Australian Politics Forum - Really? I have to start the budget discussion?

Bobby.

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Re: Really? I have to start the budget discussion?
Reply #15 - May 13^th, 2026 at 10:58am

https://www.abc.net.au/news/2026-05-12/federal-budget-generational-equality-youn...

"Properties currently being negatively geared can still be negatively geared. This is thanks to the practice of "grandfathering" — a budgetary practice in which persons currently benefiting from a scheme are allowed to continue benefiting, in order to avoid mass panic and/or systems collapse. 'Grandfathering' is a term absolutely crying out for a rebranding, by the way. And not just because in the context of this "intergenerational justice" budget, it sounds a lot like making an exception for Grandpa and his 15 blocks of flats ."

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Sprintcyclist Gold Member Offline OzPolitic Posts: 41707 Gender:	Re: Really? I have to start the budget discussion? Reply #16 - May 13^th, 2026 at 11:21am It's a good budget, closes tax loopholes the rich have used unethically for decades
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Bobby.

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Re: Really? I have to start the budget discussion?
Reply #17 - May 13^th, 2026 at 11:26am

https://www.abc.net.au/news/2026-05-12/why-chalmers-reined-in-the-property-tax-l...

Without the grandfathering, the political backlash would have been more severe, given the 1.2 million negatively geared property households.

It also would have had the potential to send property prices into a sharp decline.

While most first home buyers would welcome a sharp drop, it could have caused some issues with a real estate-obsessed banking system.

The mooted changes are likely to have only a modest impact in the early years and gradually increase as older investors sell.

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Bobby. Gold Member Offline Australian Politics Posts: 119742 Melbourne Gender:	Re: Really? I have to start the budget discussion? Reply #18 - May 13^th, 2026 at 11:30am "a real estate-obsessed banking system." Chalmers is protecting the Banks - he doesn't care about young people paying rent.
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Bobby.

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Re: Really? I have to start the budget discussion?
Reply #19 - May 13^th, 2026 at 12:07pm

Bobby. wrote on May 12^th, 2026 at 11:01pm:

Daves2017 wrote on May 12^th, 2026 at 10:55pm:

The removal of tax rebates for private health insurers is capable of sending private hospitals broke.

It also sounds wonderful to remove 75 thousand houses from rental investments and have them put into the market for owners occupied ownership.

Where exactly are the 75 k families currently renting these properties going to go and live?

It's a drop in the ocean:

We import more than 500,000 people per year.

"As of June 2025, the estimated population of Canberra (including the whole of the Australian Capital Territory) was 484,630."

We import more people than that every year.

mass immigration is the problem.

It has not been addressed.

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lee

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Re: Really? I have to start the budget discussion?
Reply #20 - May 13^th, 2026 at 2:18pm

LNP never again wrote on May 13^th, 2026 at 7:18am:

Team Albos budget was absolutely perfect for the times , thank god the grown ups are in charge

yes they "saved" millions and spent millions more than the savings. Bebt went up despite the protestations.

So what was the difference for the capital gains tax 6 months ago and now? What actually changed in that period?

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lee Gold Member Offline Australian Politics Posts: 20749 Gender:	Re: Really? I have to start the budget discussion? Reply #21 - May 13^th, 2026 at 2:20pm Sprintcyclist wrote on May 13^th, 2026 at 11:21am: It's a good budget, closes tax loopholes the rich have used unethically for decades You mean for the mum and dad investors that want to generate wealth with one rental property? How dare they? Labor do not want anyone to aspire to wealth.
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Daves2017

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Re: Really? I have to start the budget discussion?
Reply #22 - May 13^th, 2026 at 2:24pm

Bobby. wrote on May 13^th, 2026 at 12:07pm:

Bobby. wrote on May 12^th, 2026 at 11:01pm:

Daves2017 wrote on May 12^th, 2026 at 10:55pm:

The removal of tax rebates for private health insurers is capable of sending private hospitals broke.

