Bewildered1976

@Doig4Paul @SpachusAus @TimjboAU What if you just bought so haven't seen any gains, just losses?

@SpachusAus @TimjboAU Yeah getting sick of seeing "what if it falls 10%" we just had propadee just literally double in 5 years 😳, take your win...

Wooohish.. the sound of losing $200,000 grand off the value of my house. Thanks Albo.😡

@auntyneville665 The problem is that the ALP will probably win again. So many people getting free handouts or visas will still vote for them.

The ALP were elected in 2025 based on blatant lies. They lied about the cost of nuclear energy. They lied about negative gearing changes. They lied about lowering gas prices. They lied with the “low wages as a Deliberate Design Feature" slogan. They lied about Coalition Education Funding. They lied about building 1.2 million homes in five years. They lied about immigration levels. How about we have an election right now based on what they’ve actually done rather than what they said they’d do?

@robbierocket7 @MaulingWallSt Still sold well above reserve and above the price guide. Perhaps prices aren't crashing...

@MaulingWallSt it doesnt look like the changes are that bad after all does it ? smh.com.au/property/news/…

BREAKING: Federal Labor Govt crashes housing market with parasitic tax grab. Buyers and investors move away from housing and house prices tumble. An asset you have a $1M mortgage on is now worth $900K and falling by the day. Rents set to sky-rocket with increases of $100 p.w. already being locked in.

@VVeThePeople @SpachusAus @lovethosepics96 Rather than crashing house prices, the other option is to increase the minimum wage and slash income taxes. Bring them in line with the rest of the world.

@SpachusAus @lovethosepics96 @1976Bewildered This is what people can’t fathom. A return back to normality would mean single minimum wage earners can buy a 1 bedroom apartment on the outskirts of a city/town.

To the younger generation out there — how are you feeling about the current property market, the budget, and the possibility of house prices reversing? 🤔 Are you looking to buy in, waiting on the sidelines, or just not bothered? Keen to hear what younger Australians are actually thinking right now. 🇦🇺

@TAFEdefender What about limo drivers waiting for people to watch tennis, flights to the tennis, endless grants to other countries, massive wastage. As someone who paid 42% of their salary in tax last year, I am well and truely over it. Plus constant spending is increasing interest rates.

#insiders Albanese doesn't take your tax. Its used to pay for healthcare, education & infrastructure ffs

@VVeThePeople @SpachusAus So your profile quotes the bible, but you have no compassion for others. You sound like a nice person. Don't bother responding because I am not continuing this discussion.

@1976Bewildered @SpachusAus It’s not my fault that people don’t educate themselves on the biggest financial decision of their life. So many people just sign the dotted line without understanding debt, inflation, interest rates etc. They must learn the hard way because they fomo’d in like sheep.

@SpachusAus @VVeThePeople My issue isnt with you @spacehus it is with idiots cheering on a market collapse. I am fine. My debt is beyond manageable and will soon be zero, but others are hurting and some just cheer on the heartache of people who did their best to get ahead.

@1976Bewildered @VVeThePeople Just 11k followers and 12 million hits on Google per year.

@SpachusAus @VVeThePeople Great. Pity most dont have any idea who you are.

@1976Bewildered @VVeThePeople We told them not to buy.

@VVeThePeople @SpachusAus What about the people who aren't investors who recently bought a home? The market crashes, rates go up, unemployment goes up and people cant afford their mortgage repayments any more get forced to sell at a loss and then line up for rentals.

@SpachusAus I want it to burn to the ground and all the greedy investors to have life ruining experiences. Shelter should not be an investment tool. Fuck em.

@GusLefty @BilsonhBilson So we are screwing everyone else because 91 people have scammed the system? Go after the 91 and leave the rest of us alone. Side note, I don't own and investment property so am no affected by these changes, but Australians who work hard are taxed more than they should be.

I do not support continuing tax breaks for the wealthy who use property investment to reduce their tax bill to zero or so they pay less tax than the lowest paid workers ATO statistics reveal that 91 Australians who earned more than $1 million in total income paid absolutely no income tax The primary property mechanisms they use include: Negative Gearing: Investors claim deductions for the interest on their massive investment property loans, maintenance, and depreciation. When these outpace rental income, the net loss offsets other taxable income, sometimes completely wiping out their tax liability. Capital Gains Tax (CGT) Discount: When these properties are sold after 12 months, investors are legally required to pay tax on only half of the capital gain. Trusts and Corporate Structures: Wealthy individuals distribute property profits or losses to discretionary trusts and corporate structures to access lower tax brackets

‼️Insiders starting with a major attack on Labor in a promo saying it’s unpopular but our poll on X has 89% of people supporting the budget as trust taxes are only on earnings not the trust itself & payees angry at funding rich people using the the LNP’s scam to pay NO tax!

