Well - I agree - and I could not count the number of times I've agreed with Keating on the fingers of one hand - there are far better alternatives to putting the brakes on rampant and runaway investment buying and foreign ownership, such as:-

. high interest rates on investment loans, which would have the dual benefit of keeping the investment insanity under control and also making the banks, with their own investment in keeping the market forever upwards, toe the line when it comes to marginal lending

. stipulating that a specified and very high percentage of every development MUST be for private homing and not investment

. changing the rules that permit serial investment buying on 'ghost candidate' equity, such as 'just bought one, now got equity DEEMED to be there in future by the bank, and now another one thanks!', when genuine cash equity in deposits saved and actually apparent in bank balance misses out as a result.  As before - this encourages the banks in their determination to see the market rise endlessly and damn the potential home OWNER, and to pressure their political mates and cronies to go along with this insanity (too big to fail - help us out here!).  The amazing thing is that a bank considers equity as a potential future gain and not actual incoming/outgoing on current value, and thus promotes the endless gain in market price so as to garner endless income for themselves!!!

. you can see where this puts struggling prospective home OWNERS (who the banks and their mates would like to see forever in rental so as to guarantee their money flow) - way behind the game since they only have real cash in the bank (well pharken DUH??!!??)

. putting severe bans on foreign ownership and restrictions on ownership by non 100% citizens, and banning foreign investment buying, both for homing and other land uses

. cash for purchase by foreigners must be accessed here to buy here under the same rules and at the same rates - the influx of ready from Offshore does nothing but raise the market prices for the locals and thus destroys The Australian Dream

. freeing up this 'equity' on superannuation to 'help home owners into a home' will only serve to raise the prices again, and thus is self-defeating, and will not resolve the long term issues around eventual retirement, but will make those worse

Now - as to why the twerps in Cambra will not come at this - they are all in the game together with their mates, so they have a vested interest in perpetuating the rise and rise of homing cost, until the inevitable crash and disaster brings the whole lot down... in the meantime, the prospective HOME owner is left out in the cold time and again to suit these parasites, and is forced to pay rent to sustain this filthy market in which many of these 'political leaders' have a huge stake.

Not to mention the brown paper bags.......

It's time for the parasites to take it on the chin for a change..... they've had their free run.....

lee wrote on May 16^th, 2022 at 8:54pm:



You'd have to try pretty hard to get a dud property that doesn't perform as well as a balanced share portfolio.

It's also likely that $50k invested in property will outperform super shares because it's heavily geared.
50k = 90k

Gordon wrote on May 20^th, 2022 at 12:36pm:


The other factors not being counted in the comparison with Super vs housing under the Lib's scheme ...

No rent to pay.
No tax on the capital gain for the dosh in the home.

As I said ... "under the Lib's scheme"

We're talking about the first home buyers scheme.

Do try to keep up. 

FutureTheLeftWant wrote on May 20^th, 2022 at 12:58pm:


Rent money is money you never get back. Paying a mortgage is money you get to keep as it is building your asset, not someone else's asset.