nathan

@yetanother2024 @shanelta 😆

@nadslaing @shanelta I'm going to go out on a limb and say racism. Even though we're talking about Australian families being made homeless, and no race was mentioned.

So immigration gets cuts to the number of new homes built and you will be shotgunned to learn English. What a shameful lot they are #budgetreply #LNPNeverAgain

@TMFScottP Sarah Ferguson is annoying. More credit to Taylor.

Taylor getting testy with Sarah Ferguson. The speech was, to Taylor's credit, wide-ranging. But he wasn't prepared - either in the speech or in the policies - to answer them. Makes the announcements seem 'motherhood' rather than genuine, for better or worse. #BudgetReply2026

@TMFScottP Says he'll make massive cuts but can't even say what those would be? Who is going to believe that?!

Taylor won't commit to immigration numbers, blaming the government. 'Coalition will deliver one of the biggest cuts to immigration in the history of this country.' #BudgetReply2026

@bowtiedstocks And still nobody will believe he'll do those.

Angus Taylor budget reply: - indexation of tax brackets - acknowledges the devastating impacts of reckless immigration levels on housing, infrastructure, services - will cap immigration based on number of homes constructed each year - immigration to be significantly below this limit for first few years to allow housing construction to catch up - will deliver one of biggest ever immigration cuts to this country - permanent visa holders requirement to learn English - will deport 70k visa overstayers This guy makes a hell of a lot of sense 👏 👏 👏

@PeteWargent If investment lending getting rekt is 40% of lending, property prices are going to come down a lot more than the claimed 1-4%.

investment lending clearly going to drop off a cliff wouldn’t be surprised if there are more FHB schemes in the offing, else stamp duty take will be 📉

Rekt

@petersarmas @StreetNewsAU What will happen to house prices Peter?

The biggest pain will be felt by renters trying to get into the bottom end of the rental market. Expect to see the largest increases in rent over the next 12 months.

@GeoffM75 @AvidCommentator Tom panos losing his mind for the last month was the tell.

@AvidCommentator I think it will absolutely have an impact. The gauge for me is how many real estate agent rants I have seen the past 2 weeks. When they are hitting the panic button, it could actually move the needle lol

Seeing some property spruikers selling the negatively geared path to riches clutching at straws today. My theory is the blow to investor demand for existing homes is going to be greater than anticipated.

@DrCameronMurray @leithvo 'Weird' is a perfect summary of the bloke.

Rizvi has regularly insulted others who use NPLT arrivals data as a leading indicator of net overseas migration. And now he is doing the same thing. So now it's not misleading? Weird

@rdamof @bowtiedstocks Immigration forecasts weren't really changed, though.

@nadslaing @bowtiedstocks No. Immigration will.

The negative gearing change is a minor issue in reality - it is a timing difference rather than a permanent difference and just for existing resi propadee The real worry is the massive increase in CGT in assets totally unrelated to residential housing

@AvidCommentator Wouldn't the winners be prospective home owner buyers in Aus?

Fact check: Accurate

@PeteWargent Does that mean if you buy this year, you can get the grandfathering? How does this 1 july 2027 thin work?

limiting negative gearing for residential property to new builds from July next year

@StreetNewsAU How will reducing tax incentives for investors lead to higher house prices??? Previous schemes were to increase demand. For once, they seem to have actually done something to reduce demand and the real estate industry and cashed up boomers are losing their minds!

Chasing votes. Tonight's CGT and Negative Gearing will be sold as an incredible scheme to supposedly help FHB's. In the end as with other similar schemes this will push property prices up further and lock buyers into a 30 year mortgage at 7 plus percent. Mortgage distress to worsen for this cohort.

@TMFScottP Judging by his speech so far, he'll probably blame the war.

Banning foreign buyers is a tiny (though welcome) impact on affordability. Nothing (yet) on population growth. Not holding my breath, though. #Budget2026

@grahmggg @tompanos Absolutely, couldn't agree more on that front.

@nadslaing @tompanos He’s right on that point.

BREAKING NEWS 😡 Australia could be less than 48 hours away from one of the biggest property tax changes in decades. Reports suggest negative gearing may soon only apply to new properties, with existing investors grandfathered in if they own before budget night. If true, this isn’t just a property story… it’s a trust story. Many Australians feel they voted believing these changes were off the table, only to now face a possible last-minute rewrite of the rules. The question isn’t just what changes are coming. The question is: why weren’t people told before the election? Latest intelligence suggests that you will be able to negative gear brand-new properties with a view to encouraging new developments to be built. #realestateaustralia #propertymarket

@TMFScottP Crazy if true.

Having something like this be effective from Budget night is the only sensible and reasonable approach. *But* it'll change behaviour immediately and puts pressure on the government to make sure it can actually legislate that change, otherwise it'll blow up in investors' faces.

@HarryFromSyd @cmkusher Sydney doubling in ten years not guaranteed, but true, if held long term it should appreciate significantly.

@nadslaing @cmkusher You live in it for at least a decade. In Syd it'll more than double so get the best place you can afford

I can easily see with changes to the CGT discount and NG that wealthier people that would invest in investment properties will increasingly look at commercial property and high-end owner occupied housing. At least with OO housing it is largely tax-free and you get to keep in full any capital growth upon sale.

@grahmggg @tompanos Yes, he has mentioned that, but no, he hasn't mentioned it non stop.

@nadslaing @tompanos Tom says non stop that house prices are driven by incremental demand and most of that is due to immigration. Is that fear mongering too?