@Litoriaraniform@sheepGeekCP I was in a profitability seminar recently, the presenter mentioned a target of Gross income of $800k to $1M per family unit in a mixed farming scenario. Gives them enough scope to repay debt, draw reasonable salaries etc.
We treat housing as an investment vehicle rather than a human right.
Sensible changes to negative gearing/CGT discount will tip the scales in favour of first home buyers.
It shouldn't be easier to buy your 2nd, 3rd, 4th investment property than your first home.
@DecadeInvestor I’m in Australia. The labour govt are proposing to do the same within Aust self managed super funds.
Madness. Paying tax on a theoretical gain.
One of our part time farm workers has a birthday tomorrow, 87. He lives on farm by himself, another worker lives close by who checks on him daily, he loves tractor work and fixing machinery. A very experienced farmer. Doesn’t want to move to town, says he’s not old enough yet! 😃