@TonySheldonNSW You just devalued the PPOR house I just bought. Do I get a refund? No. I will just continue to pay ridiculous levels of income tax.

We've helped 250,000 Australians buy their own home with a 5% deposit, and we're building 100,000 homes set aside just for them.

@angelar68197975 Do you truly believe what you are saying or do you simply support everything that Labor does? Tell me how Labor is helping. All they have done is increase taxes.

Labor is helping young people get into their own homes.. He’s heard their despair and unlike LNP Albanese is acting on the hopeless situation many face by encouraging the building of new homes which benefits millennials and investors

@ozcarptweets @raywilton4 It is not only wage growth. Income tax in Australia is way too high. Stop the recklessly govt spending, reduce income tax and more people can afford to buy a home. This is better than crashing the market to reduce prices. People are losing their hard earned money.

@raywilton4 Young people are missing out because wage growth has been 💩 and every avenue for investment to accelerate their affordability has been shut by labor! You can't be anti millionaire when an average property is over a million!

Young people were “missing out” at auctions because they were bidding against investors who had the “Australian taxpayer on their side”. “Because of the tax breaks that are there, it’s not an equal process,” Albanese said. theguardian.com/australia-news…

@Tank9999 @James16878077 Last year I paid 42.45% of my income in income tax. How can you believe that this is fair? When you are sleeping, i am at work, when you are having breakfast, I am at work, when you are having dinner, I am working, yet I give 42.45% of my income to the govt to waste.

@James16878077 That's not comparing apples to apples The top 1% of SALARY EARNERS CANNOT USE TRUSTS so they can only minimise their tax a little on average they pay a tax rate of 38% The top 1% of people with income other than wages Minimise their tax completely using trusts SOME PAY ZERO

#auspol Only the very wealthiest people in Australia use #Trusts to minimise their tax to pay less than Nurses Firies or Ambos Lets see how they try to spin these tax changes into "It will hurt everyone" Like they've tried to convince the poorest they will be hurt by CGT

@DrCraigEmerson @AlboMP You should qualify that you are paid by Albo. That makes your opinion worthless.

Yes, stand firm ⁦@AlboMP⁩ Without these changes the privileged few will lock young working people out of owning their own homes forever - which is exactly what the Liberals and Nationals want. smh.com.au/politics/feder…

@BilsonhBilson How is it fair that the highest tax bracket is $190k and the highestrate is 47%. In other countries the highest rate is 37% and the tax bracket multiple times $190k. Both parties are killing those who work hard.

While trust accounts will final have to pay tax on their earnings the trust itself will not be taxed! The sly LNP have spent decades giving their wealthy cronies all sorts of tax exemptions! It’s why payee’s are doing the heavy lifting! 1/3🧵

@s12_jan @JulianHillMP Yet the highest income tax bracket is 2 times average income. Perhaps that is the problem. We are being taxed to death.

@JulianHillMP I'm a grandparent and I want my grandchildren to be able to get into the housing market. Compared to the opportunities we and their parents had, it is so much more out of reach now. Median house prices are now up to 9 times the average income‼️

Good for young Australians and good for the nation. #auspol

@Potstirrer111 @pwafork Help me out here. I am missing something. You said investors were the highest % at 43%. Isn't it just investors and owner occupiers? Wouldn't that make the OCs 57%. What am I missing. Genuine question.

@pwafork Um yes? That’s exactly what will happen. Investors were the highest % of buyers since 2015 at 43%. If you lower that amount it means the other number of owner occupiers and first home buyers goes higher. Pretty basic maths

So now that all the nasty investors have been scared out of the market we should see massive auction clearance rates dominated by first homebuyers, yes?

@JEChalmers How on earth can the highest tax bracket kick in at $190k. Is that two times the average salary? Don't other countries kick in at over 6 times the average? You make people want to leave Australia. My parents came here for a better life over 60 years ago. Now I feel i need to leav

@JEChalmers @JEChalmers i bought a PPOR in April because you told Australia you would not touch negative gearing or capital gains tax, whilst those changes dont directly affect me, experts are saying that house prices will now fall 5-10%. Will you refund me what I am about to lose?

Sat down with Mark Kenny and Marija Taflaga on the Democracy Sausage podcast and covered our Budget, reform, and the real meaning of aspiration. This Budget is all about addressing some of the anxieties we’re seeing across the world, and I appreciated the opportunity to chat about it in more depth than usual. If you’d like to have a listen, you can find it here: open.spotify.com/episode/4yVzGw…

@JEChalmers I am just grateful that I had a decent deposit. Despite you take 47% of my overtime income, I managed to save enough for a healthy deposit, but that doesnt change the fact that I will now lose 5-10% of my hard earned money. I feel for those that accepted your 5% deposit...