Andrew Mudie

Really Good Mortgage Broker @ Green Circle Home Loans. Ex-Engineer. Investor. Helping clients own their own home sooner. Not to be taken as investment advice.

[Andrew Mudie @andrewmudie]

Incredible stuff, Jim might be this eras Shorten

[Owen Rask @OwenRask]

It’s actually wild: The Greens have strong-armed Labor, called them weak and low ambition. And now basically, to get their very dubious tax policy through, Labor has given the authority to the Greens. Wow.

[Andrew Mudie @andrewmudie]

@markbouris @lux_schwab Very interesting interview Mark! Fascinating how it goes from go go go exciting and risky at the start to effectively optimizing website conversion over time

[Andrew Mudie @andrewmudie]

@OwenRask Makes plenty of sense, My prevailing confusion had been that with such a clear mandate in terms of the election victory that they wouldn't make more comprehensive changes across the whole tax system rather than just the cgt and negative gearing changes that they've discussed.

[Owen Rask @OwenRask]

How to fix ‘The’ budget. Ready your 🍅🍅🍅

1) remove the min 30% CGT (on everything). It’s dumb because it will hurt lower income people the most AND crush investment and innovation in Australia. Double whammy. Easy fix: don’t do it.

2) move to CGT indexation if you want to (but rebase at 30 June 27 - investors would actually like this and it gives the ATO, people and accountants time to adjust.)

3) no more negative gearing on existing houses (yes, that makes *some* sense)

4) your 5% deposit scheme should be available on new builds only, not existing.

(think about it - the 5% scheme pushed up house prices, left young people with huge mortgages and higher interest rates, and no new houses got built…).

5) give away $4.80 per week (WATO), if you want (no one cares anyway - on either side— so whatever floats your boat).

6) keep the $1,000 instant tax deduction

(most Aussies will figure out this is just finding a way to make people feel a little better about the government as they start to think about the next election. Better idea: an increase in the lowest tax threshold would have supported Australians more in their pay. Double better: again, modestly lift the lower tax thresholds (up to say $150,000) - this way you won’t need complicated things like offsets, WATO, and LITO - which 99% of Australians don’t understand anyway. Plus you’ll get more votes!)

7) give Australians a 10-year housing plan

(note for readers: neither government has an *actual* 10-year plan for housing. Like, a real one. They just throw us numbers that sound big but there’s still actually no plan. For the polls: Most Aussies know it’s hard/impossible to build 1m houses - especially with unions, data centres, mining and so on, drawing in workers like chippies, bricklayers, electricians, plumbers, etc. If you told us exactly how many tradies we needed for migration, we would probably cop it and agree… see below.)

8) do WAY more to support affordable and social housing as per #7: homelessness is rapidly rising amongst women 45+. This is having huge impacts on their children and families (typically kids or teenagers - who become disenfranchised with the system and resent ‘the system’ - I was once one of the teenagers that hated the system FYI).

If you must*, use the same rules for industry super funds that you’re pushing onto Australians. From July 1, to receive Super tax rates on property = new builds or social housing only!

9) unless you can do the above, curb immigration - even just a little bit.

(Most Aussies - even economists - don’t fully understand how much this would push up inflation, however, we also know slowing immigration doesn’t make us racist. Many people are blaming immigration *because* they believe the rest of the policies are against them and don’t have a way out.)

10) tax gas exports already! FFS. Australians don’t pay you to protect Japanese and South Korean companies!!! Put the tax money into a sovereign wealth fund, support sustainable farming, add to defence, social housing, aged pension… who gives a shit. Most Australians would agree foreign companies should pay *at least some* tax to take our stuff.

11) that’s enough policies for one term.

Get out of the way of business and taxation. Probably your most important job is fostering respectful Australian pride: make us feel great for being Australian and remind us regularly how amazing our country is and what the next century could be for us. If you don’t, OneNation will.

We have so much to be proud of, our democracy is great, our global position couldn’t be better, we have resources, sun, beaches, and diversity. Plus, we’re pretty freakin’ good at sports.

* all of these sound great and would win so many votes - from everyone. But the biggest supporters of government are often unions, union-backed Super funds (like CBUS, etc.) and foreign lobby groups. I’m not knocking them - it’s just the reality. It’s easier to tax individuals and small businesses…

[David Leyonhjelm @DavidLeyonhjelm]

Your taxes at work: 2.6m followers on X, 659 on Bluesky.

[Geoff Wilson @GeoffWilsonWAM]

Gaslighting by @JEChalmers. The master gaslighter. Not answering the question. He thinks all Australians particularly the young are idiots. Have a listen. Make the government @AlboMP not to change the tax on Australian companies, shares, LICs and ETFs

[Andrew Mudie @andrewmudie]

@OwenRask So you're saying this is a problem?? ;)

[Michael Arbon @arbsmichael]

Angus Taylor just handed down a strong, classical Liberal budget reply speech.

