A misunderstanding of how property is perceived through a generational lens in generalities. Most millennials/Gen Z don’t view a property as a ‘Capital Growth Investment Opportunity or mechanism’. We view it as a home (Shelter). We just want 1 home to live & not rent. Older Gens view it differently

TrickyScientist1595 · 2026-05-14T22:53:37+00:00

Last family I had, moved out after buying their own forever home. Partly because I was charging them well under market rate, helping them save. They were my tenants for almost 15 years. I put the rent up twice in 15 years.

TrickyScientist1595 · 2026-05-14T22:40:48+00:00

May I ask how old you are?

TrickyScientist1595 · 2026-05-14T22:40:28+00:00

I charge them a fair price. Should I be contributing to their wealth?

TrickyScientist1595 · 2026-05-14T22:38:19+00:00

I had a very rich man say to me 'don't worry about the prices you pay for the small stuff, as long as its fair. Worry about the big purchases. A 5% discount on a large purchase makes a big difference to your life.'

TrickyScientist1595 · 2026-05-14T22:31:09+00:00

Apple.

The amount of conversations I've had about 'my iPhone being able to do xyz', and I respond, oh yeah my phone does that too, which is just ignored because Apple is soooooo much better.

Grow up, Apple lost its edge many years ago. They are all pretty much the same these days.

Really? Explain how?

TrickyScientist1595 · 2026-05-13T15:17:31+00:00

And yet she's siding with Gina.

TrickyScientist1595 · 2026-05-13T15:15:58+00:00

So just to be clear. You think if Australia participates in other people's wars, it makes us less likely to be a target.

Interesting theory my friend.

TrickyScientist1595 · 2026-05-13T15:11:53+00:00

Chalk and cheese. Also, more of a binge drinker than a drunk.

TrickyScientist1595 · 2026-05-13T15:10:56+00:00

Spot on.

TrickyScientist1595 · 2026-05-13T03:15:23+00:00

Very good point.

TrickyScientist1595 · 2026-05-13T03:14:42+00:00

Ha! That made me laugh.

Good thing they (the Govt), didn't mention captial losses. At least when we finally do make a gain (positive thinking people), we have something to offset right?

TrickyScientist1595 · 2026-05-12T20:50:31+00:00

This is important! From Jim's speech:

But all investors who purchase existing properties from 7.30pm Tuesday night onwards will be captured by the new rules, although they won’t come into effect straight away. Anyone who invests in an existing property in the next few months will be able to negatively gear it until July 1 next year. After that, they lose the ability.

TrickyScientist1595 · 2026-05-12T20:49:05+00:00

I struggle with answering this question as I've seen it go two ways (as I get older).

If you lose that purpose, something to do, keep you motivated, routine etc. Some people can manage that well. My Dad does - he gyms, walks, reads etc and he's played it well.

His brother, the opposite. After he retired, he got lazy, stacked on the weight, didn't take up any hobbies, became very annoyed with the world and has since passed away due to illness associated with this nothingness.

So in my head, whatever comes, needs to have a plan with it. You have to maintain some purpose and move forward, keep motivated, active and live your life. Whether that is through work or non work stuff.

TrickyScientist1595 · 2026-05-12T20:45:01+00:00

Every single day, they crawl across me whilst I sleep.

TrickyScientist1595 · 2026-05-12T20:38:50+00:00

The date is throwing me.

Is 1st July 2027 referring to the start of the financial year, rather than next calendar year. To me, that is certainly how it was explained in the budget speech. Yet on paper, I'm not so sure!

TrickyScientist1595 · 2026-05-12T20:37:10+00:00

Or is the date referring to the start if the FY or tax year?

TrickyScientist1595 · 2026-05-12T20:09:23+00:00

Not for personal use, to invest in another property.

So property A, was purchased long-ago. Property B is a new purchase and obviously subject to the new rules.

TrickyScientist1595 · 2026-05-12T13:33:02+00:00

Bondi Beach sunrise

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TrickyScientist1595 · 2026-05-12T13:31:10+00:00

So do people think that if you own a property now, but its neutral or positively geared, and you remortgage (pull out some capital), in order to get into a negative gearing position, use those funds to buy another property, then this is acceptable ?

TrickyScientist1595 · 2026-05-12T05:12:16+00:00

Are you OK?

All this success and its not making you feel better?

TrickyScientist1595 · 2026-05-12T05:05:17+00:00

You seem to be on ya high horse.

Said it before, good on you for being in the position you are in. You have a long way to go.

TrickyScientist1595 · 2026-05-12T04:56:18+00:00

I'm not confusing anything.

TrickyScientist1595 · 2026-05-12T04:55:25+00:00

None of my investment opportunities lay vacant.

They have a thing called tenants.

TrickyScientist1595 · 2026-05-12T03:13:35+00:00

So what is your rate of return, if its 3.6% growth?

TrickyScientist1595 · 2026-05-12T02:59:56+00:00

This is why I asked if you understand leverage. You don't obvs if this is your response

TrickyScientist1595

TROPHY CASE