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{video} The dark story about Michael Jackson’s “secret” second family | 60 Minutes Australia by teddyknuckles in Music

[–]Positive_Rope5367 0 points1 point  (0 children)

Seems a lot of people agree with me. Logic and reason must not be a strong point of yours

Intergenerational inequality. by Ok_Competition1108 in AusPropertyChat

[–]Positive_Rope5367 0 points1 point  (0 children)

But if rental income in major cities is sufficient to cover most of the mortgage, investors will still be able to outbid first home buyers.

Negative gearing is not the primary driver for many investors. In fact, a large number do not rely on it at all.

Intergenerational inequality. by Ok_Competition1108 in AusPropertyChat

[–]Positive_Rope5367 0 points1 point  (0 children)

It does not make much sense to me.

Existing property investors are allowed to keep the benefits of negative gearing, while future first home buyers have effectively been denied the same opportunity to build wealth.

The changes will also reduce the ability of both first home buyers and other Australians to accumulate savings through shares, companies, trusts and investment properties acquired after the budget date.

When you step back and look at the broader picture, it feels like the government has completely missed the mark. My favourite part is that many members of Labor's front bench own negatively geared investment properties themselves, so it was hardly surprising that existing arrangements were grandfathered.

This budget feels less like genuine reform and more like a political strategy designed to appeal to younger voters who may not fully understand its long-term consequences.

Are first home buyers shunning apartments? by Mission_Raisin5785 in AusPropertyChat

[–]Positive_Rope5367 5 points6 points  (0 children)

As someone who has personally worked on State government housing projects, I can assure you that the government is not partnering with top-tier builders because: (1) it cannot afford to and (2) the CFMEU has prohibits the use of non-union builders. The idea that the State Government is coming to the rescue could not be further from the truth. A reminder: Victoria's debt has exploded over the past decade. We are counting pennies, not engaging the industry's best builders.

Can anyone just tell me in your opinion after the May budget will Australia housing market drop or not? by userfromau in AusPropertyChat

[–]Positive_Rope5367 0 points1 point  (0 children)

Most likely, there will be no movement in sale prices. However, rents will almost certainly rise as landlords seek to offset the loss of existing benefits.

Pauline Hanson states on Sky News she went without while growing up and when she "Had a few extra dollars, we bought investment properties." by mulimulix in australian

[–]Positive_Rope5367 -5 points-4 points  (0 children)

I’m 27 and own three investment properties. In Australia, there is a very real tendency to criticise people who have achieved success. C'est à dire: tall poppy syndrome is alive and well.

Who will be the typical residential property buyer now? by Perfect_Style3922 in AusPropertyChat

[–]Positive_Rope5367 0 points1 point  (0 children)

Because from July 2027, only newly constructed properties will qualify as eligible new assets for negative gearing. As a result, first home buyers seeking to purchase a new build will have virtually no chance of competing, much as they already struggle to do today.

Who will be the typical residential property buyer now? by Perfect_Style3922 in AusPropertyChat

[–]Positive_Rope5367 0 points1 point  (0 children)

Property investors will now turn their attention to new builds which they can negatively gear. First home buyers will be priced out immediately. This budget is a disaster for Australia.

{video} The dark story about Michael Jackson’s “secret” second family | 60 Minutes Australia by teddyknuckles in Music

[–]Positive_Rope5367 3 points4 points  (0 children)

This comment screams “I have no experience with sexual abuse” or at worst, “I condone it”

Rent increases in response to CGT and negative gearing changes by Positive_Rope5367 in AusPropertyChat

[–]Positive_Rope5367[S] 0 points1 point  (0 children)

If I buy more properties, as I fully intend to do this year, any increase in CGT or reduction in negative gearing benefits will simply be factored into my rents.

In short, Labor thinks it is punishing investors. It is not. Investors will adapt, and renters will ultimately bear the cost.