It also sounds wonderful to remove 75 thousand houses from rental investments and have them put into the market for owners occupied ownership.

Where exactly are the 75 k families currently renting these properties going to go and live?

It's a drop in the ocean:

We import more than 500,000 people per year.

"As of June 2025, the estimated population of Canberra (including the whole of the Australian Capital Territory) was 484,630."

We import more people than that every year.

mass immigration is the problem.

It has not been addressed.

“ Guess what’s going to happen to our population in the next four years. Right now we have about 26 million people living in Australia, maybe closer to 27 million.

“It’s rising to almost 30 million people within four years. Almost half a million are planned to be coming to Victoria.

“The city of Geelong, I think, has about 250,000 people. So in four years’ time, we will have population equivalent to two more Geelongs.

“Are we going to build two more Geelongs to house them all? No, of course we’re not. So the reason we are not going to see intergenerational fairness, the reason we are not going to suddenly see first home buyers able to afford a home is primarily this — our population is still rising dramatically.”

“ news ltd.

This is the issue facing Australian people.

Importantly we are using our immigration policy to make up for the complete failure of higher education in this country over decades.

We can’t provide our own doctors, nurses or teachers.

We can’t even provide truck drivers!

So rather than address the issues with our education system let’s just import a solution?

There is nothing groundbreaking in this budget. Despite its media hype.

There are no major reforms or big ticket items.

They have overspent and simply tinkered around to make rise tax’s and pretend they haven’t.

We need real reform and solutions.
Not more taxes and more spending.

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After weeks of poor press regarding Albo ( and Scomo) poor management of fuel reserves and desperate for a major distraction.
Federal Police arrest Ben ( war criminal) Smith.
What Amazing timing?

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Ai_Took_Our_Jobs Gold Member Offline Australian Politics Posts: 730 Gender:	Re: Really? I have to start the budget discussion? Reply #23 - May 13^th, 2026 at 2:30pm Have issues with things like more money squandered on never never nuke subs. Otherwise overall, not bad.
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Dnarever

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Re: Really? I have to start the budget discussion?
Reply #24 - May 13^th, 2026 at 3:30pm

Bobby. wrote on May 13^th, 2026 at 12:07pm:

Bobby. wrote on May 12^th, 2026 at 11:01pm:

Daves2017 wrote on May 12^th, 2026 at 10:55pm:

The removal of tax rebates for private health insurers is capable of sending private hospitals broke.

It also sounds wonderful to remove 75 thousand houses from rental investments and have them put into the market for owners occupied ownership.

Where exactly are the 75 k families currently renting these properties going to go and live?

It's a drop in the ocean:

We import more than 500,000 people per year.

"As of June 2025, the estimated population of Canberra (including the whole of the Australian Capital Territory) was 484,630."

We import more people than that every year.

mass immigration is the problem.

It has not been addressed.

Yes we need an off-shore solution and more lies about children being thrown overboard ?

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Dnarever

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Re: Really? I have to start the budget discussion?
Reply #25 - May 13^th, 2026 at 3:42pm

What a terrible budget. It unfairly targets older Australians who struggle and are disadvantaged more than enough as it is. They just lost one hell of a lot of votes. It's a shame that the liberals are so disgusting.

When the answer is that there is no answer it is awful. Should I vote Fred Flinstone or Bugs Bunny in 28 ?

This is a typical miserable nasty liberal party move done by a miserable nasty Labor party.

I voted bad - it should have been terrible.

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« Last Edit: May 13^th, 2026 at 3:52pm by Dnarever »

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Sir Grappler Truth Teller OAM

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Re: Really? I have to start the budget discussion?
Reply #26 - May 13^th, 2026 at 4:13pm

Dnarever wrote on May 13^th, 2026 at 3:30pm:

Bobby. wrote on May 13^th, 2026 at 12:07pm:

Bobby. wrote on May 12^th, 2026 at 11:01pm:

Daves2017 wrote on May 12^th, 2026 at 10:55pm:

The removal of tax rebates for private health insurers is capable of sending private hospitals broke.

