I was worried Albo would be piss weak and do fuck all in government. But he’s been quietly great, I’m glad I voted for him. Shame he’s keen to do anything Israel tells him but I guess that’s Western governments
Really? I haven’t heard much of anything good. What have I missed?
You didn’t hear about them scrapping negative gearing and reducing the capital gains discount? Pretty big
And before that use a carrot to incentivise developers to make the majority of their income on the supply side so this stick wouldn’t have them yelling like the times before.
As Kohler points out in his introduction, the demand for housing started taking off in earnest after the Howard Government’s reduction of the capital gains tax (CGT) by 50% in 1999.
Very much keen to see this divergence stop, that would be a big difference. Bigger if wages can catch up.
https://michaelwest.com.au/the-housing-crisis-we-didnt-have-to-have-and-how-to-fix-it/
It also coincided with a bunch of pension changes that made using property investment to support yourself in your old age a sensible choice.
And so fucked us all.
Yeah, so makes sense that they had to grandfather it. I’m not into fucking old people either 😜
Nah fuckem. At this point the boomers could sell up their investment properties and absolutely have more money than they’d spend for the rest of their lives. Tax the shit out of anything past PPR.
I live in government housing. I pay $150 a week in rent. I am so fucking thankful. I would literally be homeless without it as I’m on DSP.
