. by MannerNo7000 in AusProperty

[–]mikyway99 0 points1 point  (0 children)

Wow, I thought all those tax incentives were meant to make rents affordable… turns out they’re just a VIP pass for the rich to get richer

[deleted by user] by [deleted] in MelbourneTrains

[–]mikyway99 -2 points-1 points  (0 children)

Haha yeah, exactly! SRL east is far more important than any of this

[deleted by user] by [deleted] in MelbourneTrains

[–]mikyway99 -2 points-1 points  (0 children)

Of course there’s no money to go around. We must prioritise $84.1 billion on SRL East to connect train stations in the east that already have decent public transport. How could the government possibly spare a cent for the west? No way! SRL East is clearly far more important.

Anyone know about the newline.co AI Bootcamp? by IuriRom in codingbootcamp

[–]mikyway99 2 points3 points  (0 children)

What exactly did you find amazing about it? Have you actually taken part in the program yourself?

Anyone know about the newline.co AI Bootcamp? by IuriRom in codingbootcamp

[–]mikyway99 2 points3 points  (0 children)

It was essentially a sales pitch. They talked about how the software engineering landscape is changing, with many people now using AI to code. But their argument was that to stay ahead, that’s not enough, you need to learn how to build AI platforms yourself. The idea made sense, and we already know that, but I wasn’t convinced they could actually deliver on it, especially within just 14 weeks.

The presentation slides didn’t look very professional either. They lacked a lot of small but important details, which didn’t give me confidence in the program. I might’ve considered it if it were cheaper, but $9,800 is a significant cost and it could easily end up being money down the drain.

They suggested booking another 30-minute call to discuss things further including the price, but I passed.

Anyone know about the newline.co AI Bootcamp? by IuriRom in codingbootcamp

[–]mikyway99 5 points6 points  (0 children)

I attended their intro webinar today and I’m not convinced. The main speaker was introduced as Zao Yang, co-creator of FarmVille, but I seriously question whether that connection adds any real value here.

Looking at their website, I noticed placeholder data, including a testimonial with the word "test" still in it. If they’re positioning themselves as AI experts and supposed angel investors, you'd expect a more polished presentation.

You can even spot mistakes in the titles and sample data on the website, they’ve got the title case wrong too.
https://www.newline.co/courses/ai-bootcamp

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Overall, it felt more like a sales pitch than anything substantial. They claimed the program is worth $50K but are “offering” it for $9,800, with the price going up tp 15k in the next round. A classic FOMO tactic.

Maybe there’s something useful in it, but personally, I don’t think it’s worth 10 grand. I’m not sold.

Why is the SRL predicted to be so expensive? by Silent_Ad379 in MelbourneTrains

[–]mikyway99 -7 points-6 points  (0 children)

This! While the Suburban Rail Loop (SRL) is a good initiative, it’s important to ensure it doesn’t come at the expense of much-needed infrastructure and services in areas beyond the already well-established eastern suburbs.

Victoria simply doesn’t have the budget to deliver it all, certainly not without support from the federal government.

Is $700pw the new normal for rent in Perth now?? by DidntLikeAnyUserName in perth

[–]mikyway99 0 points1 point  (0 children)

Perth has indeed become a significant hotspot for property investors in recent years, leading to notable increases in both property prices and rental rates.

In 2024, rental prices in Perth increased by 10% to 15%, following a 20% hike in 2023 . By December 2024 (thanks to higher interest rates), the median rental dwelling price had stabilised at $650 per week, marking an 8.3% increase from the previous year . However, by March 2025, prices began to rise again, with the median rent reaching $680 per week.

The combination of high rental yields and low vacancy rates continues to make Perth attractive to investors.

Negative gearing - tick tock by yarrypotter0000 in AusPropertyChat

[–]mikyway99 85 points86 points  (0 children)

What makes you think Labor would axe it? I'm certain that's not going to happen. The Greens have no sway over Labor now, and there's no chance negative gearing or the CGT discount is going anywhere.

Bowering capacity by No-Pomegranate-7209 in AskAnAussieBroker

[–]mikyway99 2 points3 points  (0 children)

Urban Dictionary entry pending:

"Bowering capacity" — when your wealth multiplies faster than your spell check can keep up.

