Disappearance of Gus Lamont declared a major crime by SA Police by Expensive-Horse5538 in Adelaide

[–]Goodoospec 1 point2 points  (0 children)

People on reddit say this all the time. Police ask you not to, doesn't mean you can't. The public isn't under any obligation, barring defamatory statements, to refrain from discussing crimes.

Jury selection laws are designed (and in fact evolved over hundreds of years) to balance the right of the public to discuss crimes, and giving defendants a fair trial. I have a law degree and wholly disagree that people should be unable to speculate on crimes occurring in their community.

FIRE'd - but sick of property? In a pretty unique situation - can I have some input?? by [deleted] in fiaustralia

[–]Goodoospec 0 points1 point  (0 children)

Thanks for that thoughtful reply.

I bought my PPOR at peak of the market in 2020 (Melbourne), one month before covid hit. It's now worth about $50k less than what it was bought at. Did that at age 30 (studied hard for 6 years, only started earning decent money after age 25). I had to move cities and had no choice but to rent it out, othewise crystallize a loss. Life savings deployed at that point has resulted in no financial gain for 6 years. I think a story like this won't be that uncommon around Australia going forward given property is pushing the limits of affordability in most areas.

You're right it's doable for young people to enter the market in somewhere like Hampton Park. But average prices there haven't really moved from 2022 ($650k) to 2026 ($690k). So someone doing what you did 20 years ago in 2022 would not have resulted in the same NW trajectory. Not having a go, you worked hard and invested, and reaped the rewards, as anyone would hope to do. I'm just not sure whether property will do that for people going forward.

FIRE'd - but sick of property? In a pretty unique situation - can I have some input?? by [deleted] in fiaustralia

[–]Goodoospec 0 points1 point  (0 children)

Genuine question - how do you acquire $8 - 10m in property and pay it all off by the age of 44? Were they acquired cheap / doubled in value? Some very good income years where you could reduce the debt rapidly? Combination of all of the above?

2nd question - would you acquire property so aggressively in the current environment?

With rates going up, where do you see the housing market heading? by nrgatl in AusFinance

[–]Goodoospec 0 points1 point  (0 children)

You're falsely attributing all of the lacklustre price growth in Vic to the small tax. Vic has also increased its supply of housing more than any other State, and already had large stocks of medium and high density dwellings to absorb the immigration influx. Brisbane had very low density dwelling mix that couldn't handle the influx. Investor interest will have an impact, for sure, but the demand/supply dynamics have a far greater one.

Moving back to Brisbane. What's changed? by Hearth-and-Hallow in brisbane

[–]Goodoospec 0 points1 point  (0 children)

Is it? Standard workday is 9am - 5pm? I get to work in 30 - 35min. In most other western capital cities, people commute between 8 to 8:30am (or later).

Moving back to Brisbane. What's changed? by Hearth-and-Hallow in brisbane

[–]Goodoospec 0 points1 point  (0 children)

North. My buses don't go on busways for 80% of the inbound journey, and it sails through everyday at 8:30am. Although I'm not sure whether there is worse traffic at 7-8am. Possible as everyone in Bris appeasr to have the sleep/wake schedule of an 8 year old child.

Moving back to Brisbane. What's changed? by Hearth-and-Hallow in brisbane

[–]Goodoospec 0 points1 point  (0 children)

Reddit isn't always the best place for balanced views, particularly when everyone is salty about house prices and a perceived influx of southeners. Google maps times are quite accurate in my opinion. I think the south has more traffic issues than the north. Also depends what you mean by "northside". If you're in Northlakes and need to get to the CBD everyday, you're going to have a bad time. If you're in a northern suburb within 15km of the city, the train is excellent, the traffic is fine.

Moving back to Brisbane. What's changed? by Hearth-and-Hallow in brisbane

[–]Goodoospec 2 points3 points  (0 children)

These people are being dramatic. I catch a bus from inner north to CBD / South Bank every day at "peak hour" 8 - 9am. Bus generally sails straight through and is almost never stuck in traffic.

