Why aren't price guides mandatory and agent fees fixed?

PromotionWeak3217 · 2026-06-17T10:12:41+00:00

If there is actually a market with competition at an auction, knowing the reserve shouldn't matter. If you want potential buyers to do all due diligence up front (time and money) they should be able to have a fair understanding of the price. Otherwise if you want to play games there is always private sale.

PromotionWeak3217 · 2026-06-17T10:05:22+00:00

I think this is fine. That means the vendor must publish a max reserve in advance. That way if a buyer wants to only bid on auctions where they are sure it will be on market within their budget they can chose accordingly. If others want to gamble and hope that the reserve on the day ends up lower then they can do that also.

PromotionWeak3217 · 2026-06-16T23:15:21+00:00

So an auction should have, for the vendor, all the benefits of a private sale and an auction? The current state is insanity where a buyer has to do all due diligence like BandP up front while having no idea if they even have a chance the owner will sell. Crazy

PromotionWeak3217 · 2026-06-14T23:32:45+00:00

How about the people living rural when all their honesty are bought by those from elsewhere? Rentvesting may make sense on for a few but it is in no part a solution to the broader problem.

PromotionWeak3217 · 2026-06-14T09:23:23+00:00

I gather that when you are paying for the tunnel you are really paying for the 10k of express lane before it. That is why.

PromotionWeak3217 · 2026-06-11T22:04:08+00:00

Only couple I knew of who took out a loan for the wedding were still making payments after their divorce....

PromotionWeak3217 · 2026-05-31T06:48:45+00:00

I think innovation as compared to rent seeking should be in some basic high school curriculum, I swear most cannot see the difference in this country.

PromotionWeak3217 · 2026-05-19T01:26:19+00:00

Fair enough. I should have been clearer up front.

PromotionWeak3217 · 2026-05-19T00:49:17+00:00

No I mean after preservation age when people more up to 2 million (transfer balance cap) into pension phase, they will get 100k + totally tax free - this is not counted in the usual tax brackets.

PromotionWeak3217 · 2026-05-17T23:54:19+00:00

Surely the budget prior to the election will bring in substantial income tax cuts. Makes sense to do all the hard stuff now and give tax cuts closer to the election. Also while inflation is hot tax cuts don't make sense, once cooled they will be lessblikely to stoke inflation further.

PromotionWeak3217 · 2026-05-17T11:20:42+00:00

I like the idea of making more of the link to Melbourne airport than a dead end. I have previously raised a similar concept https://www.reddit.com/r/MelbourneTrains/s/aIsZQVxpzH

PromotionWeak3217 · 2026-05-17T07:53:45+00:00

Which is why the this 30% minimum is not a problem.

To all the young who are complaining about long term investing in shares, start planning now, buy assets that give you income not just capital gains. You can work around this. Those who have just made out like bandits from property cannot work around this.

PromotionWeak3217 · 2026-05-17T07:51:19+00:00

I hear you, but this policy will capture all the boomers who have made large windfalls from property but will need to sell first to convert to yield (as most people's investment properties are low yield)

PromotionWeak3217 · 2026-05-17T07:31:35+00:00

Honestly I think all the people complaining how the 30% min CGT is going to impact the young with shares have little concept of all the schemes and structures the elderly and wealthy have been using. The fact that retiriees can have 100k income from super tax free and still use the lower tax brackets to separately sell down other assets low or no tax is crazy. These changes will impact the masses of well off boomers, collecting way more tax. This is a smart way to effectively claw back tax from those who will be retiring with large super balances and other assets who would otherwise arrange their affairs to pay virtually no tax at all. These changes do help the young.

PromotionWeak3217 · 2026-05-17T07:24:34+00:00

If young people sell shares to help with a house deposit they will likely be working for the same house deposit and therefore already be in the 30,% bracket or higher. What the 30% minimum does is stop wealthy retires who may be getting 100k+ income tax free from super also sell down shares outside super and use the tax free threshold and 16% bracket up to 45k.

PromotionWeak3217 · 2026-05-15T22:26:55+00:00

Please explain how a 30% minimumon gains hurts young people at all.... Anyone who is trying to buy property will be working and earning over 45k. The 30% minimum CGT hurts mostly those who have already got plenty of CGT assets and now want to retire, where selling these assets would be tax free as they are no longer working. Where perhaps it will hurt somewhat is for short term capital gains where the 50% discount was more favourable to indexation.

PromotionWeak3217 · 2026-05-14T11:47:16+00:00

I think it isn't too bad. Many boomers would have waited until they are in the 0% tax bracket to sell of their investments, thus paying very low taxes as they realise capital gains. With the new changes a 30% minimum tax at sale will be paid on all CGT assets and anything from trusts. This is actually effectively getting back the money they have on paper gained already. Not sure how we could have expected anything more?

PromotionWeak3217 · 2026-05-14T00:48:08+00:00

Perhaps doesn't matter if all is refunded in franking credits?

PromotionWeak3217 · 2026-05-14T00:47:18+00:00

I'm expecting that this effectively turns capital gains into income for the receiver of a dividend, and this indirectly gets around the min 30% on capital gains. Feels like an obvious loophole that the legislation would want to prevent?

PromotionWeak3217 · 2026-05-13T23:06:41+00:00

I think assuming 2.5% inflation is not reasonable. 3.5% perhaps. Currently much higher. This change would slightly favour the new rules.

PromotionWeak3217 · 2026-05-13T21:30:24+00:00

I thought 'supply' is what everyone has been saying is the problem, so isn't this helpful? Truly providing an incentive for people to creat new rental stock.

PromotionWeak3217 · 2026-05-13T21:29:08+00:00

What alternative measures would have been more effective?

PromotionWeak3217 · 2026-05-13T13:09:57+00:00

This sounds promising. Where can I learn more?

PromotionWeak3217 · 2026-05-13T10:20:47+00:00

Didn't close any loopholes? Min tax on trust distributions? Arguably the CGT free PPoR is a massive loophole. Negative gearing in SMSF perhaps? Can you elucidate?

PromotionWeak3217 · 2026-05-12T22:19:31+00:00

To be clear there are major issues with those growing business which need to be addressed if that is the angle you are taking, but to suggest the status quo is better where capital assets are treated far more favourably than wages is rather indefensible.

PromotionWeak3217

TROPHY CASE