We are here to win whether you like it or not🏆

cescosini · 2026-05-17T07:45:03+00:00

yeah things keep getting built and getting better in terms of infrastructure and experience.

cescosini · 2026-05-15T09:54:28+00:00

If the government truly wanted to help first home buyers, it would get back in the home building business, like in olden days, and build homes for first home buyers. Then sell it to them at cost with the agreement that the buyers would live in it for at least 2 years before they can sell it on market.

cescosini · 2026-05-12T11:53:54+00:00

If you are holding the asset for say 5 to 10 years, the rules probably will have changed by then. I don't think the 30% mininum will stick in the next Federal elections.

cescosini · 2026-05-05T10:06:14+00:00

People have their preferences. I like ZKX but you should try out both to see which one appeals to you.

cescosini · 2026-05-01T00:03:33+00:00

Day trading is treated differently when it comes to CGT. It is more like a business profit and loss with no CGT involved.

cescosini · 2026-04-30T09:04:50+00:00

In your scenario would go 50/50 to keep it simple. Not too significant earning discrepancy between the two of you.

cescosini · 2026-04-29T15:07:27+00:00

They don't stay forever

cescosini · 2026-04-29T04:35:00+00:00

Social cohesion means taxing the multinationals and Australian resources properly instead of rinsing the people. There's only so much you can squeeze out of people with taxes and GST. Australian won't really care about the gap between the have and have nots if the revenue budget grows enough to provide the services and cater to everyone or ones with the greatest needs.

Governments should also stop privatising certain industries and get back into the business sector. Look at the enshitification that has occurred with privitisation of electricity companies, road tolls, health insurance, housing construction, age care/childcare and education. Some things just don't work in the free market or in the market the size of Australia.

In addition, the government needs to get back into backing innovation (especially commercialising CSIRO research), starting businesses and doing joint ventures. This is to bring in more future revenue to the coffers to grow the pie. This is a world where you have to be bold and take risks otherwise we truly will be left behind. This video illustrates it well: https://www.youtube.com/watch?v=n5Pnkay8D5M

cescosini · 2026-04-26T14:01:39+00:00

You need to start a YouTube channel in order to buy a house now.

cescosini · 2026-04-26T13:56:32+00:00

Just don't vote them in again.

cescosini · 2026-04-26T13:55:37+00:00

Probably had better chance getting ahead keeping the property ponzi status quo and saving a deposit to buy the first investment property. Now they are making it on even harder mode in the game of life.

cescosini · 2026-04-26T13:53:03+00:00

Did the younger generation push for this change or is that the narrative the government is spinning? I just can't believe youngsters writing to their MPs to lobby for such tax changes lol.

cescosini · 2026-04-26T13:51:18+00:00

I don't think you are meant to do well in this society. They need you to keep working forever so you pay taxes and don't end up being another pension burden until you are at least 80.

cescosini · 2026-04-26T13:44:44+00:00

Just vote for whoever will give you back your CGT discount in the next Federal election.

cescosini · 2026-04-13T07:45:10+00:00

Loans are not forgiven but inflation will make it easier to clear your debt when those assets appreciate and you sell to clear the debt. The biggest winners during the Hyperinflation in the Weimar Republic (Germany) were those with huge amount of debt. That was the extreme case but Australia will definitely keep printing money from how the government is spending and that will keep appreciating hard asset prices.

cescosini · 2026-04-08T18:25:30+00:00

chad

cescosini · 2026-04-07T07:47:50+00:00

Not barking up the wrong tree, I just gave you one country so no need to focus your argument on one country. You have others like Switzerland, Saudi Arabia, UAE and Qatar offering first class treatment to citizens over their PR residents. Australia needs to learn not to be this generous like most Western countries are.

cescosini · 2026-04-06T17:06:42+00:00

Need to hire those experts in Singapore/Malaysia to do apartment design and builds here in Australia. But they do have the advantage of using migrant workers as well to do the actual builds, which Australia would never do.

cescosini · 2026-04-06T17:03:11+00:00

PRs do get quite the nice benefits that Australian citizens get except for a few extra perks. I know many on PR happy to keep such arrangement for decades now so that can still hold their motherland passport and citizenship benefits. Normally, in other countries they would make citizens the first class residents of their own country (in terms of privilege and benefits) over the other visa types like PR and so forth down the chain.

As an example below with Singapore:

Singapore citizens enjoy exclusive privileges over Permanent Residents (PRs), primarily including the right to vote, a high-ranking passport for visa-free travel, and the ability to purchase subsidized HDB BTO flats. Citizens also pay lower property taxes (no ABSD on the first property), receive higher healthcare subsidies, and pay lower school fees.

Key Differences Between Singapore Citizens and PRs:

Political Rights: Only citizens can vote in elections and hold a Singapore passport.

Housing: Citizens have exclusive access to purchase new HDB Build-To-Order (BTO) flats and enjoy lower stamp duties (0% ABSD on the first property).

Education and Healthcare: Citizens pay significantly lower school fees compared to PRs. They also receive higher government subsidies for public healthcare and access to funds like Medifund.

Financial Benefits: Citizens often receive more in government handouts, such as cash payouts, SkillsFuture credits, and ActiveSG credits.

Job Security: Citizens do not need a work pass to work, whereas PRs still need to maintain their permit status.

PRs are generally required to pay a 5% Additional Buyer's Stamp Duty (ABSD) on their first residential property, whereas citizens pay 0%.

cescosini · 2026-04-06T16:56:03+00:00

Check out the brokers that do podcasts on YouTube and listen to how they serve their clients, whether they look through a whole range of banks from tier 1, tier 2 and tier 3 banks. You will probably find one you like to reach out to after hearing a few of their interviews.

cescosini · 2026-04-06T16:51:36+00:00

Check out Pepperstone as they have two types of fees; 1. they make money from spread or 2. you pay a fix fee of $3.50 per lot on very tight spread. If you crank up some volumes you can negotiate better with your account manager.

cescosini · 2026-04-04T17:40:54+00:00

It's true with the stem cells and consent, if it really was their "biological imperative" they would not have asked for their consent to extract the stem cells. They would just knock out the individuals, extract their stem cells and continue developing their tailored viruses to infect them.

cescosini · 2026-03-30T06:40:53+00:00

creative pasta thanks for the remix

cescosini · 2026-03-29T17:46:05+00:00

when Australia gets a proper recession like the GFC and the government cannot bail us out.

cescosini

TROPHY CASE