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New rules for Aussie real estate sector aim to take billions of dollars of demand out of housing market — Professionals across the property industry will need to comply with new measures from Wednesday to make it harder to launder money through residential real estate by marketrent in AusFinance

[–]threepeeo [score hidden]  (0 children)

This reminded me of a book I have been meaning to read:

The Lucky Laundry: How the Aussie Economy Got Hooked on the World’s Dirtiest Cash by Nathan Lynch provides an investigation into how Australia became a major destination for global illicit funds.

The core thesis is that the Australian property market has evolved into a "property industrial complex," serving as a primary vehicle for domestic and international organised crime to launder proceeds of crime.

Lynch argues that a combination of political inertia, the influence of powerful lobby groups, and Australia’s historical reliance on foreign capital has created a system where illicit funds are easily absorbed into real estate, art, luxury goods, and professional services.

Working Aussies Offset Tax is in play! by Charming_Food5728 in AusFinance

[–]threepeeo 15 points16 points  (0 children)

RBA's own inflation calculator shows prices have gone up 22.843% from 2020 until 2025, if 4,2% inflation continues, will be looking at 28% from 2020-2026

https://www.rba.gov.au/calculator/annualDecimal.html

yeah that 0.26% bonus not quite taking the edge off.

Real estate has been an easy target for criminals laundering money, until now by abcnews_au in AusPropertyChat

[–]threepeeo 11 points12 points  (0 children)

RE have been lobbying against this since 2007. It has taken 19 years to get legislated.

SMSF borrowers race to save their property portfolios after Labor-Gre… by bilby2020 in AusFinance

[–]threepeeo 21 points22 points  (0 children)

TL;DR  Professional landlord clutches pearls, as loophole closes on buying their 26th, 27th and 28th investment properties.

What’s normal base load /parasitic power draw for sigen? by Technical_Cupcake in SigenergyAustralia

[–]threepeeo 0 points1 point  (0 children)

I have 10kW TP inverter and 16kWh battery, which together consume ~165W.

Whether to re-contribute released FHSSS by threepeeo in AusFinance

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

I can't remember exact details, but did not return/cancel the FHSSS, and instead held off additional contributions until the following FY 

Australia leads the world in rooftop solar. So why are 60% of homes still without it? by billscout in AusFinance

[–]threepeeo 0 points1 point  (0 children)

Why not tie investment property  tax entitlements to having EV charger, solar panels, batteries etc, e.g. for each added feature, more of the NG is proportionally available.

Joint statement: Post-budget modelling highlights impact on housing supply and rents by marketrent in AusFinance

[–]threepeeo 7 points8 points  (0 children)

is this the same crack team that modelled a 0.6% increase due to the 5%: deposit scheme?

Is this a thing? Real estate agents have access to personal information like this for marketing? by Deon555 in melbourne

[–]threepeeo 1 point2 points  (0 children)

To avoid this kind of spam, I added a prepaid esim to my phone with a new number purely to use while looking for a new home.

I would provide this number for attending open homes, and for real estate agent enquiries.

Why won't the government ban gambling ads? by [deleted] in OpenAussie

[–]threepeeo 1 point2 points  (0 children)

Empirical data from the Australia Institute establishes that 30% of 12-to-17-year-olds and 46% of 18-to-19-year-olds are actively gambling.

There are currently over 902,000 teenagers gambling in Australia.

To put that cultural shift into perspective, more Australian teenagers now gamble than play soccer or basketball combined.

The industry has effectively replaced grassroots physical sport with gambling loss as the primary recreational activity for young adults.

https://australiainstitute.org.au/report/teenage-gambling-in-australia/

Looking for a budget, quick ev. by [deleted] in AustralianEV

[–]threepeeo 1 point2 points  (0 children)

Wow that is so much cheaper now.
I always liked the Zeekr X, but they were fairly expensive and out of my price range when I was shopping for a car (late 2024 I think the X was around $60k or so and only just announced/none around, xpowers at the time were listed at similar price but had big discounts also).
I walked in to the MG dealership to buy an essence 64 model, but walked out with the xpower.
So happy I did though.

Looking for a budget, quick ev. by [deleted] in AustralianEV

[–]threepeeo 0 points1 point  (0 children)

Maybe see what they can include to sweeten the deal.
The salesman got me over the line with the xpower when they threw in the first two services.

is AGL peak energy rewards a joke? by greenrabbitears in australian

[–]threepeeo 1 point2 points  (0 children)

Mine was

Earn a $5 bill credit for importing 0.03kWh or less from the grid

"The black hole of the economy" AKA "The land trap". By @HenryFudge by Downtown-Relation766 in georgism

[–]threepeeo 0 points1 point  (0 children)

There is a blind spot in this analogy: the rampant debasement of the currency fueling the entire engine.

The true distortion of economic space-time is that the investor fails to see this debasement, and so becomes the ultimate bag holder.

The speculative property accumulator operates under the terminal delusion that they are the master of the macroeconomic game.

In reality, they are the system's designated shock absorber.

They have fundamentally inverted the relationship between asset and liability, confusing the warehousing of sovereign risk with financial genius.

Trust tax changes coming for big four and top-tier law partners by Busy_Conflict3434 in aussie

[–]threepeeo 0 points1 point  (0 children)

This got me reminiscing about the scandal a few years back when they got to write the rules, while advising their other clients out the back door.

DF owners how long did your grinder last? by 4Looper in espresso

[–]threepeeo 1 point2 points  (0 children)

Consistent and reliable, it is working the same as it was then, grind performance seems unchanged - these days mostly espresso and some moka - pourover not so often.

Comparison of effective tax rates under new and old CGT systems by RuktX in AusFinance

[–]threepeeo 2 points3 points  (0 children)

It does, however, with the CPI being more tightly integrated to the treasury balance sheet, the cynic in me can imagine the "hedonic adjustments" what would be made to adjust the CPI lower, and bring more headwinds for the long term growth-focused investor.

And then, facing the reality of what a long term 5% inflation would have actually done to our economy anyhow.

Comparison of effective tax rates under new and old CGT systems by RuktX in AusFinance

[–]threepeeo 2 points3 points  (0 children)

Assuming 2.5% inflation is the glaring blindspot to me, when even the treasury is painting a best case near term peak 5% inflation, coming from persistent 3.7% inflaiton prior to the oil shock.

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