www.landwanted.au 🇦🇺

I Have Land Buyers for South Australian Property. Sell your land in South Australia.
click link below to see if your land is suitable.

[www.landwanted.au 🇦🇺 @propertynetwork]

Mannum Waters is quickly becoming South Australia’s new red-hot destination for property investment, just 70 minutes from Adelaide.

Waterview land from only $199,000.

https://t.co/sGHoILKy6M

[Politickler @StudLeeMD]

The Canberra elite have granted themselves more benefits by cancelling stamp duty for themselves.

How much more of this can you take?

[www.landwanted.au 🇦🇺 @propertynetwork]

Australians pay too much TAX

[First Squawk @FirstSquawk]

Australia’s Westpac sees mortgage demand decline 10% over three weeks since the government unveiled tax changes.

[V @littlemykonos]

Australia’s 12 MPs going to the World Cup is paid for by you.

They get :
Business class
Security
Five star hotel
Chauffeured transport ( about $2000 per person per day )
$500- $1000 per day covering meals and allowances

On top of the twelve MPs attending your tax dollars will also cover media liaison officers , department advisors, foreign affairs officials , travel manager, event coordinator, accomodation coordinator and transport coordinator , risk and intelligence liaison officers, photographer, videographer, travel health support officer, embassy liaison officers , note taker, parliamentary clerk assistant, speech writer, government communications officer.

Meanwhile
We are all putting the blueberries back waiting for next week when they may be $2 cheaper.

These people are criminal.

[www.landwanted.au 🇦🇺 @propertynetwork]

Report finds Anthony Albanese's promise for 1.2million new homes by 2029 'cannot be met' https://t.co/HnhVkJHS6j via https://t.co/GagxTsSYnx

[Biko Konstantinos @BikoKonstantin1]

Melbourne, the 2nd biggest city in Australia (by population) is the 5th most expensive. How does that work?

[Ted Bullpitt 🇦🇺🇦🇺🇦🇺🇦🇺🇦🇺 @RightisRight___]

Just a few taxes we pay in Australia 🤬

* Income Tax
* Company Tax
* Capital Gains Tax (CGT)
* Medicare Levy
* Medicare Levy Surcharge
* Goods and Services Tax (GST)
* Fringe Benefits Tax (FBT)
* Luxury Car Tax (LCT)
* Wine Equalisation Tax (WET)
* Fuel Excise
* Tobacco Excise
* Alcohol Excise
* Customs Duty
* Import Processing Charges
* Petroleum Resource Rent Tax (PRRT)
* Passenger Movement Charge
* Superannuation Guarantee Charge
* PAYG Withholding
* PAYG Instalments
* Diverted Profits Tax
* Withholding Tax (Interest)
* Withholding Tax (Royalties)
* Withholding Tax (Dividends)
* Biosecurity Protection Levy
* Agricultural Levies
* Fisheries Levies
* Export Certification Charges

State Taxes, Duties and Levies (Australia-wide)

* Payroll Tax
* Land Tax
* Transfer Duty (Stamp Duty)
* Vehicle Registration Duty
* Motor Vehicle Registration Charges
* Emergency Services Levy
* Fire Services Levy
* Foreign Owner Surcharge
* Absentee Owner Surcharge
* Betting Tax
* Wagering Tax
* Lottery Tax
* Casino Tax
* Gaming Machine Tax
* Mining Royalties
* Petroleum Royalties
* Quarry Royalties
* Waste Levy
* Congestion Levy (where applicable)

Local Government Charges

* General Rates
* Water Rates
* Sewerage Charges
* Waste Management Charges
* Infrastructure Charges
* Development Contributions
* Special Rates and Charges

Other Mandatory Business-Related Government Charges

* Workers Compensation Premiums
* ASIC Annual Review Fees
* Business Name Registration Fees
* Licence Fees
* Permit Fees
* Environmental Authority Fees
* Development Application Fees
* Building Approval Fees
* Maritime Registration Fees
* Commercial Vehicle Registration Fees
* Heavy Vehicle Road User Charges
* Biosecurity Fees
* Workplace Health and Safety Fees
* Industry Accreditation Fees

Total commonly encountered taxes, duties, levies and mandatory government charges across Australia: approximately 50–60 separate categories depending on the state, industry and business structure.

