Negative gearing should only be for new builds. That would help increase the housing stock. To me a huge part of the problem with price to income ratio going insane is also from the CGT discount. That needs to go... I think your summary is excellent although I feel attention could be added to the CGT discount although I get you can always add something in a summary.
@jobyjob_memoriesof19855 сағат бұрын
Exactly... Also RBA cannot close their eyes to the scam by banks giving interest only loans for property investment. This scam has to stop...
@fatwombat26115 сағат бұрын
The supply numbers are okay. It's demand supported by immigration. Our birth rate is below replacement and yet our population is exploding. My personal belief is it is to keep the Ponzi going.
@mr_jdes4 сағат бұрын
So just ignoring record immigration I guess huh 🤦🏻♂️
@fatwombat26114 сағат бұрын
@@mr_jdes supply numbers will never keep up with the population boom. Our leaders know it but don't want to talk about it.
@OzzyBloke3 сағат бұрын
We need tax cuts not tax hikes. F@ck that
@shawn5210Сағат бұрын
Good video, I like your delivery style. Couple of notes, data can only tell you what has happened, not what will happen. Removal of negative gearing led to rent rises only in Sydney. I think they fell or were flat everywhere else.
@DonnasGardenRawVegan-ob2wb10 сағат бұрын
Thank you for your videos. You are spot on.
@geoffrussell55204 сағат бұрын
Great summary Will. Most commentators have fixed opinions but this was an excellent summary of need to know history. My view is we’re in for a very painful time and the sooner we rip off the Band-Aid the better!! Still hurts
@mareecrick23795 сағат бұрын
Few recognise that property prices in Australia are the result of dual income and not tax policy. As a tax professional changes to tax policy will only tweak the margins unless so significant to make property investment untenable, and even then owner occupied property will be unaffected. I suspect there will be an effective bifurcation of the property market in coming years with the cookie cutter new builds of recent years being market dogs and those without bank of mum and dad priced out.
@fatwombat26113 сағат бұрын
@@mareecrick2379 yes. We are doing twice as much work for half as much. Should be twice as rich but alas.
@industrial-steampunk2 сағат бұрын
The reserve bank is on track to give us stagflation by not putting rates up high enough quick enough, this trundling along feels very much like stagflation
@marcusbolleurs91052 сағат бұрын
Stagflation is best case in 2025/26. I suspect incoming recession. Buckle up 😂
@PyjamaLlama5 сағат бұрын
RE rates: You are bang on. People are complaining about how rates are high but we are still lower than the historical average. People need to stop relying on rate drops given we are in the sweet spot according to the RBA. Our economy needs to continue on the basis that rates won't drop, or by much if they do, and push forward from there. If that means we see people having to sell up as a result, so be it.
@kanehills42804 сағат бұрын
17% on a house that cost 2x wages, compared to 10x wages for a house at 5%.. I would rather the 17%
@markovasil160814 минут бұрын
Your wrong, interest rates haven’t been this high since 2005 when houses were 1/2 the price. But wages aren’t double. Therein lies the problem
@fatwombat26115 сағат бұрын
Currency devaluation. Aud is the new peso.
@ronfesta77124 минут бұрын
Me thinketh beautiful and amazing Greater West, close to stations, stopping centres with doer uppers on large blocks of land around $700,000. Sorry girls, no ensuites or Island benchtops!@!?😉😁
@kumarkantheti14310 сағат бұрын
I'm attending an interview as an underwriter please help me for more information
@rodneygillespie92125 сағат бұрын
On 14th of Feb 1966 the biggest crime in Australia's history was committed.