Australia's HATRED for the wreck Australia Socialist Labor walking disaster grows daily.

Whatever you do DO NOT VOTE FOR LABOR!!!






Big new house tax will smash values
The Daily Telegraph Josh Frydenberg Date : 08 November 2018


LABOR’S plan to abolish negative gearing as we know it and double capital gains tax paid will hurt every Australian. If you own your home it will be worth less. And if you rent you will pay more.

Investors today hold around a quarter of the 10 million dwellings that make up the $6 trillion Australian housing market. But under Labor’s big new property tax there will be less incentive for investors to buy property, creating downward pressure on prices.

Reducing the number of investors in the market also pushes up rents. Investors often accept lower rents in the expectation of future after-tax capital gains when they sell.

Labor’s policy could not come at a worse time for the housing market as prices have reduced across capital cities, including Sydney. Labor’s changes will smash property values and undermine confidence in the stability of the market.

Their excuse is that they want to improve the opportunities for first-home buyers to gain access to the market. But that is already happening without changes to negative gearing, with over 100,000 first-home buyers getting loan approvals over the last year, the highest number since 2009.

Labor also claims that negative gearing is the domain of the so called “rich” and people with multiple investment properties. Again, the facts tell a different story. Two-thirds of those who negative gear have a taxable income of less than $80,000 and over 70 per cent of those who negatively gear have only one property. In fact, the annual deduction claimed by those who negative gear is less than $10,000 in seven out of 10 cases.

Labor’s “rich” negative gearers include 58,000 teachers, 41,000 nurses, 19,000 police and emergency service personnel. Not only is Labor hurting families right across the country but it’s attacking those aspirational Australians in its heartland.

Labor’s policy also risks sending home buyers into a position of negative equity, when the value of their home falls below the size of their mortgage. This not only impacts household wealth, but can also deter future buyers, shaking their confidence about entering the market.

Unfortunately when Labor’s frontbenchers try to justify their new property tax, they get caught out.

Bill Shorten and Chris Bowen have said Labor’s property tax will decrease housing prices, but opposition finance spokesman Jim Chalmers has said that prices will increase, while Joel Fitzgibbon says prices will neither go up, or down under Labor. What a shambles!

With unemployment falling to five per cent and GDP growth increasing to 3.4 per cent, it’s fastest rate since the height of the mining boom in 2012, the last thing the country now needs is a big new property tax.

Labor should listen to the critics of its policy, cut its losses and abandon the changes to negative gearing and capital gains tax.

Chris Bowen has said in recent days Labor will take the policy unchanged to the election. This would be a mistake and cause significant damage to Australia’s housing market.

https://joshfrydenberg.com.au/latest-news/big-new-house-tax-will-smash-values/

Now BH don't try to change the subject of Labor Lunatics election losing disasters.


Almost 170,000 West Australians who negative gear will be hit by Labor’s property tax.

In fact, Labor’s property tax will punish every West Australian & Australian with equity in their home.

Bill Shorten has to admit he got this wrong & ditch his property tax plan.



Labor’s plan to abolish negative gearing as we know it & double capital gains tax paid will hurt every Australian.

If you own your home, it will be worth less.

If you rent, you will pay more.




Labor's property tax will hit 1.3m Australians who negative gear & every Australian with equity in their home.

If you own your own home, it will be worth less. If you rent your home, it will cost you more.

Scungy Shorty must listen to the experts & ditch his big property tax!




Anybody who rents their home will pay higher rents as a result of Labor’s policy and anyone who owns their home will see their property worth jess.

VIDEO: Labor sinks itself with stupidity

Whatever you do DO NOT VOTE for the SICK and SORRY LABOR LUNATICS!!!!!

Yes BH you have already said that. No need to repeat just to try to change the subject away from how Labor lost the election.

Labor’s retiree tax is a disgraceful cash-grab from Australians who've grown their nest egg & planned to provide for their own retirement. It’s part of Labor’s plan for more than $200b in additional taxes.  Our Government will protect the hard earned savings of Australians.




The Economist praises Aust’s remarkable economic success & Labor resorts to a pathetic attack on his own country. Labor should take pride in Aust achievements & leave the self loathing to closed meetings of its Socialist collective. Shorten should rein in Leigh.

Voters see Scungy Shorty as a pathological LIAR!!!

Bill Shorten talks a big game when it comes to multinational tax avoidance, but Labor has never backed this up with action. His latest policy shows Labor is confused & can’t be trusted. In contrast, we've implemented over a dozen measures in 2 years to address this issue.





New data from MBA Aust has confirmed that Labor’s Lunatic Socialist property tax will take a sledge hammer to Australia’s property market & broader economy.

Scungy Shorty must admit he got this one wrong & ditch his ill-conceived property tax plan.





What deranged maniac would vote for the LUNATIC LABOR PARTY?????

Prime Minister for Canyons wrote on Nov 8^th, 2018 at 12:56pm:


Best just to ignore that one 

Failure to answer the question.

Aagin Frydenburg hardly objective.

Its hard to avoid being circular when you keep posting the same bullshit over and over agian.