Jun 6th, 2026 at 10:12am:
Yeah its only a $2k mobile, but the money has gone forever and you have just made some tech mogul richer. Put that $2k to work for you and you become the wealthy one. You can lead a horse to water but you can't make them drink. |
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Title: Re: The Concept Of A Mansion Tax Post by Ai_Took_Our_Jobs on Jun 6th, 2026 at 11:04am Leroy wrote on Jun 6th, 2026 at 10:41am:
Ai agent's running businesses from iphone 17s double checked via ai : Yes, AI agents can operate aspects of a business from an iPhone 17, as evidenced by Apple’s recent policy shifts allowing autonomous software to interact with users and perform tasks. $2k for your ai agent to run businesses from. Perhaps you spend too much time around horses, and not enough around tech opportunity advances. |
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Title: Re: The Concept Of A Mansion Tax Post by Leroy on Jun 6th, 2026 at 11:12am Ai_Took_Our_Jobs wrote on Jun 6th, 2026 at 11:04am:
Correct, I have missed all the tech opportunities, but that's OK I own all my properties without mortgages and cashed up to buy more if prices dip. |
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Title: Re: The Concept Of A Mansion Tax Post by freediver on Jun 6th, 2026 at 11:13am Ai_Took_Our_Jobs wrote on Jun 6th, 2026 at 11:04am:
;D No common sense. If an AI agent can run all aspects of your business from an iPhone 7, then your business is worthless, and you are the sort of person who thinks a mansion tax is a good idea. |
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Title: Re: The Concept Of A Mansion Tax Post by Ai_Took_Our_Jobs on Jun 6th, 2026 at 11:27am
https://www.youtube.com/watch?v=nYkDsW7NDhQ
Humans Working For AI on Bittensor: First-Ever AI Subnet Owner Explained (TAO Exploding) https://www.tao.app/subnets/97?active_tab=about Currently valued around US$100 million. Probably running from someone's computer in their living room. How could someone think Ai owned/run businesses hold no value ! Most human owning businesses will be obsoleted in time, because humans will not be able to compete. |
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Title: Re: The Concept Of A Mansion Tax Post by Leroy on Jun 6th, 2026 at 11:53am Ai_Took_Our_Jobs wrote on Jun 6th, 2026 at 11:27am:
So taxing the rich is a dead end according to you. |
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Title: Re: The Concept Of A Mansion Tax Post by Ai_Took_Our_Jobs on Jun 6th, 2026 at 12:08pm
Taxing property moguls is a great idea, considering multinational gas giants get Australia's gas for nothing ... and Labor, Coalition, and 1Nation rejected taxing them.
The cash to reward the government's overlord donors have to come from somewhere. Better the sitting ducks. |
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Title: Re: The Concept Of A Mansion Tax Post by Leroy on Jun 6th, 2026 at 12:12pm Ai_Took_Our_Jobs wrote on Jun 6th, 2026 at 11:04am:
Maybe you have too much of a blinkered veiw (pun intended)....... (now I'm not sure you would get the pun) Quote:
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Title: Re: The Concept Of A Mansion Tax Post by Ai_Took_Our_Jobs on Jun 6th, 2026 at 12:25pm The number of racehorses dying in Australia varies by year, with recent data showing a record high. According to the Coalition for the Protection of Racehorses (CPR) Deathwatch Report, the 2024–2025 racing season saw 175 racehorse deaths on tracks or shortly after racing injuries, the highest figure recorded since tracking began in 2014. This equates to an average of one death every two days. |
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Title: Re: The Concept Of A Mansion Tax Post by lee on Jun 6th, 2026 at 12:50pm
The Concept Of A Mansion Tax?
