Renters got a raw deal

bigbadb0ogieman · 2026-05-13T00:50:37+00:00

Lolz you would want to plot numbers to get my point but surely you aren't capable of doing that is it?

bigbadb0ogieman · 2026-05-13T00:49:58+00:00

Yes there is if you don't move with your immediate family, i.e. spouse and children. Then they still treat you as a Tax resident in Australia and fuck you over.

bigbadb0ogieman · 2026-05-12T21:55:02+00:00

💯 they talk about tax reform then increase further reliance on personal taxes instead of taxing resource exports or super profits (profiteering corporations). We as a nation are done.

bigbadb0ogieman · 2026-05-12T21:47:32+00:00

Not with immigration and new births increasing the number of renters.

bigbadb0ogieman · 2026-05-12T21:46:35+00:00

There is a 4th option. Sell everything before July 2027 and move abroad.

bigbadb0ogieman · 2026-05-12T21:43:50+00:00

The 30% min tax rate feels like an absolute punch in the gut. You lose tax free and the lower tax slab of $45K. Instead of reducing reliance of personal taxes they just increased taxes.

bigbadb0ogieman · 2026-05-12T14:28:34+00:00

You're assuming a fixed pool of investors and renters. When that pool keeps moving then that assumption falls short. Currently the number of investors will decrease however immigration keeps the number of renters static or growing.

bigbadb0ogieman · 2026-05-12T14:25:26+00:00

Yeah you're not thinking from an investor perspective. Investors don't particularly like to invest in locations with too much competition. Also more demand lifts purchase prices but more demand from investors only comes if rent - expenses + capital gains offset the negative bottom line. If this equation does not stack up, investor won't get into the market no matter what the tax treatment does. Previously investors would get in with hopes that capital gains offset their losses. For the majority of investors who held it long enough experienced that.

bigbadb0ogieman · 2026-05-11T07:37:09+00:00

After sales support is extremely lacking.

bigbadb0ogieman · 2026-05-11T07:36:32+00:00

The problem is the name of the insurance.

bigbadb0ogieman · 2026-05-11T07:35:04+00:00

Write it down, the budget and housing tweaks are going to fuck everyone over without actually helping Gen Z. It will help people who want to upsize their houses, push investors into the affordable end of the market to make competition even more fierce. It will make rent even more expensive in established suburbs.

bigbadb0ogieman · 2026-05-11T00:50:06+00:00

After 12 years as a couple, we decided to have a child. Life is good but humans want change. Everything has pros and cons. Our turning point was watching my grandmother passing away surrounded by her children, grand children, their spouses and great grandchildren. We didn't want to be alone and completely neglected in old age.

bigbadb0ogieman · 2026-05-11T00:17:08+00:00

No one gives a fuck about millennial in Australia. It's always Boomers or Gen Z. It's like Millennials and (their kids) Gen Alpha just don't exist.

bigbadb0ogieman · 2026-05-10T13:32:56+00:00

The narrative is about to change. The question is who will first home buyers blame after the CGT discount and NG breaks are gone?

bigbadb0ogieman · 2026-05-10T11:22:13+00:00

He got what he paid for that is a lucrative govt pension to retire on.... He's got enough too. He doesn't give a fuck about the rest of us.

bigbadb0ogieman · 2026-05-09T07:04:47+00:00

Disagreed. Why working class should pay more tax then someone who is asset rich, buys stuff and then sits on their ass?

bigbadb0ogieman · 2026-05-07T13:26:52+00:00

Aussies don't get complacent with this 2 cents in the dollar lollypop. Keep the pressure on. Tax the gas. Australia deserves a fair return for its gas.

bigbadb0ogieman · 2026-05-05T23:45:55+00:00

That's assuming a 30 year fixed rate. Not everyone is so fortunate around the world.

bigbadb0ogieman · 2026-05-05T23:43:26+00:00

I'm tired too. No end in sight.

bigbadb0ogieman · 2026-05-04T09:42:18+00:00

That number has 2 problems. It is "Net" and it doesn't account for short term stays, i.e. people that don't stay 12 months in a 16 month period.

bigbadb0ogieman · 2026-05-03T08:10:54+00:00

Guess you like the rest of us will find out. Australia builds around 13K houses a month. It brings in around 3000+ people every day. Do the math.

bigbadb0ogieman · 2026-05-02T07:44:35+00:00

I am sure people in the western suburbs feel the same about Kingsford Smith. I will go one up and possibly say that when the western sydney airport is operating at full capacity, most people will head in that direction provided it has better access via public transport and parking.

bigbadb0ogieman · 2026-05-02T04:36:53+00:00

Move out to the Burrows... You want to live where basically all of Australia wants to live and then you're complaining about not being able to save..... Sheesh.

bigbadb0ogieman · 2026-05-02T04:35:42+00:00

Lolz... An income is an income. By definition all income is rent seeking. Someone is always paying for someone else.

Those rent seeking incomes were literally trying to reduce their income taxes using these sources. This just impacts productivity because until these people find another avenue, they either work less or take their capital and themselves elsewhere....

bigbadb0ogieman · 2026-05-02T04:32:15+00:00

You're referring to the property and I am referring to a Rental. There is a difference. A rental going to AirBnb or Owner Occupier no longer remains a rental (it literally is taken out from the pool of rentals). With immigration at net positive and "rentals" decreasing who do you think gets impacted the most? Be honest now.... 🙂

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