I’ve heard that Real estate agents trusts are going to be subject to a 30% tax, as a landlord you’ll pay 30% of all rent collected to Albanese. @SkyNewsAust@australian@abcnews#liarinthelodge
This is embarrassing.
Claire O’Neil, Labor’s failed Housing Minister demonstrates she is both economically and mathematically illiterate - an incomponent dope, hopelessly out of her depth.
Let’s go through it.
🏠You are not "saving money" by only having a 5% deposit, this simply means you have to borrow more, and have higher monthly mortgage repayments.
🏠And while you might "save" on rent, you instead pay interest on the money you’ve had to borrow to buy a property, and most likely the interest costs will be more than rent.
🏠And while you might save $32,000 in lenders mortgage insurance (buy only having a 5% deposit) the increased demand that results from Labor‘s policy (bringing more buyers into the market sooner) will push up the purchase price of that home by more than $32,000 (Something we are already seeing)
🏠So under Labor‘s policy - EVERYONE with or without a 20% deposit will pay more.
🏠And the economically illiterate Claire who puts out this embarrassing video, displaying for the world her ignorance, incompetence & stupidity is one of Labor’s "best and brightest".
Never in our nation’s history have we had a greater pack of clueless clowns in our Federal Parliament.
Burke, is a weak pathetic hypocrite, pandering to his electorate, only making statements post the Federal Election. I wouldn’t piss on him if he was on fire!