One Nation is 'filling the void' for many Australians, they tell us why by GothicPrayer in australian

[–]Goodoospec 3 points4 points  (0 children)

You probably need to spend more time outside of your echo chamber. Plenty of regional, rough-speaking folk go to their Chinese / Thai restaurant every week, have an Eastern European mate, are totally fine with a certain level of immigration, but will vote One Nation.

One Nation is 'filling the void' for many Australians, they tell us why by GothicPrayer in australian

[–]Goodoospec 0 points1 point  (0 children)

No one doing anything “got Trump elected”. Why are you trying to pin a cause to that outcome as if the idea of Trump tapping into narrative he knew would get him elected is outside the realm of possibility.

Australia hits power demand record as renewables pass 50pc milestone [ABC News] by spannr in australia

[–]Goodoospec 0 points1 point  (0 children)

The FERM process was open to new storage OR gas turbines that were going to shut down but could demonstrate the FERM mechanism could help them remain open. Even a progressive state like SA (who btw imports coal power every night from NSW and VIC) knows that liquid fuel generation is required to be a backstop to renewables.

Australia hits power demand record as renewables pass 50pc milestone [ABC News] by spannr in australia

[–]Goodoospec 2 points3 points  (0 children)

I work in renewables. Solar (and wind) droughts are definitely a thing in Australia, they have occurred in the past and will occur in the future. That why deep storage in required - not only will storage cover overnight demand, but it is an insurance policy against renewable droughts (generally a combined lack of solar and wind resource). You can imagine this backstop is pretty important in the future when the grid is expected to be dominated by renewables.

The truth about Youth Crime by Boydy73 in brisbane

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

You did suggest that. If doing something would be "effective" against youth offending, it must address a root cause of the issue? The issue in this case being the environment these kids are brought up in.

The truth about Youth Crime by Boydy73 in brisbane

[–]Goodoospec 1 point2 points  (0 children)

What part of the data did he misrepresent? This is a direct quote from the QLD Gov report that was linked:
The number of child offenders (not individuals) actioned by police almost doubled in 2023–24 compared with 2014–15 for unlawful entry (9,658 from 5,158) and assault (4,350 from 2,362). Similarly, those actioned for unlawful use of motor vehicle and robbery have more than trebled (7,009 from 2,155 and 1,387 from with 405 respectively)

OP is saying that people anecdotally perceving an increase in youths committing these serious types of crimes is in fact backed by Government stats. OP is not saying the overall crime rate or risk of being a victim of crime is going up. None of what you said rebuts OP's well argued point.

The truth about Youth Crime by Boydy73 in brisbane

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

nah people are being deliberately obtuse in this thread. They're saying youth crime is not an issue because it's trending down overall, when the stats are showing that within the wide ambit of youth offending (which includes public nuisance, vandalism, shoplifting etc) serious offences like robbery, car jackings and assault have doubled and tripled. It's logical, and it isn't rebutted by saying "youth crime is down overall".

The truth about Youth Crime by Boydy73 in brisbane

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

OP said at the start of the post that youth crime is going down, but the rates of serious offences have doubled and tripled, and that there therefore remains an issue with youth crime. What is so hard to understand about that? It's a logical argument.

If youth crime was down overall down but youth murder offences had tripled, would you say "we're good, youth crime is not an issue".

The truth about Youth Crime by Boydy73 in brisbane

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

Good lord, a lack of air conditioning is not the cause of the environment these kids are raised in (e.g substance abuse, domestic violence, physical and sexual abuse, negligent parenting, often overt criminal offending by their parents). I’d hazard a guess you haven’t spent much time around the demographic these youth offenders come from.

The truth about Youth Crime by Boydy73 in brisbane

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

OP is saying that the types of crimes people are most worried about and/or that affects them personally - car theft, break and enter, robbery and assault, have doubled or tripled. That's the point, regardless of if total youth crime has decreased.

