REbagholders
299 posts
The aim of the scheme was to get people to switch from renters to home owners.
The data strongly support this.
A hugely successful policy - it worked and at a very low cost to the govt.
If prices in lower cohorts underperformed, it would be a worry.
Peter Tulip@peter_tulip
The 5% deposit guarantee has increased prices. Both sides need to learn from this mistake. Boosting demand is a counter-productive approach to housing affordability. For the Coalition, this means super-for-housing should wait until supply is increased. abc.net.au/news/2026-04-2…
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@REbagholders @bowtiedstocks @TheKouk No need to cope I’ve directly benefited from investing for years now 😂
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@AusMigrantPrint @SpachusAus Labor will say that Aussies need to adjust expectations and that a 30 to 50 square meter apartment should be sufficient for a family of four.
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@SpachusAus We need house prices to rise so that Australians can continue to accumulate home equity. Young people need to learn how to rent half a house out to 40 freshly printed migrants to cover interest costs!
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Their response is to lower interest rates so the younger generation can buy into to an over inflated property market. That's not the way. Let the natural reset happen.
Darth Powell@VladTheInflator
Most boomers don't realize they STOLE housing from younger generations by voting and begging for lower mortgage rates to artificially inflate home prices.
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@CaldronPool @samstrades Someone needs to live off tax payer fund. They will know how to spend your money better than you.
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Hang on.
If they don’t want our way of life, our culture, our customs, or our religion—why are they here?
Why should we welcome them?
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@AndrewTd55 @EightDollarPint The more that come, the more will come. Essentially supply is unlimited.
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@EightDollarPint Could we get morethan we already have? I doubt it. Rural Victorian towns resemble Delhi now.
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We're getting more Indians aren't we
Polymarket@Polymarket
JUST IN: Microsoft commits to A$25,000,000,000.00 investment in Australia to build AI infrastructure & train workers.
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'Australia’s inflation time bomb: why the worst is yet to come'
'The country faces a triple whammy of an overheated economy, high-energy premiums and the risk of a dangerous wage-price spiral' #ausbiz #inflation afr.com/policy/economy…
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@bowtiedstocks @TheKouk Friends sold their 3 bedroom apartment to newly arrived foreigners three years ago. The foreigners have now resold the apartment making a tax free gain of A$600k. The foreigners can't believe their luck and are now going home. Thanks for coming Australia. Come in spinner.
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@TheKouk If house prices fall 30% from here (or more), would you still consider the policy a ‘success’ ?
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@DrewPavlou Insane tax rates on oil and gas is why the UK north sea industry fell apart while Norway is going strong.
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I want to tax gas companies and use it for nation building infrastructure projects: high speed rail, oil refineries, nuclear power plants, underground metro systems.
Kon wants to tax gas companies and shovel the money into NDIS fraud furnace.
Utterly psychopathic.
Kon Karapanagiotidis@Kon__K
Utterly shameful, 160,000 Australians to be cut off the #NDIS, with $15 billion to be cut by 2030 from its annual projected budget. While we don’t tax foreign gas companies which would raise at least $17-$18 billion annually with a 25% levy. Help it make sense!
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@88888sAccount Does that include the senator's farm in Zimbabwe?
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who made more money?
senator meathead and his five hooms
or Santos shareholders directly employing 4,000 people at the evil gas company
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@DrewPavlou @samstrades Can Canberra redefine NDIS services as "manufacturing"? Importing foreigners to "study" is called an "export".
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Australia does not have 6 million disabled people.
You just made this number up out of thin air.
Strewth! 🏳️⚧️🏳️🌈@StrewthQueen
NDIS Minister Mark Butler saying it was designed to support 410,000 people when there are 5.5 million disabled people in Australia...
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@BaronBurleigh2 Possession of a fishing rod is a sure sign of being far right (all of the above) in Australia.
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I know lots of people and interact with many on a daily basis across Australia and I have never met:
1. White supremacist
2. Far right extremist
3. Racists
4. Nazi
Its all bullshit
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@john_macgowan @ThreetothePower But think of the foreign food
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My rant on last night's stream about the Liberal's immigration policy, One Nation's weak response to it, and Australia's bleak future unless something is done:
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@ThreetothePower It is insane. There is a resi high rise tower complex in Brisbane with well over 400 units. Not a single one is currently advertised as vacant for rent.
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The rental crisis IS a political choice.
It's the choice of successive governments to enable mass migration into the country, pushing up rents and inflating demand.
Ellen Sandell@ellensandell
The rental crisis is a political choice. Rents keeps rising because Labor and the Liberals give special treatment to wealthy investors, who in return fund them to stay in power. But it doesn’t have to be this way.
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@stokdog Kazatomprom USD stock hits ATH. Meanwhile Canberra trying to figure out what a woman is.
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Australia holds 30% of the world's uranium reserves. It is the Saudi Arabia of the Southern Hemisphere, yet it refuses to lift mining prohibitions in key regions, refuses to recognise U as a critical mineral, and refuses to lift the ban on nuclear energy.
Mind-blowing stupidity
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@bowtiedstocks It is the grand faustian bargain. Inner city leafy burbs types pay their insanely higher income taxes and school fees, while the uniparty pumps up their tax free capital gains on their houses via mass migration.
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If propadee prices were falling and people’s equity and wealth was shrinking
Could private schools still charge $30k+ a year in fees en masse ?
It’s an interesting thought experiment
We may just find out
BowTiedStocks@bowtiedstocks
I’m surprised a bit by just how high some private school fees are in Brisbane today Many many schools north of $30k + a year in fees or around that mark No tax deductions for these costs either, it’s all post tax money So for high earners, that’s $60k a year per kid of pre tax earnings 3 kids there’s $180k before you get out of bed, clothe or feed them Can keep people running on the hamster wheel for a long time You can also see how what sounds like a reasonably good salary disappears pretty fast
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@ausstockchick I asked my architect to take a look at making design modifications for my proposed unit project to try to offset increased construction costs. He came up with this neat idea.
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Looks like the cost to build houses is about to blow out.
Not good for the housing crisis.
35% more for toilets and toilet seats from June because of sharp rises in raw material costs.
Cost of plastic piping up 35%.
I know so many people who are building too!
😬
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@sparkes_dwayne @fieldo85 Labor would stack the board and key positions of any sovereign wealth fund with losers and it would end up as a disaster. Lion Resources is a very rare case of success. It would end up flushing money down the toilet on crazy projects like Snowy 2.
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@fieldo85 Sorry mate, you're off with the fairies on this one. You've mixed up two very different ideas. The RSPT was a retrospective tax grab on existing operations. So no wonder the industry pushed back. A sovereign wealth fund is the opposite... We will convert you in the end 😉
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The Australian Government invested A$50million in Liontown Resources @ 73 cents, less than a year ago.
That same investment is now worth ~A$150million. Aussie taxpayers are up $A100million in less than a year (i think they took some profit in January when the price was slightly higher than today).
Imagine if the Aust government backed our most productive industry, mining, instead of wasting it on non-productive industries. We wouldn't have almost a trillion dollar debt that's for sure. We'd be swimming in cash. 🏊♂️💸
What generally happens instead, miners need to sell their souls to overseas financiers to get mines up and running. The overseas backers reap all the rewards through interest, dividends, etc. and benefit more than us in our most productive industry. Might be time to adopt a Norway style sovereign wealth fund?
Also, you can draw your own conclusions as to why the usual media suspects framed it the way they did.
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