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@NoCodeKing @TheRealDavey2 Retard cant even read :(
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If you're a young Australian trying to save up for a house deposit, know that the capital gains tax increase announced by Labor absolutely screws you over.
You want to buy a house in the next few years. Labor's new taxes mean your savings need to be invested for 15+ years to reach the current discount.
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@JunoNameon @TheRealDavey2 I misunderstood - @TheRealDavey2 was referring to people saving for a house deposit in the stock market or EFTs etc.
When those gains are realised, they will be taxed much more on that before.
Doesn't effect people saving their money in traditional banks.
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@NoCodeKing @TheRealDavey2 I think his point was that interest on your savings for a house deposit, kept in a normal bank, will now be taxed more.
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@TheRealDavey2 Mate, we're not buying investment properties, we're trying to live in the fuckin' thing. Negative gearing doesn't touch owner-occupiers, and your family home is still CGT exempt, you gronk. This just stops landlords bidding against us. Cry harder.
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@vjerkov @TheRealDavey2 You are correct, I realise now I went retard-mode
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@NoCodeKing @TheRealDavey2 Where are you storing the money saved for the deposit? That's the investment he's talking about.
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Older Australians didn’t get there because they had it easy. They endured recessions, rate shocks, market crashes, the GFC and COVID, while saving and investing for decades so they wouldn’t be a burden on the public system.
#retirement #investing #wealthcreation #australia #montinvest
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@aussiejoedavola @nickpmclaren But... more supply overall, right? That's the actual shortage we're trying to fix. A new house 40-60km out is still better than no house at all for the people who need homes.
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A long time ago we went to buy a unit, only to be outbid by a negative gearing investor. We wanted to live in it. I can’t believe all these years later the tax benefit that favours investors over 1st home buyers is finally changing! #budget2026 #therichgetricher
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If you look at this chart and think it's a good thing, you're sub-70 IQ.
#AusPol #HousingCrisis #NegativeGearing #Budget2026

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Dear Australians,
If you think this evening's budget will improve housing affordability and cost of living issues then you need to stop watching the ABC, and get some better sources of news economic analysis.
Otherwise you will find yourself, in a few years time, wondering (idiotically) why houses are still getting more expensive, why the economy is crashing even harder, and why your morning coffee just keeps getting more and more expensive (if you can still find a coffee shop that hasn't gone out of business).
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Vision retweetledi

I’ve always believed the No.1 application of AI should be to improve human health.
That work started with AlphaFold, and now at @IsomorphicLabs with the mission to reimagine drug discovery and one day solve all disease!
We are turbocharging that goal with $2.1B in new funding.
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@el33th4xor @justinkim415 for CEO
He is carrying this company on his shoulders.
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@Zebediah431747 @strangerous10 New builds still qualify for full negative gearing. So investors won't need rental profits - they can run losses and get tax refunds just like now. That's exactly why the policy directs them to new supply instead of bidding up existing homes.
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@strangerous10 Existing house owners won't sell if they get taxed more & lose the negative gearing and new builds will be investors looking for profit ..when does price come down ?
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Jim Chalmers says when the LNP introduced the CGT discount in 1999, they “fundamentally distorted how investment happens” by “encouraging ppl to pile into existing housing” which pushed prices up & locked young ppl out.💥
The 27-year free ride is finally over. #auspol
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Frankie my boy, does this chart look sustainable to you?
Past incentives for 'new supply' didn't stop the explosion because the tax breaks overwhelmingly flow to buying existing homes, juicing demand and prices.
Investors get the losses offset against their day job + half CGT discount. Result? More bidding wars on established stock, not enough new builds hitting the market fast enough.
Restricting the full perks to new builds (while grandfathering existing) shifts capital toward actual construction instead of flipping old houses.
The real blockers are zoning, approvals, and construction costs.
You don't get to change some kitchen handles, paint the kitchen and call it +$200,000 "reno" anymore...
Surprise Surprise, that's a good thing for young Australians looking to buy or rent.

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@NoCodeKing @lhilakari You mean like it did in 2020 when there ended up being a massive supply and with that a massive spike in the cost of buying land, building and renting? 😂😂
You lefties really are financial numbskills. No wonder you are all crying broke and unable to own a home.


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Anyone who is sooking that they can’t make more money from buying extra homes in a housing crisis can get in the bin.
Why should the govt make your housing investment bullet proof, whilst young people can’t get a first house.
So pleased the govt took action. #auspol
TOM PANOS@tompanos
This isn’t just about property. Proposed CGT and negative gearing changes could impact investors, business owners, entrepreneurs, and start-ups across Australia. Australians were told these changes weren’t coming, then the rules changed. It’s about trust. #CGT
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@NoCodeKing @lhilakari Hey dipshit. What happens when investors with lots of money suddenly start buying up blocks of land and building new houses to get negative gearing and CGT incentives? Do you know what they does to the real estate market? 😂
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