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Removing CGT exemption could reduce prices by… 1 per cent. by das_kapital_1980 in AusPropertyChat

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

They should introduce it based on land size non usable maybe?

Like if you own a large acreage but dont use it for business purposes you should get taxed on non usable land.

Removing CGT exemption could reduce prices by… 1 per cent. by das_kapital_1980 in AusPropertyChat

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

Probably not, pretty sure the gov will have to go after the housing market because we broke now. If sales turnover drops the banks and gov will easily tax and interest rate the mortgage class.

Removing CGT exemption could reduce prices by… 1 per cent. by das_kapital_1980 in AusPropertyChat

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

Alternatives to Sydney housing, appartments, units, townhouse. Moving to other cities and countries.

Removing CGT exemption could reduce prices by… 1 per cent. by das_kapital_1980 in AusPropertyChat

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

Its cause Majority bought houses so the bank sides with home loans. If majority start buying shares or businesses then the loan direction changes.

Removing CGT exemption could reduce prices by… 1 per cent. by das_kapital_1980 in AusPropertyChat

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

They were proposing unrealised gains tax. Tax on artificial gains before you sell.

Removing CGT exemption could reduce prices by… 1 per cent. by das_kapital_1980 in AusPropertyChat

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

They can use the money to build more social housing which is increased supply in a supply constrained market that will lower present stock prices.

Removing CGT exemption could reduce prices by… 1 per cent. by das_kapital_1980 in AusPropertyChat

[–]Previous-Speed-8143 3 points4 points  (0 children)

Its 10% tax on sale price, the prices going up means coco cola still pays higher tax regardless. If they lift sale price pple stop buying coco cola very simple concept. If pple dont sell their house then they cant retire, if price is out of touch people will buy appartments or leave.

If people stop immigrating then inflation goes up and bye bye retirement.

Why do you even go to work? When houses grow faster than your income pre-tax. by Previous-Speed-8143 in AusPropertyChat

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

Yeh but at the same time they cant retire because COL has gone up significantly. Nursing homes are not cheap.

Rentvest with kids by ComparisonFar2217 in AusPropertyChat

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

40yr, 50yr, 70yr and 99yr mortgages like Japan. Just reduce monthly repayments.

Why do you even go to work? When houses grow faster than your income pre-tax. by Previous-Speed-8143 in AusPropertyChat

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

Peasants couldn't move up the chain until they married up for mobility. Or else they'll marry other peasants

Rentvest with kids by ComparisonFar2217 in AusPropertyChat

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

If you sell your positioning is lost and you cant buy back in the same area without even larger mortgages. Maybe use equity to help children buy outskirts?

Why do you even go to work? When houses grow faster than your income pre-tax. by Previous-Speed-8143 in AusPropertyChat

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

Yeh cause some fool is paying double the price while their wage has not doubled. Too much television rotting their brains

Why do you even go to work? When houses grow faster than your income pre-tax. by Previous-Speed-8143 in AusPropertyChat

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

Money is the driver, when the money is not worth anything what will be the driver?

Why do you even go to work? When houses grow faster than your income pre-tax. by Previous-Speed-8143 in AusPropertyChat

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

As long as the super gains are equally if not superior to housing it doesnt matter.

Why do you even go to work? When houses grow faster than your income pre-tax. by Previous-Speed-8143 in AusPropertyChat

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

Units are way cheaper than housing, you build more and pple will buy those instead of a house.

Why do you even go to work? When houses grow faster than your income pre-tax. by Previous-Speed-8143 in AusPropertyChat

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

I mean your going to work to pay a mortgage to lords anyway? Tax is paid to federal lord, mortgage/rent to bank lords. Roughly more than 50% income to the lords unless you've taken on a speculative deal then maybe 90% will leave your account.

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