It also sounds wonderful to remove 75 thousand houses from rental investments and have them put into the market for owners occupied ownership.

Where exactly are the 75 k families currently renting these properties going to go and live?

It's a drop in the ocean:

We import more than 500,000 people per year.

"As of June 2025, the estimated population of Canberra (including the whole of the Australian Capital Territory) was 484,630."

We import more people than that every year.

mass immigration is the problem.

It has not been addressed.

Yes we need an off-shore solution and more lies about children being thrown overboard ?

Grasshopper - you must learn to differentiate between asylum seekers and immigrants... I'd rather we cut mass immigration out and look at the refugee claimants first.

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“Facts are stubborn things; and whatever may be our wishes, our inclinations, or the dictates of our passion, they cannot alter the state of facts and evidence.”
― John Adams

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freediver

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Re: Really? I have to start the budget discussion?
Reply #27 - May 13^th, 2026 at 4:36pm

The policy is bad for the housing market - so much so that Labor have to throw more money at it to prop it up:

https://www.abc.net.au/news/2026-05-13/how-budget-tax-changes-will-affect-you-cgt-negative-gearing/106674212

Quote:

Treasury expects the policies will overall reduce housing supply by 35,000, but Labor's other investments in housing in this budget will add 65,000 new homes, with the budget expecting a net increase of 30,000 homes.

Even with the added handouts for the building industry, rents will still go up:

Quote:

And the budget expects house price growth would be 2 percentage points slower than otherwise, and that rents would increase by about $2 per week.

So much for helping battlers with the "cost of living crisis".

Anyone know if there are changes to negative gearing for other types of investments?

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People who can't distinguish between etymology and entomology bug me in ways I cannot put into words.

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Carl D Gold Member Offline Australian Politics Posts: 10952 Rivervale, Perth Gender:	Re: Really? I have to start the budget discussion? Reply #28 - May 13^th, 2026 at 5:20pm Gee, what a surprise. https://x.com/purplepingers/status/2054410707702067520 (May need to click the little speaker icon at the bottom to hear it). Quote: Landlords saying the quiet part out loud And encouraged by scumbag real estate agents, no doubt.
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greggerypeccary

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Re: Really? I have to start the budget discussion?
Reply #29 - May 13^th, 2026 at 5:22pm

Sir Grappler Truth Teller OAM wrote on May 13^th, 2026 at 4:13pm:

Dnarever wrote on May 13^th, 2026 at 3:30pm:

Bobby. wrote on May 13^th, 2026 at 12:07pm:

Bobby. wrote on May 12^th, 2026 at 11:01pm:

Daves2017 wrote on May 12^th, 2026 at 10:55pm:

The removal of tax rebates for private health insurers is capable of sending private hospitals broke.

It also sounds wonderful to remove 75 thousand houses from rental investments and have them put into the market for owners occupied ownership.

Where exactly are the 75 k families currently renting these properties going to go and live?

It's a drop in the ocean:

We import more than 500,000 people per year.

"As of June 2025, the estimated population of Canberra (including the whole of the Australian Capital Territory) was 484,630."

We import more people than that every year.

mass immigration is the problem.

It has not been addressed.

Yes we need an off-shore solution and more lies about children being thrown overboard ?

Grasshopper -

(1)

you must learn to differentiate between asylum seekers and immigrants...

(2)

I'd rather we cut mass immigration out and look at the refugee claimants first.

Yes, and yes.

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GOP = Guardians Of Paedophiles

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Poll
Question: The Federal Government budget for 2026 is
Great 2 (18.2%) Good 2 (18.2%) Average 2 (18.2%) Bad 1 (9.1%) Terrible 4 (36.4%) Total votes: 11 « Last Modified by: Vic on: May 13^th, 2026 at 7:48pm »