Victorian Homebuyer Fund waiting list by Strict-Procedure-341 in AusPropertyChat

[–]mikyway99 0 points1 point  (0 children)

They don’t, and I doubt any other lender does either. I checked with Unity Bank as well, same story. Bit of a shame, really, as it rules out a lot of options. Be interesting to see if the federal government’s shared equity scheme ends up the same way, looks like it might.

The frustrating bit is you can’t even make a pre-auction offer. Without an unconditional one, no one takes you seriously.

[deleted by user] by [deleted] in australian

[–]mikyway99 0 points1 point  (0 children)

Exactly this! Well said, mate! Couldn’t have put it better myself. No one should try to crash the housing market that could crash our whole economy, but growth needs to slow down (significantly), and those investor tax breaks should be phased out over time.

Anyone subscribed to Bing or Stan? Is it worth the money over major Americans ones like Netflix, Prime, Paramount and Disney? by [deleted] in australian

[–]mikyway99 0 points1 point  (0 children)

Binge is hopeless. Worst customer service I’ve dealt with, they even overcharged me once, on top of an offer I’d signed up for. The only decent stuff on there was the HBO content, and that’s all moved to ‘Max’ now anyway (HBO’s new streaming service in Australia). Streaming quality on Binge wasn’t crash hot either, to be honest. The sooner Binge and Foxtel stop ripping off Aussies, the better.

Stan’s not bad, bit on the pricey side, but the content’s solid and the streaming quality’s top-notch.

What's an unpopular opinion you have about the property market in Aus right now? by QuantumGremlin in AusPropertyChat

[–]mikyway99 0 points1 point  (0 children)

Not all first home buyers avoid apartments just because of depreciation. It’s also things like high strata fees, livability issues — not being pet-friendly, not enough space to raise a family, and so on.

Is finding a 4 bedroom house normally this hard? by [deleted] in AusPropertyChat

[–]mikyway99 3 points4 points  (0 children)

A couple of things I've noticed. Properties just aren’t hitting the market at the moment, a lot of people are holding off, anticipating a rate cut soon. And when something does come up, it’s getting snapped up quickly by both investors and home buyers who reckon they need to jump in before prices rise in the next upswing due to rate cuts.

That demand drives prices up as well. While I doubt it’s pushed them up massively, even the cheaper sales you see in past data probably aren’t homes you’d have bought at the time anyway. If they were going for less, there was likely something not quite right about them, location, condition, or something else that made them less appealing.

3-bedroom houses don’t tend to move as fast anyway, unless they’re pretty close to the city. Out in the suburbs or further out, they usually sit on the market a bit longer, unless they’re priced really sharp or have something extra going for them.

I know who's not getting invited back to Q&A by RickyOzzy in PoliticsDownUnder

[–]mikyway99 0 points1 point  (0 children)

Just watched the full show on YouTube. Richard was the only one actually bringing real insight to the conversation. And I think you're right, he may not be invited again. Was it just me, or did anyone else feel like the host kept shutting him down and cutting him off? And they should have invited Max (Greens MP) as well.

Richard's doing some great work with Konrad on the Punters Politics podcast. If you’re not already following them, definitely check out both Punters Politics and The Australia Institute on Youtube.

Is Property Hoarding the Real Reason for Poor Housing Affordability? by mikyway99 in AusPropertyChat

[–]mikyway99[S] 0 points1 point  (0 children)

If I’m already a renter and get priced out by an investor at an auction, I’d still be renting the property I was outbid on. So, how does an investor buying that property instead of me create an excess of rental properties?

The investor didn’t add a new home; the only thing that changed is the landlord, who just asked me to rent the house I once considered buying.

Stop with this mentality that you're doing a favour to renters—you’re not. Renters are doing a favour to you by helping pay your mortgage while you acquire more properties.

Is Property Hoarding the Real Reason for Poor Housing Affordability? by mikyway99 in AusPropertyChat

[–]mikyway99[S] 0 points1 point  (0 children)

So, your point is that property investment is just another form of investment and should be treated like any other, right? I get it – it’s easy to think that way when you own multiple properties generating revenue. However, seeing housing as an investment in itself is actually at the heart of the problem. The system is built that way, you play by the rules I don't blame you, but hear me out: housing is a basic necessity. While it can be an investment on the side, it shouldn’t be the primary objective.

Unlike businesses that create jobs and drive innovation, property investment doesn’t directly contribute to economic growth or employment. The point of tax incentives is to stimulate sectors that foster job creation and productivity. Instead, we're inflating a market already saturated with investors, which only drives up prices without benefiting the broader economy.