Sitiveni (Steve)

Bronco fans, keep an eye out & remember these names. Some real potential special players in this list. Saxon Innes Beni Allen Kylem Vunipola Jett Bryce Joseph Tupuse Fa’apale Feaunati Adam McSherry Jared Horne Ezekiel Jones Braithen Scott David Bryenton

@goodfoodgal Oh yeah all these people want to rewrite history. I’ll never forget!

Remember Alison Langdon - the internet is forever and you were on the wrong side of history. (And arrogant and rude no less). We won’t forget. Although I’m sure you’d like us to.

@AvidCommentator Absolutely! For the last several years we’ve seen countless clients wanting to escape the rental market by buying at any price.

I dont think the impact of the rental crisis on home purchase demand and by extension housing prices has been fully appreciated. When people are desperate, they will consider buying to escape those challenges. When the crisis ends so may the elevated impetus, like in Canada.

Real resi propadee price falls of 35% under the RBA housing model This is what you would call ‘the Ponzi unraveling’ scenario

This is so incredibly good: Economist Joseph Schumpeter warned that capitalism weakens when prosperous societies become so comfortable they forget where prosperity came from – and begin resenting the entrepreneurial class that created it. A country might survive high taxes for periods of time. What becomes dangerous is something deeper: the moral suspicion of ambition itself. The creeping belief that commercial success is inherently exploitative, that profit is morally dubious, or that founders should quietly accept punishment for surviving years of uncertainty. Prime Minister Anthony Albanese and Treasurer Jim Chalmers should think carefully about the signals embedded in this budget. Tax policy communicates values. This budget signals that founders are not viewed as partners in national prosperity, but simply reservoirs of revenue whose success is viewed with suspicion... Civilisation advances because some people are willing to bet on tomorrow before tomorrow exists. Australia should be doing everything possible to encourage those people to build businesses here. Because once a society begins treating ambition as something suspect rather than admirable, it eventually discovers that no nation can remain prosperous after teaching its most ambitious people that they are unwelcome. afr.com/politics/feder…

@PeteWargent Yep, getting messages from our team the same thing is happening.

Rekt

@PeteWargent @AvidCommentator

"Macquarie analysts say the changes to capital gains and negative gearing will reduce the attractiveness of property investing. They estimate the changes will more than double holding costs and reduce investor borrowing power by 10% to 20%" adnews.com.au/news/federal-b…

@GeoffWilsonWAM @peterstefanovic @SkyNewsAust Enjoyed it

Great interview @peterstefanovic @SkyNewsAust thank you 🙏 The Federal Budget punishes aspiration and hits young Australians hardest. It delivers higher taxes on success and it weakens incentives to invest and build wealth. The Government is taxing the very things we need more of: capital, ambition, and home ownership. 👇 #AustralianEconomy #FederalBudget #Aspiration

@NoelWhittaker Yep

I'm running numbers on family trusts. If the trust owned by mum, dad, and 19-year-old daughter earns $180,000 a year and they distribute $60,000 to each the tax will be three times $9,000 = $27000. At 30% flat, it's $54,000. That's double - The only way out is to change distributions to wages, but they must be able to justify the wage. It's a shameful attack on business

@DrCameronMurray Interesting

A bunch of new listings again this week. I've never seen so many homes for sale

@matt_barrie @JohnRuddick2 Gold

@AvidCommentator Let me check and come back to you.

@sitiveni05 Is there any literature on the rough ratios more broadly circulating in the industry by any chance? Cheers 🙏

Impact of negative gearing change to borrowing capacity as told by a mortgage broker. Income: $250k PPOR Value: $1.13m Mortgage: $640k Investment property borrowing capacity: Pre-changes: $964k to $1.015m Post: $712k to $722k Source: facebook.com/share/p/1C5m7L…

@2GB873 @BenFordhamLive Damn I was just there

Wild scenes have emerged outside of an emergency department. NSW Health Minister Ryan Park described the scuffle outside St George Hospital as "hooligan behaviour". @BenFordhamLive

@rjmontgomery Interesting

In my latest update, I explain why I believe the federal budget could fundamentally reshape property investing in Australia. Changes to negative gearing and capital gains tax may discourage investment in established properties, with potential flow-on effects for housing, banks and younger Australians trying to build wealth. Keep up to date via the blog here: bit.ly/4dmEOie Want more like this? Follow my Instagram instagram.com/rogerjmontgome… #property #investing #federalbudget #australia #montinvest

Is the small business 15-year CGT exemption still in place after this budget? Sorry haven’t been paying attention lately.

@GeoffWilsonWAM @TheKouk He’s a political hack pretending to be an economist.

Stephen, conveniently ignoring 19 years of fully franked dividends says more about your economics than mine. $WAM.AX current gross yield is 11.16% per annum. WAM shareholders have received substantial fully franked income, strong long-term returns and benefited from active capital management through multiple crises and cycles. Happy to compare track records anytime.

Not sure Geoff Wilson has a lot to add to debates on economics. Look at the share price of his investment company. In 2007, the share prices was above $1.90: Today it is $1.74. 19 years for minus 8%. Thanks Geoff!

@palejawsh Yeah he’s got something, could add some depth

talked about him last year @sitiveni05 and he's got a shot in pre season with us! gotta pronounce Takitau Mapapalangi now! hes a wrecking ball!

@Ben__Rickert Correct!

Problem. Reaction. Solution. It's known as the Hegalian Dialectic; a three-stage process of change and development driven by contradictions, where an initial idea (thesis) evokes a contradictory idea (antithesis), leading to a resolution that transcends both (synthesis). Don't fall for it.

@MikeBromley15 Correct

One of the biggest economic lies told is that deregulation helps big business. The truth is, most regulated industries are regulated at the behest of the big players. It’s all a nonsense. It’s small players that need deregulation to compete.

@Ben__Rickert Exactly

The US Dollar has lost over 95% of its purchasing power since the early 1970's. Therefore almost everything is in a bull market versus the US Dollar on a long time frame. Gold is a universal constant and Tier 1 asset with no loss of purchasing power. Use that as your measure instead and you will see the world with clarity.