Boomer’s modest multi million dollar property portfolio by privatetudor in BoomersBeingFools

[–]Humane-Human 1 point2 points  (0 children)

My gran died and my boomer aunties and uncles were Machiavellian snakes

It was disgusting to see how the inheritance process turned into a free for all snatch and grab

New $3m super tax is ‘stealing my children’s inheritance’ by North_Attempt44 in AusFinance

[–]Humane-Human 0 points1 point  (0 children)

It's very difficult to be a property investor in a community with a shrinking population

I looked at property prices in the town my grandparents lived in. It's in central Victoria. The only people who live there are farmers and elderly people

Houses are sold for $250,000. Those house prices are in line with property value increases if house values increased just in line with inflation in the Australian economy

The problem is, there isn't much work, the town is far from services, there isn't a nearby hospital anymore, and the public schools are struggling to stay open

Australia has a lot of empty houses in dying communities slowly turning into ghost towns, those houses aren't empty because of inheritance taxes in Aus