Just what constitutes a mansion? Price alone? A four by two in a top location? What is the price point at which a mansion becomes a mansion? Or is it the number of rooms, the number of car spaces? How does one such mansion help those seeking a home? ::) |
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Title: Re: The Concept Of A Mansion Tax Post by Leroy on Jun 6th, 2026 at 1:03pm Ai_Took_Our_Jobs wrote on Jun 6th, 2026 at 12:25pm:
Stats and more stats, how many of these end up homeless?. Quote:
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Title: Re: The Concept Of A Mansion Tax Post by Sophia on Jun 6th, 2026 at 6:27pm lee wrote on Jun 6th, 2026 at 12:50pm:
That’s my question in mind also. What is a mansion? 4 br, 2 bath, study, kitchen with butlers walk in pantry, billiards room, swimming pool etc These are the norm for quite some time. I like spacious home with big kitchen. Why should I be forced to live in a sardine can? We’ve paid for this and paid $5,200 rates and $3,200 insurance compared with smaller properties of half the rates and 1/3rd insurance. I don’t get this mansion tax? Or are they referring to those big houses in (Melbourne) Toorak? Owned by doctors and lawyers etc? Worth umpteen millions. But it’s their primary residence. They’ve paid a premium price! Not forgetting the huge stamp duty tax already paid when purchasing. |
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Title: Re: The Concept Of A Mansion Tax Post by Sophia on Jun 6th, 2026 at 6:51pm Ai_Took_Our_Jobs wrote on Jun 6th, 2026 at 12:25pm:
I finally saw the light with the cruelty of race horses and how some are put down if no longer can make money, and have since stopped supporting Melbourne cup or any horse racing since a death of a horse soon after a race day. That poor animal. We’ve had a lot of horses agisted on our land for over 30 years, and they are amazing beautiful souls. Some of the owners I wasn’t so sure of ;D but quite a few treated their horse like a much loved family member. I’ve seen horses that died and how grief stricken the owners would be, sitting down holding onto their head in their lap and crying. I’ve seen other horses in neighbouring paddocks that “know” when there is a death and I’m stunned when I see them all line up against the fenceline in some sort of honour. I’ve seen a huge kangaroo with an injured leg separate from the mob and alone. I spoke with wildlife people about it and I kept reporting on it in case they needed to intervene. The kangaroo was always staying near the shed where hubby would be, for companionship and in the evening it was near the back garden where I could see it from house (and he could see us for comfort) Eventually after 4-5 days not being active, he must’ve been feeling better and left. My assumption was they have feelings, they have souls like we humans do. The wildlife has taught me much respect. Even bees. I noted one year minimal bees and I asked the local shire why? Got told it was the new towers, technology. Hubby saw one lot of bees lost without queen bee. They moved in group from one place to another then finally died. All of them :'( Sorry I’m off topic. But this is my “mansion” where I am among other entities sharing my mansion :) |
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Title: Re: The Concept Of A Mansion Tax Post by Sir Grappler Truth Teller OAM on Jun 7th, 2026 at 12:28pm Sophia wrote on Jun 6th, 2026 at 6:51pm:
Excellent - I also feel close to animals... and I'd guess aqua and a few others do too... animals are far smarter than humans if you ask me. |
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Title: Re: The Concept Of A Mansion Tax Post by Leroy on Jun 7th, 2026 at 12:46pm Grappler Racist Filth wrote on Jun 7th, 2026 at 12:28pm:
Most people have strong emotions for animals but those emotions are human emotions, understanding how animals behave and why they react as they do can be confusing when you apply human logic which mostly does not align with how the animals actually feel or act. |
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Title: Re: The Concept Of A Mansion Tax Post by tallowood on Jun 7th, 2026 at 12:57pm Sophia wrote on Jun 6th, 2026 at 6:51pm:
Are you thinking about joining the Jain community and practice a supreme principle known as Ahimsa, which means non-violence toward all living beings? |
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Title: Re: The Concept Of A Mansion Tax Post by Dnarever on Jun 7th, 2026 at 1:11pm
I think everyone should pay their honest tax bill but cannot support this type of targeting without significant exemptions. There are plenty of situations where there are people in large family homes who strugle to pay the rates and maintenance. Many people who are not significantly wealthy or avoiding their taxes. Fully support wealthy people having to pay their correct tax but this one has too many problems for me. People with this type of home already pay their tax in the form of very significant rates based on the land value. Putting more taxes on top is double dipping. Stop them from minimising their tax in my view is a better method.
I would support a minimum tax rate of say 20% with no deductions applying below that mark for anyone or any business. That would mean a 20% tax rate for all the 80% plus businesses who pay no tax and the very wealthiest people who also pay no tax. This would be fair to everyone. |
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Title: Re: The Concept Of A Mansion Tax Post by freediver on Jun 7th, 2026 at 1:18pm
It would be a tax on people in Sydney and Melbourne who already have to pay an absurd price for the family home.
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Title: Re: The Concept Of A Mansion Tax Post by Sophia on Jun 7th, 2026 at 1:53pm
Well I’m guilty Tallowood, I’m not a fan of all spiders, blow flies and European wasps.
