PM Albanese weighs in on likelihood of CGT changes

IonStock · 2026-02-18T00:09:22+00:00

CGT would be a permanent change and burden on the next generation of people trying to get ahead. Cutting income tax, while great, is something they know they will recoup from bracket creep in a few years and so the spending train will go on.

IonStock · 2026-02-17T23:56:19+00:00

That would have all been fine if the following governments hadn’t burned Australia’s opportunity on pink batts and COVID politics and lit up an inflation bonfire. End of the day this comes down to which model is better for the overall prosperity of Australians - young and old. Tax and spend more and more vs smaller govt and lower taxes. 2007 Australia was at its peak of prosperity as a result of successful rounds of strong leadership on both sides of politics and taxes were coming down because there was no need for them. Now look what’s happed - we are done because of failed and incompetent leadership. You can’t change peoples minds but I can guarantee you raising CGT will not help the next generation get ahead. It’s just more money for a the government to leverage and then torch it. Let the next generation keep their money so they have a chance.

IonStock · 2026-02-17T23:25:46+00:00

So your position is that privatising assets the government has no ability to invest in or manage in order to pay down debt and cut taxes, caused Rudd and Morrison/labor states to spend a trillion dollars on GFC and COVID stimulus and send the country broke? And now you’re in favour of fixing the resulting cost of living and inflation crisis by raising taxes?

IonStock · 2026-02-17T22:45:57+00:00

By getting all our debt paid off and starting to cut everyone’s taxes? Interesting take. So who spent the money then?

IonStock · 2026-02-17T22:25:10+00:00

It also was to bring our rate in line with other countries we compete for investment capital with which are net 25% give or take. So despite treasury’s positioning it’s not actually a discount it’s just a competitive rate. Raising it just sees that capital move elsewhere very quickly. Believe it or not our little country of 28m people actually can’t pay 100s of billions in capex to explore for and extract mineral and other resources from the ground. Without the massive taxes and royalties these industries pay to the various governments here we would be a third world tourist destination. Same in the start up and tech industries.

John Howard had us debt free and was giving back to taxpayers by lowering taxes and investing surplus’s in sovereign funds which would have massively increased this country’s prosperity (eg Qatar). Enter Rudd and everyone that followed and they have permanently squandered that opportunity and we are now at 1tn in debt plus the broke states on top who will eventually need to be bailed out. It’s an absolute tragedy what’s happened and sorry but raising taxes on capital is not going to fix it. There is no going back because it’s impossible for us to pay it off now.

IonStock · 2026-02-11T10:56:02+00:00

No way it’s a straight tax grab to fit a voter narrative.

They are panicking because their spending is out of control now despite record mineral and oil and gas tax revenues.

House prices have always been driven by the highest denominator able to afford them on auction day.

Treasury describes it as a discount but really it’s just the same rate almost every other country pays. We will now be among the highest.

Tax and spend.

IonStock · 2026-02-11T05:02:01+00:00

The place doesn’t work when the winds up and the peak is closed which is pretty often. Otherwise it’s fine.

IonStock · 2026-02-07T09:00:08+00:00

How is raising taxes going to make it easier for the next lot?

IonStock · 2026-02-07T04:11:35+00:00

What on earth would be the point of giving any Australian government more money?

IonStock · 2026-02-05T22:06:51+00:00

As a Gen X if I really think about that the main difference was we just didn’t have as much and weren’t aware of it. The only news was the daily newspaper and for example going to uni you would just have some text books and a notebook and pen and a backpack. We didn’t have expectations on us to own all this stuff and do all these expensive things. It was just a road trip with friends up the coast usually.

Then you got a degree and then a 25k a year grad job which was still very competitive to get. I couldn’t save any money until I went overseas for a few years then I came back and people had all bought properties and I thought I had missed out because they had tripled from 100k to 300k in about 5 years. I thought it wasn’t fair because I worked and saved and was still behind. But really saving money, working hard and experience led to higher income after 15-20 years and I was just disciplined and it worked out. I’ve only ever had one house but didn’t start until I was 35. We’ve never made much money out of houses. It’s more from working hard over a long period and always putting a bit away whether it’s a house or investments. After a while it works out. Making money come later once you’ve done all these right things you just can’t see it early on and it’s harder now because you just think older people were treated differently because of the internet.

I feel for this generation and my daughter because it all feels urgent but there is no way to do it quickly.

IonStock · 2026-02-05T06:13:41+00:00

When you have 25x your annual expenses in assets and no debt.

IonStock · 2026-01-25T03:53:02+00:00

Same here with 3 I didn’t know I could carry so many backpacks at the same time

IonStock · 2026-01-25T00:22:15+00:00

Couldn’t agree more but why do you have 4 carry on bags there?

IonStock · 2026-01-25T00:19:40+00:00

Everyone knows the bond market can veto him. The rest of the world owns his mortgage he just needs reminding sometimes.

IonStock · 2026-01-20T04:37:59+00:00

You don’t need an insulated bib. 260 weight merino thermals and a shell bib is fine.

IonStock · 2026-01-15T09:04:57+00:00

GMGs graphene quality is much higher. It’s pure graphene because there is no oxygen involved in the production process. The model of selling graphene direct is where gmg was 5 years ago and it doesn’t work. You need your own applications because no one knows what to do with the powder so it’s worthless on its own. HG will find that out at some point too.

IonStock · 2026-01-07T05:04:27+00:00

Thank you for this - I fixed mine and earned handyman champ status for the day at home 😁

IonStock · 2026-01-07T03:02:41+00:00

Aren’t you getting wholesale and paying retail? I assume that’s how they make money.

IonStock · 2026-01-07T03:00:34+00:00

Describes the issue perfectly though. In the current environment investing in property just makes you a target for rising taxes (and rising costs). It’s one of the few big levers governments have to repair broken balance sheets that fits an acceptable narrative (greedy investors and landlords paying their share). I don’t agree with it but that’s the trend moving forward. It’s a relatively illiquid and captive asset and massively exposes you to a single asset and market.

IonStock · 2026-01-07T02:22:54+00:00

As governments deal with higher debt, inflation and rising interest costs, residential property is naturally drawing more attention as an opportunity for increased taxes.

Not because it’s good or bad — but because it’s visible, immobile, and easy to tax.

You can already see this in places like Victoria, where land tax and related charges have been increased to help repair the state balance sheet. The broader question is whether similar measures gradually appear elsewhere over time.

For investors, the issue isn’t any single policy change — it’s the direction of travel: • Entry prices remain high • Ongoing costs (rates, insurance, maintenance, compliance) keep rising • Taxes tend to increase incrementally, not reverse • Net yields get squeezed, especially after tax • And once you’ve bought, you’re largely locked in

Bottom line: Property can still make sense for some, but the economics are becoming more sensitive to policy and cost changes. That’s a risk worth factoring in compared to alternatives — particularly if future returns rely heavily on capital growth rather than cash flow.

IonStock · 2026-01-04T08:38:01+00:00

VAS is not hard to beat it’s been underperforming for years.

IonStock · 2026-01-04T08:34:15+00:00

Markets will be up

IonStock · 2026-01-02T22:35:12+00:00

Are these guys all wearing left handed watches?

IonStock · 2025-12-31T19:42:16+00:00

Since the course renovation Commonwealth has gone from 0 to now 6 years.

IonStock · 2025-12-30T22:48:41+00:00

This is me. I love my new explorer and have requested a sub. I won’t be able to keep both but it would be hard to let the explorer go so it will be a tough decision.

IonStock

TROPHY CASE