@cmkusher Stamp duty is an unacceptable scam. Why should we have to pay for the ‘privilege’ of a roof over our heads? Let alone the eye watering figure from NET income.
@GeoffWilsonWAM@8lusky@AlboMP An equally pressing issue is being able to attract human capital. Junior mining relies on employees from the bigger miners who want to have a red hot go and are incentivised to do so.. the only attraction lever we can offer is equity… that’s now 50% less attractive.
@OdinBonez @stelzner_n1150 Most suburbs within 30mins of Sydney cbd are 3M+ for a house. Assuming $500k deposit and add stamp duty- who can afford to service a $2.7M loan for a shitbox?
@sailing_warrior@stelzner_n1150 Bullshit. Instos aren’t stupid enough to buy an illiquid asset with a gross yield of 2% unlike Aussie properdee zealots
@Marty0112379@rabbit_wealth We are already there in $3M+ market- discounting of 10-20% already the case. Don’t forget how agents manipulate the data so clean all in data takes months to emerge..