Labor is tackling generational inequality - they are making great strides at a a rapid pace in completing the restoration of neo-Fuedalism and the utter subjugation of the'masses'.

Every Single Policy Thrust is working towards that end....

It is not only the Parties that are the direct cause of this with their mass imigration, tax cuts and concessions every which way for 'investors' - the banks are complicit as well due to their lending policies and the travesty of somehow seeing 'equity' in a property just purchased ... REAL equity does not develop until such time as the market has actually given that property a rise in true value - what the banks are doing for investors - killing off the hope of a home for families and reducing Australia to an overwhelmingly renting group like some poor country - is viewing 'equity' as the FUTURE POSSIBLE RISE in value of that property.

It is frankly insane and a roller coaster runaway train that the banks and the governments have now tied themselves to and cannot let go of the tiger's tail ...... if they do collapse is the only future they have.

THAT is why they are enforcing mass immigration to keep their balls rolling (and they should be rolling on the scaffold) and are retaining the ludicrous policy idea that 'investment provides housing' when it clearly does not ... and still giving concession after concession to investors over home owners, who get nothing but bills.

A home owner doesn't get the cost of maintenance and upkeep and renos and interest etc off his tax - like everything else - Joe and Jo Bloggs pay for it all, and that is so wrong and clearly unbalanced in that it gives to one 'legal entity' one set of rules and to another a completely different set of rules.

Abolish concessions for property investment NOW!

thegreatdivide wrote Yesterday at 1:53pm:


No. You expected prices to go down, long-term? And nothing to do with CGT discount.

thegreatdivide wrote Yesterday at 1:53pm:


You haven't even made a case for the effect of CGT.

thegreatdivide wrote Yesterday at 4:42pm:


Banks do not, I REPEAT DO NOT take the CGT in to consideration for anything to do with the value of a home or acceptance of a loan. I don't know where you got that from but someone has given you false information.

The other important thing you are overlooking is that the cheapest way to buy a home is to build your own, taking the investor out of the market will not I REPEAT WILL NOT reduce the cost of housing in any way. It will cost the same to build a house if not more by taking out the investors.

Sir Grappler Truth Teller OAM wrote Yesterday at 5:24pm:


Yeah I don't know how that sits with most Australians, she is thirty and can't buy a home in the most expensive part of the most expensive city so she is going to move overseas.

Don't think that resonates with most young Australians. A bit of a beat up story to make news out of nothing.

lee wrote Yesterday at 7:26pm:


(google)

The 50% Capital Gains Tax (CGT) discount in Australia is considered a significant incentive that encourages multiple house ownership and investment in residential property. When combined with negative gearing, it encourages investors to focus on capital growth, which often leads to increased demand for property.

How the CGT Discount Encourages Multiple Property Ownership:

Tax Efficiency on Profits: The 50% CGT discount allows individuals to reduce the taxable portion of a capital gain by half, provided the asset has been held for at least 12 months. This makes long-term investment in property highly attractive compared to other investments.

Incentivising Capital Growth:

The policy encourages investors to target high-growth properties, as the tax on the profit is halved when they sell, making investment-focused purchasing more attractive than simply relying on rental income.

"6-Year Rule" Flexibility:

Investors can treat a former main residence as their primary home for tax purposes for up to six years after moving out, even if they rent it out. This allows an investor to buy a new home, retain the old one as a rental, and still potentially pay zero CGT on both when the first one is sold (provided they don't treat the new one as their main residence in the interim)


I see graps has provided further evidence  of the dysfunction of the current tax arrangements re puchase of housing in Oz, but I await with bated breath for your suggestions to the current  housing crisis in Oz.   

Leroy wrote Yesterday at 5:03pm:


But banks are complicit in preferential lending to housing investment by multiple home owners,  encouraged by current taxation policy.

Quote:


Yes - and how many workers on the average wage have the time to build a house, even if they had the knowledge how to do it? Subcontracting won't save much money, and the price of land in cities is a major problem.

Quote:


The issue is intergenerational inequity, forcing young workers on the average wage into long-term renting, a situation their parents did not have to face. 

Your solution?

thegreatdivide wrote Today at 10:27am:



And the source is so good you refuse to name it.

But I switched to google and got the AI response, of course with no clue as to where they actually drained it from.

I will give you two examples off the top of mortgagee sales.

1. Where the primary breadwinner loses their job.
2. where the primary breadwinner dies.

But it seems you have dropped that silly claim.