Australia Today 🇦🇺

CONFIDENTIAL: The Report That Could Have Fixed Housing. Buried. The Albanese government was handed PBO Report PR-2024-933 — a confidential policy costing on negative gearing and capital gains tax, completed 6 March 2024, released 23 April 2024. The findings were clear. Limiting negative gearing to new builds and removing CGT discounts would: 1) Lower house prices. 2) Shift investors into other asset classes. 3) Free up existing homes for first-home buyers. 4) Save the budget $62.4 billion over a decade. The Prime Minister had this information. He knew the benefits. He knew it would ease the housing crisis. He chose to do nothing. Because propping up the housing Ponzi scheme serves those at the top. This isn’t policy failure. It’s deliberate. #auspol #housingcrisis #costofliving #ausvotes pbo.gov.au/sites/default/…

Here are 15 policy ideas to restore fairness in the housing market: 1. Drastically reduce immigration to relieve pressure on housing demand. 2. Ban foreign ownership of residential property. 3. Stop universities acting as de facto immigration agencies. 4. Tax vacant homes heavily to discourage land banking. 5. Scrap negative gearing and capital gains tax concessions for existing properties. 6. Require a 20% deposit for all property purchases to curb risky lending. 7. End taxpayer-funded subsidies for property speculation. 8. Build more homes — not just luxury apartments, but affordable, family-suitable housing. 9. Ban companies and trusts from owning residential property — people need homes, not portfolios. 10. Limit investment property ownership to 1 per person (2 if they’re new builds). 11. Implement rent caps to protect tenants from predatory hikes. 12. Increase land tax on investment properties to discourage hoarding — reinvest that into housing construction subsidies. 13. Peg immigration to housing vacancy rates — not ideology or GDP targets. 14. Rezone unused or underused land for high-density public housing. 15. Enforce transparency over who owns housing — too much is hidden in corporate or overseas shells. But let’s be honest... most political parties won’t touch these ideas. Why? Because they don’t actually want affordable housing. They’re too invested in propping up the housing Ponzi scheme to keep prices rising forever. They are too afraid to make the hard decisions that will benefit all Australians to come. REPOST to spread the word and COMMENT with your own ideas. It’s time the public forced this debate into the spotlight. #auspol #HousingMarket #costofliving #housingcrisis

Liberal MP Peter Dutton wants to ban foreign buyers from purchasing #realestate in Australia for two years. Australian Taxation Office figures show foreign buyers made a total of 5,360 purchases worth $4.9 billion in 2022–23. #ausbiz #auspol

Australia must act to strengthen its position as a critical minerals powerhouse against China and Africa!🇦🇺 For the West to win the battery arms race, we need to: • Establish an Aussie Inflation Reduction Act 💰 • Strong Western alliances 🤝 • Invest in local mid-stream processing plants🏭 • Diversify export markets outside of China 🌏 • Build strategic reserves to control supply and pricing💎 • Boost green mining technology 🌱 #lithium #miningstocks $PLS $LTR $MIN

I believe they have got the figures for $LTR quite incorrect. The chart assumes no change in LTR's LCE growth over the years 2024 to 2034. After ramp-up, Liontown Resources (LTR) is expected to produce 700,000 tonnes per annum of spodumene concentrate from its Kathleen Valley Project. This production translates into approximately 84,000 tonnes of LCE per year.

Australian #lithium production forecast to increase at a CAGR 🇦🇺⛏️ of 4% between 2024 and 2034 This is slightly lower than the CAGR of 5% that we forecast in the previous report. Fastmarkets expects production to grow to 718,156 tonnes of LCE in 2034 from 468,399 tonnes In LU/4.. $ALB $PLS.ax $MIN.ax $SQM $LTR.ax #mining

Further, since the Chinese/African lithium mines are producing losses greater than Australian lithium mines I expect supply cuts to come from them. It is really important to note that CATL's mine suspension is only the tip of the iceberg. Many other Chinese mines will be feeling losses a lot worse but are yet to suspend production too... This hasn't gotten the attention it needs yet, probably because of institutional investors shorting lithium stocks don't want people to know... it'll hurt their short positions. More news may come out after they close their positions and change to a BUY rating.

Expecting to see a strong upside for lithium stocks as the bottom now looks to be in. A short squeeze would seem to be imminent and we saw an uptick today in the Australian SC6 spot price for the first time in a long time. The narrative of Chinese/African mines is also falling apart quite quickly as we can now see their production costs are higher, and the spot price for both Chinese and Zimbabwean spodumene concentrate is fetching a lower price than Australian. Just can't compete with Aussie mining!

Citi reckons #lithium shorts are in trouble for a couple weeks. Small deficit over the next few months. #mintwit

@Miljew91 @Patience__8 @LiontownRes @TRAVmoneyofmine Convert from AUD to USD, and LTR is in profit.

@Patience__8 @LiontownRes @TRAVmoneyofmine Another pic depicting note 4 costs which is half of pilbara and IGO's total Opex costings. So we could say if $ltr is $651 minus royalties Etc. their total costings including royalties etc. will be $976.5!! Madness and no wonder they do not including Royalties/Sustaining cap/Etc

At what price would Liontown Resources have to consider putting Kathleen Valley into care and maintenance? $LTR #lithium $PLS $MIN #asx @LiontownRes @TRAVmoneyofmine

@minenergybiz I read in an article they won't develop the resource unless pricing for high grade spodumene increases to around $1500 per ton.

BMO on Patriot's PEA 🔋👇 $PMET.to $PMT.ax #lithium

@elonmusk 🔫

Nerfing of the gun emoji matches rise of the woke mind virus, as a core tenet is equating fake harm with real harm

@EvanCranston Nothing beats Western Australian mining. First class.

This is what #lithium mining looks like in Nigeria. Chinese operated zero grade control drilling (or any drilling) and zero metallurgy. Just mine and put into a DMS circuit. Hard to see how this competes with the big western world mines. Only a matter of time before the right hand side of the cost curve shuts down. #ElectricVehicles #evs

@jczuleta $LTR had a larger gain today of +6.33%.

Chinese and Australian #lithium companies reacting almost instantly to the temporary Li2CO3 price rebound in the Chinese spot market and the futures rally.

@CommSec This will be a top producer as they ramp up production. A stock all investors should have an eye on.

Australian lithium miner Liontown Resources $LTR on Wednesday said initial spodumene concentrate has been produced at its flagship Kathleen Valley project with first shipment planned for the later part of the current quarter.

Australia's favourite act from Raw Comedy 2024. Please LIKE & REPOST if you laughed! Find more of Nathan Chin on instagram. instagram.com/nathan_chin_/ @micomfestival

@Murgatroyd52 @peters_malcolm Those people are at the top of their profession and had to go through considerable education and very low entry level salaries, whereas construction workers with low skills start on 6 figures. Doesn’t make sense.

@Australia_Today @peters_malcolm So are CEOs, financial executives and many more. I don't hear outrage about the million dollar saleries paid to these people.

Just watched Insiders on iview. The CFMEU have put building costs up at least 30% maybe more. The ALP has no credibility on attacking the housing shortage allowing this to continue. 3 royalties commissions & 2 building watchdogs didn’t stop it. A weak response will condemn them.

@peters_malcolm Great one Mal, cheers.

@Murgatroyd52 @peters_malcolm Construction workers are paid too much.

@peters_malcolm I hope you are not arguing for reducing the wages of construction workers.

@HazelAppleyard_ No room for transgenders in archeology!

Science is scary, huh ?

Racism is manufactured by the mainstream media and Government. Probably their long play is to introduce a communist regime. #auspol24 #racism #communism