@Potstirrer111 Yeah and where do you put your profits exactly? Into assets that hedge against inflation. Such as property. People just don’t seem to get the fiat currency always goes to zero. And yes investing your money into ANY asset after you have ALREADY paid your tax is exactly ambition.
@Michtull@subrama16079667@ajamesbragg They can’t get leverage to buy it????? And why would they sell they can’t get a loan for the next one. Development will fall even further behind. The housing target were a farce to begin with and now laughable. And then if you do get over $3 million more taxes from Labour!!!
@Michtull@subrama16079667@ajamesbragg Yes but they can purchase them which is what a lot of local developers count of for their finance. The ownership and profit stay in Aussie hands for the most part. BTR by major multinationals who can pay cash does nothing for Australia
@Michtull@subrama16079667@ajamesbragg Why would we possibly want more centralised ownership of Australian properties by big multinationals rather than mum and Dads investors trying to better themselves. Clueless
@TheAdviserAU This government has single Handley destroyed Australia. These are attacks on people with ambition. One Nation can not get into power quickly enough
Labour have now blocked lending within SMSFs for property. Yet another attack on hard working mums and Dads trying to get ahead. They have just cooked the last safe haven to invest your money.
Why is this Labour government torching supply of new dwellings with yet another stupid tax that will do nothing. Yet another tax on ambition and a favour to their Union and Super fund friends. They simply have to go