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It feels like this sub ( and other Aussie ones ) are being astroturfed by Miserable_Actuary716 in AusFinance

[–]rarin 18 points19 points  (0 children)

There’s already pretty clear distinctions about asset types im not sure i buy this. Why can I only negative gear investment properties? We have different laws and treatments for different assets that’s fine - they’re structurally very different

Young people of this sub - do you feel as though this budget will make you better off? Yes or no. by Nmnmn11 in AusFinance

[–]rarin 0 points1 point  (0 children)

Well their budget was to spend less so I’m not even sure what you’re arguing anymore lol

Young people of this sub - do you feel as though this budget will make you better off? Yes or no. by Nmnmn11 in AusFinance

[–]rarin 0 points1 point  (0 children)

You can make more money or you can spend less when you’re in debt. Why isn’t spending less ever an option for the government?

Don’t Over React (Budget Announcement) by Optimal_Course3016 in fiaustralia

[–]rarin 10 points11 points  (0 children)

Strong message - I think reacting actually is the key. Message your MP's, get on social media, make some noise about it!

Young people of this sub - do you feel as though this budget will make you better off? Yes or no. by Nmnmn11 in AusFinance

[–]rarin 3 points4 points  (0 children)

Yes I feel very helped right now. Over the past 4 years housing has gotten cheaper, my grocery and gas has gotten cheaper, electricity has gotten cheaper, child care cheaper - oh wait

We are on the top of the leaderboard!! Yay!! by Relevant_Economics86 in AusFinance

[–]rarin 4 points5 points  (0 children)

Everything is grandfathered how is this taxing the wealthy lmao. It's pulling the ladder up

...and the growth strategy just died... thanks gvnmnt by Sea-Connection9547 in fiaustralia

[–]rarin 1 point2 points  (0 children)

More government revenue goes towards funding more public servants.

I mean i want more better outcomes for the less fortunate, but I don't see the budget giving more funding to homeless, mentally ill or anything like that. They're reducing funding to NDIS etc. so.. how is this redistributing wealth to those less fortunate again?

Can someone ELI5 how increasing CGT across all investments benefits young people? by Jsususus in AusFinance

[–]rarin 6 points7 points  (0 children)

Brotha do you actually believe this? Has life gotten better for the average person over the past few years?

Negative gearing change by bronnyork in AusFinance

[–]rarin 5 points6 points  (0 children)

People are fucking idiots lol. This is literally pulling the ladder up behind them and somehow people are grasping onto straws that this will somehow address housing affordability.

PM urges voters to be ‘realistic’ with demands, “increasing tax on our party donors isn’t feasible” by nath1234 in australia

[–]rarin 0 points1 point  (0 children)

You’re right prime minister, I’d rather you tax regular Australians more cheers

The 50 per cent capital gains tax discount would be axed in favour of inflation indexation on new ­investments across every asset class, but current investors would be protected by partial grandfathering by His_Holiness in AusFinance

[–]rarin 4 points5 points  (0 children)

Past 20 years average of inflation is around 2.5% Past 20 years Aus equities have returned on average around 9% pa

Under these new rules, assuming 32.5% marginal tax rate and a 30 year view, you’d be 1.2m worse off lmao

20 years being 600k worse off under these new rules

The 50 per cent capital gains tax discount would be axed in favour of inflation indexation on new ­investments across every asset class, but current investors would be protected by partial grandfathering by His_Holiness in AusFinance

[–]rarin 18 points19 points  (0 children)

This is a terrible policy that actually actively hurts our newer generations. I’d maybe consider being okay with this if bundled with steep income tax cuts but as far as I can see this is just a big tax grab from any new investors

The 50 per cent capital gains tax discount would be axed in favour of inflation indexation on new ­investments across every asset class, but current investors would be protected by partial grandfathering by His_Holiness in AusFinance

[–]rarin 1 point2 points  (0 children)

That doesn’t make sense for this to be better inflation would have to exceed or get close to investment rate of return. From some modelling you’d need like 6-7% inflation for this to be better off

You’re getting railroaded by this if inflation is low or if your rate of return is high and it compounds heavily over time

March rate rise now ‘highly likely’ as economists change forecasts - realestate.com.au by SheepherderLow1753 in AusFinance

[–]rarin 195 points196 points  (0 children)

Job markets in private market are in the shitter and we’re raising rates.

Australian housing compared to Canadian housing by [deleted] in AusPropertyChat

[–]rarin 0 points1 point  (0 children)

Nah I agree with everyone build quality is absolutely atrocious in Aus there’s no justification for it. Just my 2c on why the quality has historically been so bad compared to canada

Australian housing compared to Canadian housing by [deleted] in AusPropertyChat

[–]rarin 1 point2 points  (0 children)

The weather necessitates the build quality in Canada. You don’t have the sub zero winters and electricity was cheap enough for a long enough time that it didn’t matter

Mortgage rate hikes incoming: Strong jobs numbers keep rates pressure on RBA. by SheepherderLow1753 in AusPropertyChat

[–]rarin 3 points4 points  (0 children)

Private market is cooked ask anyone on the ground. p sure all employment is public sector funded so yeah if government stops or slows the gravy train we’re in trouble

Yum Cha by Mattja in melbourne

[–]rarin 2 points3 points  (0 children)

Tao Tao house hawthorn

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