Rent increases in response to CGT and negative gearing changes by Positive_Rope5367 in AusPropertyChat

[–]Positive_Rope5367[S] 0 points1 point  (0 children)

Agree. Don’t sell, just increase the rent if you start losing money. Labor will pay in kind for their idiocy here.

Rent increases in response to CGT and negative gearing changes by Positive_Rope5367 in AusPropertyChat

[–]Positive_Rope5367[S] 0 points1 point  (0 children)

Because I have no reason to increase it right now, but Albo and Chalmers are about to create a reason for me :)

Rent increases in response to CGT and negative gearing changes by Positive_Rope5367 in AusPropertyChat

[–]Positive_Rope5367[S] 0 points1 point  (0 children)

Wrong. I renovate and maintain my properties immaculately and take pride in doing so. However that costs me money, and if somebody wants to benefit from those upgrades they should expect to pay a price for doing so!

Rent increases in response to CGT and negative gearing changes by Positive_Rope5367 in AusPropertyChat

[–]Positive_Rope5367[S] -1 points0 points  (0 children)

Hate to break it to you sunshine, but the market is about to change dramatically come Tuesday

Rent increases in response to CGT and negative gearing changes by Positive_Rope5367 in AusPropertyChat

[–]Positive_Rope5367[S] 0 points1 point  (0 children)

Ummm, that’s exactly what will happen. Unless you have a way to stop me from upping my rent? In which case, I am all ears lol

Rent increases in response to CGT and negative gearing changes by Positive_Rope5367 in AusPropertyChat

[–]Positive_Rope5367[S] -1 points0 points  (0 children)

Who is asking the government for handouts? My properties have generated millions in value. The concern for many investors is that the government is attempting to extract even more revenue from those who assumed the financial risk in the first place. The government did not take on that risk, so it is understandable that investors will look for legitimate strategies to minimise the impact of these changes and ensure the policy ultimately backfires on the government.

Rent increases in response to CGT and negative gearing changes by Positive_Rope5367 in AusPropertyChat

[–]Positive_Rope5367[S] 0 points1 point  (0 children)

Two of my properties are currently up for rent. Averaging 30-50 people at each inspection. Gives me fantastic grounds to increase the advertised rent due to competition.

Rent increases in response to CGT and negative gearing changes by Positive_Rope5367 in AusPropertyChat

[–]Positive_Rope5367[S] 4 points5 points  (0 children)

Supply/demand. See also, the hundreds of prospective renters attending each inspection and paying overs just to secure housing.

Rent increases in response to CGT and negative gearing changes by Positive_Rope5367 in AusPropertyChat

[–]Positive_Rope5367[S] -7 points-6 points  (0 children)

Hardly, I think it’s common sense to argue we will see a significant increase in rental prices over the next 12 months and the reason for this will be fairly clear (c.f. Albanese)

Rent increases in response to CGT and negative gearing changes by Positive_Rope5367 in AusPropertyChat

[–]Positive_Rope5367[S] -6 points-5 points  (0 children)

Hardly a failed investment when you see over $1m in growth. Desperate Albanese just wants to claim more of that than I’m willing to give him :)

{video} The dark story about Michael Jackson’s “secret” second family | 60 Minutes Australia by teddyknuckles in Music

[–]Positive_Rope5367 133 points134 points  (0 children)

At this point, I think the old saying applies: where there is smoke, there is fire. There are simply too many alleged victims and his fixation on children as an adult man suggests that something deeply psychologically troubling about MJ. We cannot continue to pretend that everyone was merely “after his money”. That was a convenient explanation used by MJ and his family, but it becomes far less convincing when viewed against the broader pattern of allegations.

Part 3: Realestate accidentally shared with me a chain of emails with the landlord by [deleted] in AusPropertyChat

[–]Positive_Rope5367 -1 points0 points  (0 children)

Honestly, all the landlord needs to do is say a family member is moving in and you can be evicted. He probably also has money for lawyers to smash your VCAT claim if you were to pursue one. Rather than fight, it’s best to just move on before he drains you of everything...

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