Sydney based CPA accountant. Lives for my family, surfing and training!
Interested in all things finance from Trad Property, Trad Fi to FinTech and Future Fin
Just a hypothetical comment (no real evidence behind this comment). Imagine our next global financial crisis is driven by a major crash in both crypto and AI driven NASDAQ stocks, after a wild, unprecedented fall in all these risk assets! This would destroy a US reserve.
Embryonic Diapause due to Government Governance .
Similar to kangaroo but different..
plenty of time for Joey's ;
Australian average age: 38.4 years
Overseas-born median age: 43 years
Australian-born median age: 35 years
The current group of overseas people in Australia are actually older on average .
The government says Australia need high immigration to fix “ageing population” .
Immigration isn’t fixing it ; its making people older.
Aust underlying cash budget deficit was $23bn for 2026-27 fin YTD to April..helped by ongoing (esp corp) tax revenue surprises. It looks like it may come in about $5-10bn better than Budget projections for a $28bn deficit. The “resources boom” => ongoing windfall for Aust!
Cotality data for May confirmed a further slowing in the Australian housing market as the combination of poor affordability, high rates, low confidence, tax hikes swamp the impact of the expanded 5% FHB deposit scheme and the housing undersupply. Expect a fall in prices ahead.
This was Toulouse, almost 700km from Paris, yet invaders smashed the place up.
They need to go back.
We didn't build a first world to have the third world tear it down.
Remove them.
No surprise, but it begs the question: if you lied relentlessly before the election about these taxes, and you now have voters clearly rejecting them en masse, how can you possibly try to legislate these policies now given the election was won on the basis of grossly misleading and deceptive representations? One Nation surges ahead of Labor as budget flops: Poll https://t.co/ZQs5yR7kZD
Is the super cycle upswing in Aust property prices since mid 1990s over? It reflected the shift from high to low mort rates; rise of two income households; a surge in pop grth (as with 1920s & post WW2 booms); & 50% CGT. Many of these r now fading…but housing undersupply remains
What current generations forget is that Australia had *zero* Capital Gains Tax from its founding through to September 1985 - the first-ever CGT was introduced by Labor under Hawke/Keating… New Zealand still has zero CGT. Socialists are trying to tax the private sector to transfer this income to the public sector to fund its out-of-control growth
This is what type of property a tech startup founder can afford to buy after he pays 47% cgt on the $10m sale of his startup he built from scratch and pays the stamp duty on the property purchase
The pressure on Albo continues.
Comm Bank chief executive has said limit CGT changes to real estate only.
I agree.
Productive businesses should not be a target.
We don’t need to wait around to find out what happens when productivity is disincentivised.
#auspol
One Nation supports negative gearing being allowed on 2 homes for everyone.
The Labor government claims to be helping the younger generation, yet they’re taking away an investment strategy that has been used by generations before them.
We completely oppose the changes to CGT.
#BREAKING It can be revealed that a staggering 19 so called ISIS ‘brides’ and their fatherless children flew out of Syria on Monday night bound for Australia to be put straight into free public housing, free Medicare and a lucrative single mothers pension all on the Australian taxpayer.
Just 5 short months after the Radical Islamic Bondi Beach terror attack.
Home Affairs Minister Tony Burke, who looked almost jubilant, has confirmed that 19 people embarked in Damascus and were on a flight back to Australia.
10 former ISIS ‘brides’ are expected to land in Sydney on Tuesday evening.
Another 9 will be gracing the streets of Melbourne later today.
Since Islamic States humiliating defeat, they have lived in tents in a variety of camps in north eastern Syria.
Since then, the Albanese Government has organised repatriations in small groups.
Despite denying so.
The woman now jump the Public Housing cue and go straight into homes which is known as “Emergency Public Housing” and will be paid thousands of dollars purely for being single mothers.
This National Security risk and the lifelong burden on the Australian taxpayer, could have all been avoided if Anthony Albanese had a backbone.
But like all socialists, he failed at the first hurdle.
Putting all of us, at risk.