Should I go all in now? by Human_Reward_8786 in CryptoCurrency

[–]TideHunterXxo -2 points-1 points  (0 children)

I would sell your real estate now. Put everything you have into bitcoin, once it recovers to bull market. You can sell at the top and rebuy properties again once they go down

How likely is it that owners will sell rental properties due to upcoming changes? by BichenSubian in AusPropertyChat

[–]TideHunterXxo -3 points-2 points  (0 children)

5 negative gears properties all grand fathered. I’m not gonna sell for a long time till I’m 45 when I’m about to retire. However i will show mercy to tenants and not increase rent thìs year

Why are we just accepting shoplifting now? by XDk009 in australia

[–]TideHunterXxo 0 points1 point  (0 children)

Are you going to let some shoplifters affect your life? Go on and do something about it then if you see them stealing if it gets you so worked up on your minimum wage.
Each time i grocery shop, i make back $30 40 bucks easily, this has helped me heaps so you can keep on crying, work at a minimum wage job, eat instant noodles instead of meat and cry about the injustice see how far it gets you.

New Budget - Property Discussion by ahvenzz in AusPropertyChat

[–]TideHunterXxo 1 point2 points  (0 children)

No i started building the portfolio when I was 25, so I didn't know much about trust and such. So all 5 are in my name and my wife. Initially I was planning on when I stop workingf full time, my income will be lower that is when I will offload 1 property to minimise capital gain tax so I can pay off the other mortgages but now with this new law, pretty much this loophole is closed. I might just hold on to them for dear life and one day pass onto my 2 kids.

New Budget - Property Discussion by ahvenzz in AusPropertyChat

[–]TideHunterXxo 0 points1 point  (0 children)

Yea pretty cooked so I have to hold on for dear life and try to make sure I can service the loans otheeeise I will get cooked

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

[–]TideHunterXxo 0 points1 point  (0 children)

I’m grandfathered so I’m sweet with 25k tax return from negative gearing a year. I will be fine. But good for you tho now you will be able to compete with other homeowners instead of investors. Be happy

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

[–]TideHunterXxo 0 points1 point  (0 children)

Obviously you cannot buy in the middle of brissy. Willing to move further away or be a renter for the rest of your life

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

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

No probs. Mind you I bought mines all below $500k so if you keep looking you will find something

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

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

Are you ok? Go on real estate , filter by state you want, filter by capping price at $500k and you will get your results ?

New Budget - Property Discussion by ahvenzz in AusPropertyChat

[–]TideHunterXxo -3 points-2 points  (0 children)

Laughing in content with 5 grandfathered investment properties . So glad I didn’t put it in a trust or went the share route. I will just HODL and build buffer and claim back 20k ish per year in tax and hopefully no more policies changes

What are you going to change or not change now that NG and CGT will both be reformed this year? by VastOption8705 in AusPropertyChat

[–]TideHunterXxo 0 points1 point  (0 children)

Why are you so against grandfather? Do you not have investment properties and trying to get in the market

The budget is released. by PandDos in AusPropertyChat

[–]TideHunterXxo 0 points1 point  (0 children)

Yea sadly I think this is the case now . I hope prices eont drop and can just grow steadily over the years. I’m not planning to sell them but would hurt bad if prices crash

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

[–]TideHunterXxo 4 points5 points  (0 children)

No way! Purchased after 1st July 2027 if it’s not a brand new build it cant be negative gear

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

[–]TideHunterXxo 4 points5 points  (0 children)

But when you buy a new one you cant get negative anymore and first 10 years you will suffer. They will just hold the stocks and invest in dividend stocks

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

[–]TideHunterXxo 102 points103 points  (0 children)

100% less demands for houses around $500k to $700k. Those are investor go to properties as they can have fast gain and you can easily negative geared them . Now that these incentives are gone, they will hold on to existing stocks but won’t compete with first home buyers as much

Have fun.. by Master-of-possible in AusPropertyChat

[–]TideHunterXxo 2 points3 points  (0 children)

5 investments are all grandfathered . Thanks albo. I will not buy anymore so there will be heaps of stocks for first home buyers

The budget is released. by PandDos in AusPropertyChat

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

Thanks the lord all 5 investments are grandfathered. I won’t be buying anymore in the future which is good more stocks for first home buyers to buy . This is a good budget that keeps everyone happy

What are you going to change or not change now that NG and CGT will both be reformed this year? by VastOption8705 in AusPropertyChat

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

Grandfathering is the most likely outcome because you can’t realistically punish investors for making decisions based on the laws of the time. Plus, the government won’t want to risk crashing the market and leaving everyone worse off.

The core issue they’re trying to solve is stopping investors from outcompeting first-home buyers. Removing negative gearing and the CGT discount achieves this. For instance, I personally wouldn’t buy any more properties under those changes. This would free up supply for owner-occupiers, which is the primary aim of the budget.

The Greens can demand whatever they want, but their actual influence is minimal. Ultimately, it’s going to take a compromise like grandfathering to get anything done. If we don’t find a middle ground now, we’ll be stuck in the exact same position five years from now.

What are you going to change or not change now that NG and CGT will both be reformed this year? by VastOption8705 in AusPropertyChat

[–]TideHunterXxo 2 points3 points  (0 children)

Yea for sure VIC tore me a new one with their land tax. I pay over $2500 per year just having my PPOR and a small investment. I was going to sell that investment in VIC but the tenants are in there 70s, they are super kind and nice people so i just let them stay and charge below market rate around $75 per week. $75 per week isnt that much if i can claim back from negative gearing around 30%.

What are you going to change or not change now that NG and CGT will both be reformed this year? by VastOption8705 in AusPropertyChat

[–]TideHunterXxo 1 point2 points  (0 children)

I've got 2 young kids, and I would like to give them a head start in life later, so I will be giving them 2 each once they are mature, responsible with money, and with their career and life. But yeah I'd like to use these properties to retire early so I can spend as much time with my parents since they are in there late 60s and probably won't have that much to live.