LostinBrisneyland

@David_McMahon75 99% why are you wasting your time here when you know what’s going to happen. You can be rich beyond belief and move somewhere else

Just a reminder, if you hold shares you’re 99% guaranteed to be paying more tax under the new CGT. The typical investor will pay at least 60% more tax.

@Geologo_Trader Off you pop then

Most middle class Aussies could do this: 🇦🇺 Sell your home while still resident: zero CGT. Move to a territorial tax country. Reinvest the lot offshore at whatever risk you're comfortable with. Live off the gains, tax free. And you can walk back into the system anytime. Clean slate, and maybe wealthier than when you left.

Seems to have come back with a strong, well thought out reply. Then blocked me……

@LXLotsofun If u have a house to live in and the price falls back to what it was say 3 years ago explain to me how you have been damaged?

Let me explain this like you're five years old. 1) Around two-thirds of Australian households already own their homes, either outright or with a mortgage. A housing market crash doesn't just hurt "rich investors"—it hurts millions of ordinary Australians. 2) If your $1 million home falls to $800,000 overnight, you've just lost $200,000 of your wealth. That's money many people spent decades working for. 3) A housing crash doesn't magically help young people. Crashes usually come with job losses, tighter bank lending, and a weaker economy. A cheaper house isn't much use if you can't get a mortgage or have lost your job. Wanting affordable housing is understandable. Wishing financial harm on millions of ordinary Australians is cruel. I don't know what kind of person you are, but this sentiment shows a disturbing lack of empathy.

@Kate3015 Punting on property in SMSF- why not just contribute to regular super

Labor are smashing the very people they claim to be helping. Max Giaubert and Min Huang are “completely devastated” by Labor’s snap decision this week to ban residential investment property loans within self-managed superannuation funds, which instantly wiped out a chunk of their businesses. The Sydney couple, aged in their 30s with two young children, operate their own SMSF and run buyers agency Investia and chartered accounting business Taxwell Advisory. They say the ban will not hurt wealthy investors but instead hit younger families simply trying “to secure a better financial future”. “It’s a massive impact for us,” said Mr Giaubert, adding that the changes instantly destroyed about half of Ms Huang’s tax advisory business. “We were completely devastated by the news, and what was most upsetting is the timing of it, the speed of the implementation and the complete lack of consultation with anyone, just for pure political reasons.” They are not alone. People impacted by the sudden Labor-Greens deal banning SMSF borrowing, which helped Labor get its controversial tax changes through the Senate, increasingly view the move as an effort by Labor to help its union mates in industry super funds, which have been battling a SMSF resurgence in recent years. SMSFs have been growing in popularity, and gained increasing interest following the May budget’s changes to capital gains tax and negative gearing as people began to consider fresh strategies to grow wealth.

@Regina769338363 @keithmarlowau Why do u assume I rent

@QLDLOST @keithmarlowau Yup def your problem, also your increased rents too. Just don’t complain about it okay?

Exactly - more will be doing the same for sure, why put up with a top 47% CGT when other countries are 20% or below. Those moaning about the rich need to remember the top 10% of income earners in Australia pay nearly 50% of all income tax raised. Even if a small percentage of them leave, that tax burden will be pushed down.

@PauloHalo Invest in something productive

@QLDLOST It’s a major investment speculative or not. Everyone’s circumstances are different be nice if people grasped that 🤦‍♂️

Gee thanks - the house I worked hard for, and saved up for over ten years, the one that I finally purchased 2 years ago in inner Melbourne, is now worth less than what I paid for it thanks to you clowns and your lies

