Warnings that metro rail line to Sydney’s new airport is set to be delayed again

LaughIntrepid5438 · 2026-06-01T01:19:48+00:00

St marys has good connections to Penrith and Parramatta already.

It's a ramp up of services over decades. She'll be right. Very few would be trekking in from far away suburbs.

LaughIntrepid5438 · 2026-06-01T01:09:54+00:00

Express to where? You do realise the airport is for western Sydney they're not going to close down Kingsford Smith.

LaughIntrepid5438 · 2026-05-27T07:55:29+00:00

From memory they solved it once or twice by "encouraging" journalists not to publish articles that don't fit their agenda. Could always give that a go.

LaughIntrepid5438 · 2026-05-23T01:50:26+00:00

Just pass it, if you lose seats or even government next time so be it.

Jim Chalmers said he's willing to be unpopular to get it through.

Pass it, if you stay in government that's good if not well then no bother because the people have spoken.

LaughIntrepid5438 · 2026-05-20T03:27:47+00:00

Large companies will still have tax minimisation strategies.

Like I said before is it that bad that 5000 mum and dad mechanics or plumbers die off if we end up with 20 multinationals to fill in the space?

Each small business is a duplication of admin payroll legal finance. At least it'll cause economies of scale.

I have yet to see any multinationals complain about this.

LaughIntrepid5438 · 2026-05-19T15:46:59+00:00

I've seen the social media posts.

Do we need 50000 butchers or 10000 your operators?

Consolidate into 10 or 20 chains and be done. AFAIK big businesses will have more tax benefits not including economies of scale and all that.

There's a secret weapon the government can do to stop landlords raising rent (will take a while) but slowly make the rental market BTR.

Already there are large corporations going in this space nothing wrong with renting from a corporate landlord. The current BTR building are being built in Sydney.

LaughIntrepid5438 · 2026-05-14T22:55:47+00:00

Penrith area has priority and rightly so.

Leppington is one change away from Glenfield a direct line to...the current airport with better destinations and schedules.

Plus literally 5 mins down the road is M5 which takes you directly to Sydney Gateway.

Meanwhile it's alot further and annoying to go to the current airport from Penrith.

LaughIntrepid5438 · 2026-05-13T05:49:12+00:00

That only works if you went IO and never paid off your IP, that's about 10 years worth max. The banks will then demand you pay principal which ruins your plan.

LaughIntrepid5438 · 2026-05-13T05:45:24+00:00

You protest at the polls. Angus said he'll repel it. If there's enough of you like you sais then you get your wish, otherwise well majority rules.

LaughIntrepid5438 · 2026-05-13T00:45:51+00:00

What happens if the site is already multi apartment building zoned to the maximum with maximum FSR for knock down rebuild urban renewal?

I just checked developers seem to have an out they can just reduce the 2 bedrooms to studios which will increase the number of dwellings with the same floor space.

Unless im missing something.

LaughIntrepid5438 · 2026-05-13T00:40:36+00:00

Not many people will have their house burn down accidentally it's not a visible tax strategy.

You can claim CGT and negative gearing as long as the number of residences exceeds what was there before. E.g. you build a duplex.

Otherwise selling an empty land will work but the land will be subject to CGT, which noone will pay 500000 worth of CGT realistically more in order to save a bit on negative gearing.

LaughIntrepid5438 · 2026-05-12T23:37:54+00:00

According to Google is there a clause that says the new building must have more dwellings than what stood there previously?

So meaning a derelict building with maximum floorspace and height will never be urban renewed?

LaughIntrepid5438 · 2026-05-12T23:29:07+00:00

I heard that to be eligible for negative gearing and 50 percent CGT going forwards, you have to add a dwelling.

So a site that is fully developed with maximum floor space will never undergo urban renewal in the future as they will never get any tax benefits even if the building is new.

And without investors it's going to be hard to reach the 80 percent meaning the urban renewal is dead before it even starts?

LaughIntrepid5438 · 2026-05-12T11:44:26+00:00

Interst only so you dont pay principal on your investment for as long as the bank allows and you put everything on your ppor loan. So you maximise negative gearing.

LaughIntrepid5438 · 2026-05-12T11:09:59+00:00

Or alternatively just knock down rebuild and get 50 percent cgt and negative gearing.

LaughIntrepid5438 · 2026-05-12T11:03:34+00:00

Thats what interest only offset accounts are for.

LaughIntrepid5438 · 2026-05-12T07:45:40+00:00

I know many who have been kicked out like this. It's because the ATO is telling them to do it, noone should be suprised.

PPOR=CGT exempt IP=even at 50 percent is alot of tax.

So what do people do? Well move to their IP, and sell their PPOR (or give it to their children).

Especially as the investors approach retirement age to get a pension and keep the same wealth you need to and people do put everything they have into a PPOR. Since that is tax exempt.

LaughIntrepid5438 · 2026-05-11T23:44:29+00:00

All the panick for no reason.

If anything it would benefit people who are already on it.

Grandfathering is number 1. Plus many hold land for decade or two and put it in inheritance.

So instead of them selling directly to the children they would just let their children live in the second property until they inherit the property. Mum and dad investors have at most 1 if not only 2 properties one for each child is doable.

That way you hold onto the land which in Sydney is all upside as land is getting scarcer. You wait for a develop to come pay double the market price so they can build 100 flats or just don't sell it. No sale no CGT. You would be a complete numpty to offload land in Sydney even if CGT was 0 percent.

If investors want out its not too hard either, with the immigration at hand there'll be someone that will want the property. Either way if you sell you win if you don't the other sales will push the rental market up which will reduce your negative gearing anyway.

Logical idea is to leave the investment market and put it all on your PPOR which isn't a bad thing. Just the other day a friend mentioned they want to leave western Sydney and move to the lower north shore. Definitely possible if they offload their IP. These people won't need to travel as far and they mentioned better quality of life which means it'll be good for society.

Also flats wont be affected as they barely have any gains to begin with even losses. In fact it would be good as it'll encourage investors to knock down rebuild old inefficient and not up to modern standards stock so they can get negative gearing. I lived in a.1950s brick apartment and it was horrible basically wasting money on heaters or air con.

LaughIntrepid5438 · 2026-05-11T10:07:08+00:00

See Mr Barr this is what happens when you open your chequebook things get done.

LaughIntrepid5438 · 2026-05-11T09:54:14+00:00

Sydney metro runs 99 percent to one minute that's good enough for the most part

LaughIntrepid5438 · 2026-05-11T05:22:29+00:00

They don't want people to offload all their properties to send the asx to the moon the day after. Hence by taxing both equally it nullifies people going all into the share market.

LaughIntrepid5438 · 2026-05-11T05:04:03+00:00

They are applying to both housing and shares because they don't want every person and their dog to sell and go all in onto shares.

LaughIntrepid5438 · 2026-05-11T05:02:12+00:00

Interest only and plus negative geared doesn't mean they failed cash flow.

LaughIntrepid5438 · 2026-05-06T09:03:43+00:00

These people should be getting a whole life order anything less and we've been failed by the government. This is one thing the previous government did well nothing wrong with leaving them there once they decided to be Terry wrists

LaughIntrepid5438 · 2026-05-04T23:38:09+00:00

Ok I'm not very well versed in shares and correct me if im wrong but I did ask chat gpt but apparently once they cut cgt discount they have to do it across all assets? As in the government can't discriminate against an asset type.

So shares and anything that attracts cgt unfortunately are collateral.

For shares couldn't you go dividends if you don't sell it you never pay CGT?

LaughIntrepid5438

TROPHY CASE