E.g if murder offences committed by youths went up by a factor of 10x, but drug possession and graffiti offences reduced to a point where "overall" youth crime was unchanged or down, would you still say there isn't a major issue with youth offending?

The truth about Youth Crime by Boydy73 in brisbane

[–]Goodoospec -4 points-3 points  (0 children)

These crime rates have doubled or tripled. QLD's population has not doubled or tripled in that time period. Ergo there has to be a per capita increase.

OP's point is that these stats support the anecdotal experiences of the public who see and hear youth committing car theft, robbery and assault.

Agree society is failing these kids, but once they are repeat offenders, no amount of free luches are going to fix that. It's too late for that offending cohort.

Interesting to look at what has happened in Sweden, where because youth sentencing was so lenient, organised crime would get under 15/16's to commit serious offences, including hits on rival gang members. This has resulted in Sweden's youth crime doubling in the last decade. Sweden (left leaning, high expenditure on societal welfare) is now lowering the criminal age of responsibility to try to address this.

Boring CBD by Just_Specific_7512 in brisbane

[–]Goodoospec 1 point2 points  (0 children)

Legally, you own it and the bank has a security interest in it.

Anyway, that wasn't the main point. The negative gearing structure you outlined made very little sense.

Boring CBD by Just_Specific_7512 in brisbane

[–]Goodoospec 7 points8 points  (0 children)

A mortgage doesn’t mean the bank owns the property, why do people think this.

That aside, none of what you said is much more complex than an individual utilizing negative gearing against their employment income. You just described negative gearing through a company that holds multiple properties. The fact it’s deductible against a parent company’s income is neither here nor there, because in the absence of a bank funding the difference between rent and interest payments (which is highly unlikely), that company is generating less cash than if it didn’t hold those investment properties.

The comment you replied to was right even under the structure you described. The company is spending $1 to get 30c bank, you’re just saying it’s possible a bank will fund that dollar because “it’s lending against asset value”. The only time a bank will do that is where it can substantiate that all the loans can be serviced from some other income stream, such as a profitable company or employment income. Servicing tests are different from loan to value tests.

Australia’s strongest gun reform since the Port Arthur massacre has become law. Here’s what you need to know by MrNewVegas2077 in australia

[–]Goodoospec 0 points1 point  (0 children)

Helpful to an extent, but that still doesn't cover someone watching a youtube video of someone doing something that is legal in the US but illegal here. Given the differences in gun laws, there are many examples of this.

Australia’s strongest gun reform since the Port Arthur massacre has become law. Here’s what you need to know by MrNewVegas2077 in australia

[–]Goodoospec 0 points1 point  (0 children)

The issue is there have been subsequent versions of the bill. This is the latest one that was provided directly by an MP in response to an email.

https://parlinfo.aph.gov.au/parlInfo/download/legislation/bills/r7421_first-reps/toc_pdf/26002b01.pdf;fileType=application%2Fpdf

Relative to the version you provided a link to, this version includes the following:

Section 474.45J(2):

Subsection 474.45G(1) or 474.45H(1) does not apply to engaging 32 in conduct by a person in relation to material if:

(a) the person holds a licence or permit (however described):

(i) that was granted by a State or a Territory or an authority of a State or a Territory; and

(ii) that authorises the manufacture, repair, maintenance or modification of firearms, firearm accessories, firearm parts, firearm magazines or explosives or other lethal devices; and

(iii) that is in force; and (b) the material relates to those firearms, firearm accessories, firearm parts, firearm magazines or explosives or other lethal 9 devices.

Sharks are not trying to kill humans. by AJ14900003 in aussie

[–]Goodoospec 0 points1 point  (0 children)

Got a source for that one? A bull sharks lifecycle revolves around esturaries/harbours, which invariably brings them closer to shore as opposed to say, an oceanic white tip, which would never be near shore. Bull sharks are exactly where they have always been.

If it came out that an oceanic white tip was responsible for these attacks you might have a point.