@RositaDaz48 Oh the horror

Max Giaubert and Min Huang are "completely devastated" by Labor's snap decision this week to ban residential investment property loans within self-managed superannuation funds, which instantly wiped out a chunk of their businesses. The Sydney couple, aged in their 30s with two young children, operate their own SMSF and run buyers agency Investia and chartered accounting business Taxwell Advisory. They say the ban will not hurt wealthy investors but instead hit younger families simply trying "to secure a better financial future". "It's a massive impact for us," said Mr Giaubert, adding that the changes instantly destroyed about half of Ms Huang’s tax advisory business. "We were completely devastated by the news, and what was most upsetting is the timing of it, the speed of the implementation and the complete lack of consultation with anyone, just for pure political reasons." They are not alone. People impacted by the sudden Labor-Greens deal banning SMSF borrowing, which helped Labor get its controversial tax changes through the Senate, increasingly view the move as an effort by Labor to help its union mates in industry super funds, which have been battling a SMSF resurgence in recent years. SMSFs have been growing in popularity, and gained increasing interest following the May budget's changes to capital gains tax and negative gearing as people began to consider fresh strategies to grow wealth. New figures from finance brokerage Loan Market show a 43 per cent jump in SMSF residential investment loan applications in the past quarter, and a 207 per cent jump since 2023. Loan Market broker Julian Choo said there had been an increase in inquiries about borrowing to invest using SMSFs since the budget, and without the new ban “I believe this strategy would have continued to grow in popularity”. “It has been an option for people eager to invest in property, but may not have had the deposit or borrowing capacity,” he said. Mr Choo said inquiries stepped up again this week as SMSF owners tried to fast-track property purchases during a 45-day window before the borrowing ban comes into force. Property investor and adviser Gianni Musumeci said he was frustrated at no longer being able to buy residential property through his SMSF, and he said The ban limited investor options… “It’s one of the only physical assets that both provides a rental income and has capital growth,” he said. “It’s a bit of a coincidence that a few years ago, industry super funds were complaining that they were losing out to self-managed super. “And then all of a sudden, now you can’t purchase residential property … so that’s one less choice that people have to make in terms of where they invest their super.” Mr Giaubert said the rapid rule change was “all very political and all because of the unions and the donations behind them”. “The big superannuation funds are starting to be hurt and losing a lot of business,” he said. “I really think this is about control, and we feel powerless at the moment, like we lost control in the freedom of being able to decide what you want to do with your money.” Mr Giaubert said about 20 per cent of his buyers agency business dealt with SMSFs. He said typical SMSF investors who borrowed money did not have large property portfolios: “They are your 30-to-50 year olds with a couple of kids.” Industry figures back this up, showing that one-third of Australians establishing SMSFs are aged 35-44, with another third aged 45-54. Most new SMSFs have less than $1m in combined assets – not enough to buy a median-priced home outright in Australia today. Almost 40 per cent of new SMSFs start with $200,000- $500,000 of assets.

@keithmarlowau Yep lets get Angus and Poorlin sorting the big issues !

Both Labor and the Greens will be shown the door at the next election. The budget is an economic suicide note, and it's terminal for those who passed it.

@Regina769338363 @keithmarlowau My problem..you wont be here so STFU

@QLDLOST @keithmarlowau Don’t complain about your taxes and cost of living going up!

@Regina769338363 @keithmarlowau Don’t let the door hit you in the arse on the way out

@QLDLOST @keithmarlowau Yup, you and 20 others can share the tax load that I’m leaving behind

@Katweezel @keithmarlowau I used to live in Hong Kong… have fun

@keithmarlowau Aus new CGT is a disaster for shares/ investment. While we hike taxes on capital gains, Hong Kong just passed 2026 Bill expanding fund exemptions, family offices & carried interest relief all on top of zero CGT. One attracts capital. The other repels it. sidley.com/en/insights/ne…

Too right! The CGT will destroy investment and hence growth, the return is not worth the risk with 47% going to the government.

@Regina769338363 @keithmarlowau Bye

@keithmarlowau I pay over 500k in income taxes per year. If I relocate to Dubai I could earn even more (business friendly environment) and pay zero tax.

@tomdflynn Oh please god… they can go back to asking would I like fries with that …not driving Mercedes and wearing boss suits

Does this mean that there will be fewer real estate agents?

@MJBiercuk @DiehmGeoff21785 Go invest in Dubai…don’t forget to duck

@DiehmGeoff21785 It's great that we saw changes to NG on property. But grandfathered property, the family home, and new property are the most tax advantaged assets now. There's less incentive to invest in new businesses

The net outcome of the change to CGT is that rich people in AU will either move their capital offshore or will invest into old, franked-dividend-yielding businesses that contribute most to wage stagnation. Congrats, you're now incentivizing fewer jobs and lower wage growth.

@MJBiercuk Yeh cause they have promoted the greater good for years

@TheJerzWay So your “client” is in the top 0.1%. An example for us all

My Australian client made $1.8M last year. The ATO took $850K and said "thank you for your contribution." No ceremony. No recognition. Just a bill. He moved to Dubai. Set up a freezone company. Works from a beach club now. His new tax bill: $0. Australia didn't care when he was paying. They won't care that he left. But his kids will inherit everything instead of the government. That's the difference.

@Afo3 @TheJerzWay Have u been there…and maybe if u make millions not a couple of hundred thousand. Remind me again how many Australians make 250k +

@TheJerzWay I will never understand how Australia is able to retain citizens when UAE is tax free for you. Us Americans are slaves to the IRS world-wide but you can still escape.

@bowtiedstocks Can the average Brisbane family afford an average house in an average suburb. Not sure what that is but south of $1m. Maybe 4X household income? What was it in the 90’s

It does get you thinking - what actually is the correct price for a house in Brisvegas?? 🤔