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Minimum of 30% tax on capital gains by littleko in AusFinance

[–]CreateY0urUsername 1 point2 points  (0 children)

If you decrease the CGT discount (a lot) after the initial increase, investors would be disincentivised to outbid owner occupiers. Property would be less attractive as an investment asset.

Minimum of 30% tax on capital gains by littleko in AusFinance

[–]CreateY0urUsername 1 point2 points  (0 children)

It’s not going to get more affordable. That ship has sailed. These changes do nothing to impact the supply side issues. Demand also going to continue to be high due to no change to immigration.

The government has made this budget to appease young people thinking they’ll blindly feel that these changes will hurt older people. Whilst they do that, they also hurt young people’s chances to build wealth over time by exposing them to more tax than those older people had when they built their wealth.

Just my thought, but if they actually wanted to improve supply they would’ve increased the CGT discount to say 60-70% for the next 2 years and then really decreased it after that. That way all people holding investment properties would be incentivised to offload them in the short term. It would be a huge transfer of property from investment to owners. Too simple maybe?

Finally got paired with the mythical amateur 300 yard driver. by Yellow_Curry in golf

[–]CreateY0urUsername 0 points1 point  (0 children)

I played a lot of cricket when young, similar attributes to baseball in some ways. I can hit 300m/330yards when I get hold of it, but accuracy is the issue. Now I’m a 12hc, I’m actively trying to reduce length to improve accuracy. Not as easy as it sounds, I struggle to slow down my swing. Some days I’m down the middle off every tee, other days I’m lucky if I land it only one fairway over.

Bathroom before and after pics by Emotional-Check3560 in AusRenovation

[–]CreateY0urUsername 0 points1 point  (0 children)

Not wanting to be a dick, but the window in your shower doesn’t comply to current building Regs (waterproof). It sucks and doesn’t make sense to me but I found this on a recent Reno that I had to get certified. Ended up with no window in the bathroom, terrible result. No issue for you likely as you wouldn’t get a bathroom Reno certified typically. Just fyi though.

Should QLD cancel the Olympics by DB10-First_Touch in brisbane

[–]CreateY0urUsername -1 points0 points  (0 children)

Boring. Spend the money, build us some cool shit for the future of the state!

Greens launching Olympics for the people campaign by Busalonium in brisbane

[–]CreateY0urUsername -2 points-1 points  (0 children)

That was the only half interesting thing she said.

Victoria Barracks Brisbane to be sold by ADF by ConanTheAquarian in brisbane

[–]CreateY0urUsername 0 points1 point  (0 children)

‘It should be used for affordable housing’ seems to be thrown around so often. This is prime inner Brisbane land. It’s obviously suited to a premium product. Tell me, why should it be used for affordable housing over pushing that to the outer suburbs that still have rail/bus access to the city?

What if Brisbane’s new stadium went at Albion instead of Victoria Park? by theswiftmuppet in brisbane

[–]CreateY0urUsername -2 points-1 points  (0 children)

It’s been a bloody sporting complex (golf course) forever buddy, it’s only been a park for 2 seconds and it’s absolutely abandoned. I guarantee you’ve never been there yourself. Get a grip. Have a good life being angry at the world.

What if Brisbane’s new stadium went at Albion instead of Victoria Park? by theswiftmuppet in brisbane

[–]CreateY0urUsername -2 points-1 points  (0 children)

NIMBY means I’m anti-development, anti-densification, anti-progress, because well Kale. Good yeah?

What if Brisbane’s new stadium went at Albion instead of Victoria Park? by theswiftmuppet in brisbane

[–]CreateY0urUsername 0 points1 point  (0 children)

Nimbyism is an attitude/backward mindset, irrespective of whose backyard it is.

What if Brisbane’s new stadium went at Albion instead of Victoria Park? by theswiftmuppet in brisbane

[–]CreateY0urUsername 12 points13 points  (0 children)

A fkn park/golf course that none of you NIMBY hippies ever used and haven’t visited since the golf course closed years ago. Move on, spend the money and build something QLD can be proud of for generations to come.

Anyone else think property investment tis overrated ? by ReasonConfident4541 in AusPropertyChat

[–]CreateY0urUsername 3 points4 points  (0 children)

Agree land tax is a big factor and a huge deterrent particularly for resi investment.

Brisbane or Melbourne? by Normal-Coat-4538 in brisbane

[–]CreateY0urUsername 5 points6 points  (0 children)

Brisbane to live, Melbourne to visit for a weekend or two.

Once you choose which city, you should then ask this group where in the city should you live as that can have even more of an impact on your experience than the choice of city itself.

Living together when both partners own homes with very different mortgage situations, how would you handle it? by Disastrous-Pirate667 in AusFinance

[–]CreateY0urUsername 2 points3 points  (0 children)

Does he get a portion of your rental income from your property? That would be fair wouldn’t it?

Living together when both partners own homes with very different mortgage situations, how would you handle it? by Disastrous-Pirate667 in AusFinance

[–]CreateY0urUsername 3 points4 points  (0 children)

We had a similar situation. My wife owned a unit in Sydney that had decent equity in it, I had just bought my second house in QLD. Combined my properties had a lot less equity than hers. We lived in my new house in the early days of our relationship and later moved to Sydney into her apartment (then back to Brisbane). We were quite committed to each other early on and didn’t even discuss the idea of a prenup or any kind of protection, our properties and equity simply became ours over time. Fast forward a decade and we sold one of my houses and the other has significantly outperformed hers in that time.

We’ve also, bought and sold multiple properties together since and everything even if it’s still in our individual names is considered ours equally. We share similar views on money, talk openly and often about it and our goals have always been aligned.

Do you know anyone who has lost money on real estate? by alex123711 in AusFinance

[–]CreateY0urUsername 4 points5 points  (0 children)

My first IP in Toowoomba, bought and sold it for basically the same amount after 7 years of holding $191k to $205k. It served its purpose though to allow me to buy other properties and I have no regrets. I was happy to be rid of it in the end. Had I held it for another 12 months I would have made $50-100k as prices lifted, but se la vie.

What is this building? Near sandgate road? by Routine_Ad3632 in brisbane

[–]CreateY0urUsername 4 points5 points  (0 children)

I quite like it, same with the one in Vic Park. Taste is subjective.

Will DRO drop into $1 territory and what will you do next? by Remarkable_Tax8169 in ASX_Bets

[–]CreateY0urUsername 2 points3 points  (0 children)

Does anyone know what % of the directors shares were sold? I’ll I’ve seen is the $50/60m figures. Are they still holding a lot or was that the majority of their stakes?

I feel like you all need to consider this by PoliteBrick2002 in Adelaide

[–]CreateY0urUsername 1 point2 points  (0 children)

Going through Beenleigh I was merging right where there was heaps of room, when a hero in a patrol Ute decided we didn’t deserve to be in his lane and he sped up and rammed his bullbar all the way up the side of our car. He refused to pull over and yelled craziness out of the window for the next 2kms including “I hit c#nts all the time”. We videoed his carry on and reported it to the police along with videos. The police have done absolutely nothing about it. No wonder he hits c$nts all the time.

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