[www.landwanted.au 🇦🇺 @propertynetwork]

8 Best Places To Live In South Australia https://t.co/OFbaOnFU0Y

[www.landwanted.au 🇦🇺 @propertynetwork]

@SpachusAus No real change for established houses here in Adelaide yet. Vacant land sales have gone crazy. The supply is getting snapped up.

[Dudes Posting Their W’s @DudespostingWs]

The rest of the world: That animal can kill you.

Australians: He used to sit on my shoulders, he is an absolute unit and we love him

[www.landwanted.au 🇦🇺 @propertynetwork]

@shallowchal Install first, retrospective approval if you get caught. 😁

[Osher Feldman @OsherFeldman]

The expression on Nat Barr’s face just says it all as Senator Cash calls out Labor’s spin.

[Robin Dods @toy59496]

The Grandfathering Loophole Nobody Has Noticed

I've been thinking through the implications of grandfathering and one potential consequence stands out.

If existing investment properties are grandfathered, they may effectively become long-term "deductible debt reservoirs".

The reason is that interest deductibility generally follows the use of the borrowed funds, not the property securing the loan. Therefore, if an investor borrows against a grandfathered property and uses those funds for new income-producing investments (shares, ETFs, businesses, commercial property, etc.), the interest may remain deductible, subject to the ATO's tracing rules.

Borrowing against the property to pay off a home loan would generally not qualify because the borrowing has been used for a private purpose.

This creates a potentially powerful incentive not to sell grandfathered investment properties. Investors may be giving up not only the rental income, but also a valuable financing platform for future investments.

Ironically, that could reduce turnover of existing investment properties and keep more housing stock locked away from owner-occupiers, the opposite of what the policy is intended to achieve.

The legislation could attempt to address this by limiting grandfathering to debt balances existing at a specified date, rather than allowing future borrowings secured against the property. The critical date could be Budget night, the introduction of the legislation, or the commencement date itself.

If future borrowings are ultimately excluded, investors have a significant incentive to increase LVRs before the relevant cut-off date to take full advantage of the grandfathered debt reservoir.

The details of the legislation will matter enormously.

DYODD: This is simply an observation about a possible consequence of the policy. I don't personally use debt and there may well be aspects of the legislation or tax law that I have overlooked.

[Australian Bureau of Statistics @ABSStats]

Dwelling approvals fall in April

Find out more https://t.co/dyy9IzoOeE

[Biko Konstantinos @BikoKonstantin1]

When you looked at the combined house/unit median price, Brisbane is almost as expensive as Sydney. On what planet is this normal?

[www.landwanted.au 🇦🇺 @propertynetwork]

https://t.co/DSU7LpXkz1

[7NEWS Melbourne @7NewsMelbourne]

Melbourne's housing market is now the worst-performing of the capital cities. For more on what is driving the downturn, Cotality Head of Research, Gerard Burg, joins Karina Carvalho.

[www.landwanted.au 🇦🇺 @propertynetwork]

@SpachusAus Are landlords still treated as the enemy by the government.
You're crazy to invest in Victoria

[Don't you worry about that.🇦🇺 @Sauronlordking]

We are paying for this with the highest taxes in the world.

[Thrilla the Gorilla @ThrillaRilla369]

The middle class is the most expensive place to live, and no one talks about it. Lower income households get assistance. The wealthy use tax strategies and loopholes. But the middle class pays full taxes, full tuition, full healthcare, full everything. So you work 50 hours a week just to stay in the same place and fund everyone’s life except yours.