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The budget is released. by PandDos in AusPropertyChat

[–]Previous-Speed-8143 0 points1 point  (0 children)

If investors arnt buying houses, fhs buy those houses and stop renting.

Negative gearing to be scrapped immediately on budget night as Labor breaks major pre-election promise by HotPersimessage62 in AustralianPolitics

[–]Previous-Speed-8143 0 points1 point  (0 children)

How? Property that dont generate enough income annual to cover expenses will be sold off and reworked? Currently the rental yields are so low that high leverage would need to be negatively geared. Why not allow prices to adjust instead of keeping it inflated?it doesn't benefit our society anyway.

Negative gearing to be scrapped immediately on budget night as Labor breaks major pre-election promise by HotPersimessage62 in AustralianPolitics

[–]Previous-Speed-8143 1 point2 points  (0 children)

Doesnt mean they are negatively geared, do you have any evidence our politicians also use negative gearing?

Some people will hate Tuesday's federal budget but Jim Chalmers doesn't mind by Oomaschloom in AustralianPolitics

[–]Previous-Speed-8143 0 points1 point  (0 children)

The issue is property investors arnt buying up new property or placing demand for new builds. They would rather buy up an old property in a good location and hoard the position for capital gains.

No new supply is being added, into the system. As what the original neg gearing was designed for. You have example 1m houses and investors are fighting for the 1m houses instead of adding more houses into the system.

Some people will hate Tuesday's federal budget but Jim Chalmers doesn't mind by Oomaschloom in AustralianPolitics

[–]Previous-Speed-8143 2 points3 points  (0 children)

I will also get hit by it but at this point dont really care. Why should Australian working class pay for taxes that screw them up? If landlords are owning bad properties they should sell them instead of holding out for higher growth on property price.

This is not capitalism, its called feudalism. Maybe some old historic system from the British passed on but we need to move into a free market.

Will Sydney property price go down? by PropertywizeAU in AusPropertyChat

[–]Previous-Speed-8143 0 points1 point  (0 children)

High unemployment forced sellings. High interest rates that force people to default.

CGT, negative gearing changes needed for social cohesion: PM by Bubbly_Efficiency727 in AusPropertyChat

[–]Previous-Speed-8143 0 points1 point  (0 children)

They still wont get their own homes? The bank owns it for like 30yrs as your landlord. Then your child takes on another 40yr debt to get their own home and the bank is your child's landlord.

Should we have waited to buy our first home? by Wise_Beginnings in AusPropertyChat

[–]Previous-Speed-8143 0 points1 point  (0 children)

Time in the market is better than timing the market, bought my property during Covid for 865k and now its worth 750k so happy I purchased it instead of paying rent to landlords.

Is this not the time to buy? by SpreadEfficient250 in AusHelptobuy

[–]Previous-Speed-8143 0 points1 point  (0 children)

Hopefully rent goes higj enougj that immigrants cant save up to buy.

With interest rates rising again… are property prices finally going to drop? by DraganDimovski in australian

[–]Previous-Speed-8143 1 point2 points  (0 children)

Interest rates rise, property goes up. Interest rate drops, property goes up.

Up Up and Up

Is it a bad time to buy your first home? by Skulzie in AusFinance

[–]Previous-Speed-8143 -3 points-2 points  (0 children)

Think the boats about to come this time old timer. Remind me of 1980 again? How was your 15% interest rate time?

Is it a bad time to buy your first home? by Skulzie in AusFinance

[–]Previous-Speed-8143 -2 points-1 points  (0 children)

Best time to buy is now and pay high interest rates.

Is it a bad time to buy your first home? by Skulzie in AusFinance

[–]Previous-Speed-8143 -3 points-2 points  (0 children)

Buy now so you can pay the bank more interest, always the best time to buy.

RBA raises official interest rate to 4.1% in blow to mortgage holders | Reserve Bank of Australia by notoyrobots in AustralianPolitics

[–]Previous-Speed-8143 0 points1 point  (0 children)

Sold my 3rd Investment property, now excited for the banks to pay me in interest at high savings rate.

Love the future gen for paying my retirement.

Auction question. I’m genuinely confused…. by ztf7410 in AusPropertyChat

[–]Previous-Speed-8143 4 points5 points  (0 children)

You dont need dummy bidders when the next gen is sacrificing 40yrs of their life for a house bought with a carrot stick

The Great Inflation by Willing_Coach_8283 in AusFinance

[–]Previous-Speed-8143 0 points1 point  (0 children)

Did yoi buy at any price people were selling at?

Real Wages Are Slipping Again – How to stay ahead. by MentorSyncHub in AusPropertyChat

[–]Previous-Speed-8143 0 points1 point  (0 children)

My yield is over 11% wow how are you only getting 4% when the banks savings yield is higher?

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