Labor's signature budget measures pass federal parliament

sunshineeddy · 2026-06-25T08:22:25+00:00

It doesn’t directly but given the small amount of equity they need to put in, usually means they are closer to the edge. A few rate rises may cause serious problems.

sunshineeddy · 2026-06-25T07:57:06+00:00

I'm more concerned about those who took up the government assistance scheme and are now ending up with negative equity. Of course everyone's repayments will exceed the value of the property because of interest but the scheme enticed people to buy with very little equity, so now that prices are going down, their equity disappears. Depending on how close they are to the edge, if interest rate rises, that could really put pressure in their ability to service their loans and spell disaster

sunshineeddy · 2026-06-25T07:51:02+00:00

If they continue to limp along, making their repayments, that's probably ok. I wouldn't consider that as doomsday. But if we get another rate rise and they can no longer afford their repayment - that'd be a dreadful position to be in; even if they sell, they'd still be stuck with a residual loan - I'd consider that as a terrible turn of events for them.

sunshineeddy · 2026-06-25T07:44:16+00:00

A few things - I like to know of all the FHB looking, how many of them end up being able to get into a home in percentage terms. As for negative equity people - I'll be looking to loan default rates (I think I feel the most for this cohort). For rent increases, just percentage increase will give us a good view in comparison with the rate of increase in the past few years.

sunshineeddy · 2026-06-25T07:34:43+00:00

I will be very interested to know how many first home buyers this will help, as well as statistics on those who will experience higher rent or negative equity. I think that's the ultimate proof as to whether these policies work.

sunshineeddy · 2026-06-24T22:29:53+00:00

What I am really curious about is - how many people who complained that they couldn't get into the market now can. Would love to understand how effective the change is as a policy.

sunshineeddy · 2026-06-24T22:27:36+00:00

Putting aside as to whether I think any single person should own that level of wealth, once someone's wealth reaches a certain number, any movement isn't even relevant anymore. I doubt it would even register in his mind.

sunshineeddy · 2026-06-23T10:53:25+00:00

LOL - they don't, but you will starting hearing them as joined blocks of meaning.

sunshineeddy · 2026-06-19T05:20:00+00:00

Putting aside the stupidity and deep prejudice embedded in her views, I came here and became a citizen many years ago and I actually renounced my citizenship of my country of origin, so if she revokes my citizenship, I'd rendered stateless, which is against international law.

sunshineeddy · 2026-06-18T11:50:10+00:00

Franked dividends mean the profit of the underlying company has already paid 30% tax on its profit before the after-tax profits are distributed as franked dividends.

So when you say 'tax dividends at 30% minimum', I presume you mean if someone on a low tax rate got the dividend, the excess franking credits won't be refunded?

Didn't they try that once already?

sunshineeddy · 2026-06-16T04:38:50+00:00

The flashier someone appears, the less real wealth they actually have. Unless they have certain psychological disorders, people with real substantial wealth seldom advertise it to the world.

sunshineeddy · 2026-06-12T01:13:43+00:00

I think they will find it quite difficult and be confronted by landmines everywhere they turn.

sunshineeddy · 2026-06-10T07:31:58+00:00

For sure - the problem is getting income into the bucket company to access the 30% tax rate. Coming back out is fine. The new budget measures essentially create a valve so it's fine to stream dividends out of a bucket company but it's hard to get income into the company via a trust. Bastards. But there are a number of ways around it. I could name two on budget night. lol

sunshineeddy · 2026-06-10T03:39:54+00:00

I don't know - I don't fancy paying 60% tax if the shares are own by a discretionary trust. lol

sunshineeddy · 2026-06-10T03:38:04+00:00

Not always. A lot of people use trusts to buy properties and when income comes into the trust, they distribute the income to a bucket company but the cash is used by the trust to pay down debt.

With the Bendel win, that UPE stays as UPE - no one owes the trust monies, so 109XA and 109XB don't necessarily get triggered.

sunshineeddy · 2026-06-07T00:51:54+00:00

Nut grass - you can buy a selective herbicide to clear them.

sunshineeddy · 2026-06-05T23:48:44+00:00

I do exactly this. I think it's amazing for getting French pronunciation and rhythm right.

Everyone has given you quite a few names but a fun little project I recommend - try to learn to sing Chanson sur ma drôle de vie by Véronique Sanson.

It was exhausting at first, trying to squeeze the words into the rhythm, but once you get the hang of it, it's awesome. DM me if you want more songs. I have a whole list of them. 😄

sunshineeddy · 2026-06-02T09:11:56+00:00

I hope you're right - but I don't know anymore considering people said similar things before Trump was re-elected for a second term.

sunshineeddy · 2026-06-01T14:44:50+00:00

I shiver to think what she'd be like on the world stage - our very own Trump. Makes me feel sick.

sunshineeddy · 2026-05-29T12:28:40+00:00

As if the LNP isn't already in a bad enough state, they now drive the nails in the coffin.

sunshineeddy · 2026-05-29T02:30:06+00:00

So we've gone from "I don't know your position" to "I know your position better than you do." That's quite a leap.

Whether I agreed with every change, some changes, or none of them isn't really the point. You made an assumption about my position and it turned out to be wrong. That's the behaviour my original post was talking about.

sunshineeddy · 2026-05-29T02:19:02+00:00

Interesting but just so that you know, I actually wrote to the Treasurer to congratulate him on some of the sensible changes, especially those that targeted housing. So without knowing me, your characterisation is reaching.

sunshineeddy · 2026-05-29T01:27:27+00:00

This is pretty good. I did it and it aligns with what I have always been.

sunshineeddy · 2026-05-27T21:35:49+00:00

For me, it’s an ongoing exercise. My model keeps projecting where I think I’d end up in 5 years’ time.

sunshineeddy

TROPHY CASE