You know, you will never see my competitors (Domain, Cotality, Proptrack) dispute our auction clearance rates. They never dispute them. Because they know they would lose such an argument on methodology.
Easily lose.
Today is the second anniversary of the tabling of the senate report into regional bank closures. @albo & @JEChalmers have betrayed regional Australians by failing to respond to the eight recommendations. And why have the @The_Nationals and @LiberalAus forgotten about it? #auspol
One Nation opposes Labor's negative gearing changes and capital gains tax changes to existing properties.
If Labor wasn't bogged down defending all the other elements of its poorly received budget, it could be going on the offensive on the home ownership angle.
The real equity issue in this budget is that Labor are telling us they need to borrow $267 billion of extra debt over the next four years to pay for their out-of-control spending. That is almost identical to the total value of the headline budget deficits that Labor say they will produce between now and 2029-30.
The fairness issue is that Labor is spending hundreds of billions of dollars borrowed from future generations to buy votes in the present. If it kept government spending as a share of the economy, or GDP, at 2007-08 levels, when Australia was doing very well indeed, the budget would swing from a projected $64 billion headline deficit to a surplus of about $23 billion. Rather than borrowing from future taxpayers, we would be reducing their debt burden.
It is un-Australian to overturn all the rules of the economic and investment game — adversely affecting millions of households and businesses in the process— with zero debate, discussion or notice. The accounting and legal costs alone will impose a small fortune on families and firms. How Labor thought they could get away with this daylight robbery is unclear. It must have something to do with dud polling…
afr.com/markets/equity…
"The Albanese government has handed people a powerful new incentive to structure their affairs to qualify for the part-age pension – a budget carve-out that shields about 2.7m older Australians from facing bigger capital gains tax bills."
afr.com//wealth/person…