Mark Melillo

Husband, Father, Investor

[Mark Melillo @Markmelillo]

@TheKouk Reckless ideology, we should be in a surplus. What happens when international challenges increase and we don't have dry powder.

[Mark Melillo @Markmelillo]

@TheKouk Hey Kouk, serious question. Could we start to see Au banks investing/lending into business more has a result of investors leaving property. Eg. $C79 update

[Mark Melillo @Markmelillo]

.3% Generational economic destruction

[GGee @22thinkinggirl]

More incompetence from Dr Chalmers.

Labor has been forced to make a correction over its $77 billion CGT and negative gearing package after understating the benefit of the current housing system for average workers by nearly half.

“Treasurer Jim Chalmers’ top number-cruncher has wrongly calculated the benefit of the current housing tax system for average workers while ­attempting to sell the benefits of Labor’s new tax package.
In a speech meant to help justify the Albanese government’s $77bn cash grab, ­Treasury secretary Jenny Wilkinson last Thursday told economists that new modelling showed that under settings for negative gearing, capital gains tax and trusts, “the median income earner is assessed as ­having benefited to the tune of around $5700 over their working lives”.
This was incorrect. The modelling actually shows the existing system has provided a much bigger $10,200 benefit for the average worker.
The figure Ms Wilkinson quoted was what Treasury had calculated for the median income earner under Labor’s proposed system if it had been in operation since 1991.
Experts said the modelling actually showed the planned changes would rip thousands of dollars away from middle class Australians.”

[Mark Melillo @Markmelillo]

@IFM_Economist Do u think the states will need to raise the GST to compensate

[Mark Melillo @Markmelillo]

@DrBradFletcher @iL1keTurtles @ausstockchick @grok https://t.co/Dnl6Bmo17e

[Shane Oliver @ShaneOliverAMP]

Price to rent ratios (adjust for inflation) are a relative to guide to property valuations (esp with tax changes likely to favour properties with higher rental yields). On this basis houses are more vulnerable to price downside than units, esp Syd, Bris and Ade houses

[Mark Melillo @Markmelillo]

@JEChalmers Keep the tax cut mate, just get the Jimflation down please.

[Mark Melillo @Markmelillo]

@iL1keTurtles @ausstockchick If property prices fall around 40% as some people smarter than me are suggesting it will equate to around $5 Trillion, as per ai models within the coming years.

[Mark Melillo @Markmelillo]

@iL1keTurtles @ausstockchick NNW is $21 Trillion

[Mark Melillo @Markmelillo]

@lksteve @ausstockchick Totally agree, and I don't believe the oil crisis has been fully priced in.

[Mark Melillo @Markmelillo]

@ausstockchick Jimflations lowered the tide to drop all boats.

[Mark Melillo @Markmelillo]

The reduction in stamp duty may also cause the states to raise GST.

[Mark Melillo @Markmelillo]

When families start to find out their only asset that they have been sacrificing everything to pay for is going down in value, they will tighten even harder. This will cause job losses of magnitude and put Australia in a serious economic position.

[Mark Melillo @Markmelillo]

Jimflations plan is to lower the tide to drop all boats. It's a dummy spit to the RBA.

[Jim Chalmers MP @JEChalmers]

THE FACTS: Too many Australians and especially young Australians are being priced out of the market by property investors backed by big tax breaks.

That's why we’re reforming the tax system to help more young people buy a home of their own.

[Mark Melillo @Markmelillo]

@brendanmccallum @TheKouk Haha, Please.

[Mark Melillo @Markmelillo]

@DaveTaylorNews The party's over for the whole economy.

[Mark Melillo @Markmelillo]

@TheKouk Insanity from supposedly highly educated politicians. Make this make sense.

[A Rich Life @ARichLifeAu]

Why the mooted changes to capital gains tax would be terrible for #ASX growth #stocks.

Just published "Why The CGT Change Is Terrible For Growth Stocks" free to read on the homepage or find it just below.