Not even animals are non violent towards other animals or humans either. Recently my son’s wife sent me a photo of a beautiful owl I think it was, and I saw a chain … this is in Bali. That upset me and I was vocal about it. About 9 years ago my daughter and I were sightseeing in Bali and came across this coffee made from Civets they had in cages, we stood there saying how wrong and cruel it was. I don’t know their customs well or laws to do anything but my daughter is involving herself freeing Beagles from experiments still happening to animals testing products on them! I greeted her at the door yesterday, she opens door with a cupped container and let a little lizard out in garden. I said … it not payin the rent? :) she never squashed a spider or fly that I recall since she was a Bub. Oh and the very last tik Tok shows how innocence is. These tik Toks are some of my absolute faves. Oh my heart. I’m feeling inspired to do more photography again. It’s a big Nikon D750 and I hardly use it because the mobile phone is so small and convenient, and I’ve captured sone great pics with it ….but many times I’m somewhere interesting and wished I had my big digi zoom lens camera! Enjoy these…. https://vt.tiktok.com/ZSQYGqXCU/ https://vt.tiktok.com/ZSQYGWH9V/ https://vt.tiktok.com/ZSQYWdpyH/ https://vt.tiktok.com/ZSQY7rdxQ/ Last photo … is it chained or tied? I’m not impressed and I will ask some questions when kids get back home!i 7ED5BD26-25AB-4515-9E07-3677158B6F8A.jpeg (97 KB | 4
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Title: Re: The Concept Of A Mansion Tax Post by Leroy on Jun 7th, 2026 at 2:31pm Sophia wrote on Jun 7th, 2026 at 1:53pm:
Google how the horses are treated on islands around Bali and why they have such short life spans. Just a sample Quote:
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Title: Re: The Concept Of A Mansion Tax Post by Bobby. on Jun 7th, 2026 at 2:50pm freediver wrote on Jun 7th, 2026 at 1:18pm:
It's communism - you no longer own your own home - you pay rent to the Govt. for living there. I've told this story many times - I know someone who was $38,000 in arrears for rates - in Brighton - he had to sell his home to pay the rates as the council sent him a lawyer's letter saying they would go to court, freeze his home asset and sell it. He couldn't work anymore to get money for rates - due to illness, but the council didn't care - they just wanted "their" money. |
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Title: Re: The Concept Of A Mansion Tax Post by Dnarever on Jun 7th, 2026 at 3:00pm Bobby. wrote on Jun 7th, 2026 at 2:50pm:
Pretty sure that if you looked at a block of cheese on a supermarket shelf you would see communism ? You should get that fixed, no not everything or not anything is communism and no everything else isn't socialism and the cerial isle isn't marxism either. |
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Title: Re: The Concept Of A Mansion Tax Post by Bobby. on Jun 7th, 2026 at 3:07pm Dnarever wrote on Jun 7th, 2026 at 3:00pm:
Are you a communist? - they tell you all the time what to do, what to think, what to feel - you wanna work 8, 10 hours a day - you've got nothing, you own nothing? - you want a "chivato", an informer on every corner, watching everything you do, everything you say? Jump to 2:42 https://www.youtube.com/watch?v=_Mb1-CN3wZs |
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Title: Re: The Concept Of A Mansion Tax Post by tallowood on Jun 7th, 2026 at 4:00pm Sophia wrote on Jun 7th, 2026 at 1:53pm:
Yes, it is beautiful bird, probably a Barred eagle-owl https://en.wikipedia.org/wiki/Barred_eagle-owl I've never seen them in Australia. There are plenty of Frogmouth where I live they look like owls and hunt at night like owls keeping rodents down, which is good, but apparently they are not owls. https://www.nationalparks.nsw.gov.au/plants-and-animals/tawny-frogmouth BTW, Owl is symbol of wisdom. |
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Title: Re: The Concept Of A Mansion Tax Post by Dnarever on Jun 14th, 2026 at 6:26pm tallowood wrote on Jun 7th, 2026 at 4:00pm:
Barred eagle-owls can look like that as a baby but grow extended ear like feathers as they age. This also looks like a variety of barn owl. Frogmouths have their eyes on the side and owls have a flat face with eyes at the front, Owls hunt with strong large claws and frogmouth have small weak claws, the owls beak is pointed and sharp for tearing and the frogmouth has a wise beak and large mouth for swallowing bugs and things. I also wondered about why a frogmouth isn't an owl. |
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Title: Re: The Concept Of A Mansion Tax Post by Leroy on Jun 14th, 2026 at 6:34pm Dnarever wrote on Jun 14th, 2026 at 6:26pm:
Frogmouths belong to the nightjar family, we rarely see other nightjars. |
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Title: Re: The Concept Of A Mansion Tax Post by Bobby. on Jun 14th, 2026 at 8:54pm Dnarever wrote on Jun 7th, 2026 at 3:00pm:
Are you a communist? - they tell you all the time what to do, what to think, what to feel - you wanna work 8, 10 hours a day - you've got nothing, you own nothing? - you want a "chivato", an informer on every corner, watching everything you do, everything you say? Jump to 2:42 https://www.youtube.com/watch?v=_Mb1-CN3wZs |
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