Anyone surprised?
In the meantime, The Greens want to “drive a hard bargain with Labor before committing to pass the measures through parliament”… and say “the changes for property investment were little more than “tinkering around the edges” and as much as 95% of the benefits of the existing rules would remain”.
Liberals:“Labor’s budget has gone too far!”.
Greens::“Labor’s budget hasn’t gone far enough!”.
One Nation:“I dunno! What’s a budget? Immigration! Asians! Muslims! Aborigines!”A budget is a female budgie 😜
Given the LNP is in the political wilderness for at least another century or two, it’s unlikely this will happen. If they even start looking like the slightest alternative to Labor, someone only needs to remind everyone that Taylor and Wilson worked with (and gleefully supported) … Scott Morrison. And he was (and remains) a cunt, and our worst ever PM.
On an aside, anyone thinking of voting PHON? What the fuck is wrong with you?!
As a former Labor voter, Labor has been so woeful under Albanese (who was billed as ‘having a bit of the mongrel in him’ when fighting for people’s rights, but turned into dogshit once elected), I’m considering voting Greens!
The Greens need to stop this ‘hard bargain’ stance of theirs. It has cost us progress on important matters in the past and would cost us progress on this topic now.
“Le mieux est l’ennemi du bien” --Voltaire. In english: ‘The best is the enemy of good’. Don’t prevent progress in the direction everyone needs in pursuit of the perfection up front. You won’t get perfection and you styme any progress in its pursuit.
The Greens are doing the right thing. This permanent position of having to accept tepid policy or dipping feet in the water on structural stuff that needs changing based on ‘it’s something at least’ has to change.
Tired of hearing this ‘best is the enemy of good’ crap. That’s not applicable here and it’s time we stopped accepting it as the standard we’re walking past.
We know why these grandfathering exceptions are brought in and doing so hobbles the effect the tax concession removals will have.
They should scrap it going forward and phase the rest out over 10 years.
Except the federal government has spent the last 50 years telling people to buy real estate. Two thirds of Australians own or have mortgages on their homes. Frankly, anything to rock the boat is going to need to walk the line of what the electorate will accept. You can’t just dictate all your wishes to them, the changes will just get repealed and we will be back to square-one.
Except…
Times have changed; most of that property is held by a small percentage.
Two thirds…own or have mortgages
Not all of which are investment properties and they aren’t in this discussion, so that’s redundant. Two thirds don’t have eye pees, which these tax concessions target.
Frankly, anything…
Yeah this again. We know. Weak policy dressed as mature, steady and pragmatic. We hear it all the time after Labor steal something from the Greens (and it is, the Greens wanted these gone before Shorten) and weaken it for interest groups, who are now no longer the majority.
You can’t just…
Release tepid policy and not expect those politicians that actually do work for us do something about it. I’ll vote them in to do it again too.
get repealed
Not if they work, which stopping all going forward and phasing out the rest will do and quickly.
I dunno, equally the government should negotiate better and stop doing this “our way or the highway” style stuff where they act like good governance is tyranny of the average preference default.
The greens have the same duty to their voters labor has to theirs, the government needs to be willing to negotate and can’t just hold the left hostage by saying “either rubber stamp this or we make it more right wing”.
fr, “my way or the highway” is not a political stance we need
It’s funny how both you and naevaTheRat used the same phrase, whilst talking about different parties. I actually agree with both of you - you can’t start up front with a hard stance of everything you demand. We need to compromise to get the ball rolling as a starting point. It is so much easier to progress a policy further once it is moving in the right direction than it is to get the whole electorate to get behind too much too soon. Otherwise you see stuff like repeal of the Emissions Trading Scheme. Yes, the scheme was imperfect - but it was a start; and it was overturned because it didn’t ‘go far enough’ for the Greens. And now we have nothing.
Same goes for the Republic debate.
Same goes for the Voice.We’ll see it with changes to housing costs as well if we don’t get behind progress - any progress on the matter.
My wife and I each earn over the Median Australian salary of ~$74k. We should easily be able to afford a house. But there are barely any 3+ bedroom homes within a 10-15km radius of the CBD under $1Million. That’s ludicrous. Even assuming we had $200k saved for a deposit, an $800k mortgage over 20 years means repayments of about $74k/year at ~7% interest. It should not cost 100% of a median salary to buy a home. Instead, we rent a 3-bedroom townhouse for 60% of median salary. Which is also ludicrous. The kids have no yard, just a brick courtyard. There are jobs advertised full-time for less than what we pay on rent. I have no idea how someone earning $40k/year survives in this economy.
The present housing situation is simply unsustainable. We either start doing something about it now, or we face some sort of serious crisis down the line.
I’ll be very honest, i’m old enough to have seen the greens party birth and from a perceived lunatic fringe to the mainstream. But the current lot have been incredibly obstructionist and it’s cost them voters. Styming progress because it’s not perfection then makes the left position look milquetoast and unable to accomplish anything due to “infighting” which is gleefully exploited by the right again and a fucking gain.
Yeah we need to do a fuckton better. But when parties come hard to the election with the policies we need, the voters tell them to go get fucked. So if we gotta drip feed some of the “scary” shit to progress, fckn drip feed it.
Though I understand the point you make, the Greens have been able to get better deals by pushing the govt. Sometimes they have not succeeded but often they have. I guess it’s about knowing how far and in what way to push.
There are going to be a lot of people who go quiet in a few months when the rental market doesn’t suddenly destroy itself, and they realise they can’t simply double rent 😂
I don’t see why people think it will significantly change… everything is grandfathered in and just means instead of investors buying established houses it will be home owners.
Investors have been threatening they’re going to sell their properties for years. And on facebook, there are many who literally say they’re important and they’re doing everyone a favor by investing.
Despite saying that, it hasn’t happened.
Even when interest rates were decreasing, they still ramping up rent then too. First home buyers aren’t negative gearing (because they’re living in it), so this is a sensible move
People have such skewed expectations. I don’t know why people think investments need to be guaranteed (there’s inherent risk in investments). It also flabbergasts me people think investments > home ownership.
Here’s the Greens response to the Budget: https://www.youtube.com/watch?v=mYIEYvq2a5M