An optimistic address grounded in the hope and the detail we need.

Key points include:

✅️ Repeal the Labor CGT, Negative Gearing, and Trust tax increases in full.
✅️ Net zero GONE.
✅️ End tax breaks for electric vehicles.
✅️ End build to rent tax breaks for multinationals.
✅️ No welfare or NDIS for non-citizens.
✅️ First home guarantee scheme for Australians only.
✅️ Any business with a turnover of up to $10m to be able to instantly write off any asset of up to $50k.
✅️ Abolish the safeguard mechanism.
✅️ Indexing tax brackets to inflation to end bracket creep.
✅️ Cap immigration numbers based on the number of homes built each year, permanently. Immigration to be significantly below that cap for the first few years to allow catchup.
✅️ Deport the 70,000 VISA overstayers.
✅️ Keep coal fired power plants running as long and hard as necessary.
✅️ An energy source agnostic approach to electricity generation, including nuclear (repeal the ban).

The Liberals and Nationals under Taylor and Canavan, coupled with the rise of One Nation pose a major threat to the Labor-Green duopoly.

Both houses of parliament are winnable.

Will the Australian people vote to rid our nation of socialism?

Bring on 2028.

[BowTiedStocks @bowtiedstocks]

Angus Taylor budget reply:

- indexation of tax brackets

- acknowledges the devastating impacts of reckless immigration levels on housing, infrastructure, services

- will cap immigration based on number of homes constructed each year

- immigration to be significantly below this limit for first few years to allow housing construction to catch up

- will deliver one of biggest ever immigration cuts to this country

- permanent visa holders requirement to learn English

- will deport 70k visa overstayers

This guy makes a hell of a lot of sense

👏 👏 👏

[Nobody. @Nobody_But_M3]

It gets even worse.

The attack on capital is crazy.

[Geoff Wilson @GeoffWilsonWAM]

Exactly. New Zealand did the same. They removed it in 2021 under Labour to make housing more affordable for first-home buyers by discouraging investors from snapping up existing homes, hoping it’d cool prices and push investors toward new builds instead. Their own tax department warned it wouldn’t help affordability, would likely raise rents, and shrink rental supply long-term.
Rents did climb to record highs, some landlords sold up or switched to short-term lets, and the policy didn’t deliver the hoped-for affordability win especially with rising interest rates hitting at the same time.

Does this sound familiar?
How stupid does a the Australian Government need to be?

#Budget2026 #AussieDreamKiller
#LaborTaxRaid #budget2026

[Emanuel Ajay Datt @eadatt]

>income tax
You worked and someone paid you. We'll need to take 30%–47% of that, plus the Medicare levy.

>GST
Oh you would like to spend some of the income we let you keep on goods? We'll have to charge you an extra 10% for that.

>negative gearing
Oh you bought an investment property to offset losses against your wages? Let's scrap that. We did rule out changes before the election but we changed our minds.

>capital gains
Oh you invested prudently for the long-term? Thank you for putting your risk capital into our financial system, we now be taxing it as short term income.

>aspiration
You're young. You worked hard, saved, invested, picked up a side hustle to get ahead. But we're making sure the ladder you're climbing has fewer rungs than the previous one. Don't worry, we're doing this for your own good.

At what point did you realise the game was rigged before you sat down?

[Andrew Mudie @andrewmudie]

@ZackEiseman Hey Zack, love these. Any chance you can replicate for the other side of the world and do the open US hours Icymi?

[Kuppy @hkuppy]

Trump has done a good job of avoiding leaks about his speech tonight.

Unfortunately, the last time he kept the plan from his advisors, he tried to tax the penguins…

[Andrew Mudie @andrewmudie]

@claudedwalker @abroninvestor @finphysnerd I second (or third) this sentiment

[Andrew Mudie @andrewmudie]

@matt_barrie Got this to my (mortgage broking) business email this morning as well... Must have been a massive list

[Shaan Puri @ShaanVP]

As predicted, the ninjas will lose their jobs first to AI

[Andrew Mudie @andrewmudie]

Live Australian bank rate increase blog

https://t.co/3Ey5B9aWRt

[Andrew Mudie @andrewmudie]

@samstrades This is so silly - mortgage broker here - with current serviceability buffers, it's extremely extremely difficult to get close to six times debt to income, this will not stop anyone bar a very marginal few

[Senator Matt Canavan @mattjcan]

Australia's eSafety Commissioner's attempts to takedown content globally has already been found to breach Australian laws.

It also understandably angers other countries where free speech is constitutionally protected.