-
Mobile App Discontinued
Due to a number of factors, support for the current BigFooty mobile app has been discontinued. Your BigFooty login will no longer work on the Tapatalk or the BigFooty App - which is based on Tapatalk.
Apologies for any inconvenience. We will try to find a replacement.
Vic How would you rate Daniel Andrews' performance as Victorian Premier? - Part 7
- Thread starter Saint
- Start date
- Tagged users None
🥰 Love BigFooty? Join now for free.
- Status
On the 1 March 2022, the way to stop the Andrews Government doing something was discovered.
Just get the property industry to oppose it.
Just get the property industry to oppose it.
Sttew
Brownlow Medallist
And don't you love how Dan and Pallas blame the property sector for this policy being officially abandoned? "A 'misinformation' campaign", Pallas called it! If that was the case wouldn't you set the record straight and go again? Reports over the weekend quoting Labor MP's who insisted on remaining anonymous for fear of reprisal suggest the real reason for the policy being abandoned was fear of voter backlash
The bit I love is the lack of political and moral backbone. The release strongly advocates for the benefits of the entire reform.
But it's too hard.
Would they be benching it if they were fully confident they had enough political capital to ride it out?
The calculus has changed for Labor, and the way we know this is because they are behaving differently.
But it's too hard.
Would they be benching it if they were fully confident they had enough political capital to ride it out?
The calculus has changed for Labor, and the way we know this is because they are behaving differently.
Log in to remove this Banner Ad
Crankyhawk
Hall of Famer
I suggest it could be backlash by removal of developer political funding
Sttew
Brownlow Medallist
Both
A lack of political will is what it is.
How do property developers pass on cost? It's the consumer that determines the price.
"Consumer determining the price" would be predicated on the opinion that the price paid for new supply equals value. I can assure you that for larger developments especially, the price paid for new supply does not always equal what you'd sell if for in the local market.
What a developer gets for a property is more driven by what they need for it to stack up. That includes costs, taxes and profit. Obviously it's tied to reality at a macro level (ie. you can't sell a 50 sq.m. apartment in Southbank for $10 million), but numbers over and above the fair re-sale value are very common.
Obviously some developer are driven why what they want rather than what they need in terms of profit and they chase extraordinary margins at the expense of other. This can be done by expansive seminar marketing both locally and internationally, glossy brochures with pictures of hot people on them that never look the same in real life, fly-trap style display suites with expensive models and agents on higher than average percentage cuts, cash rebates, rental guarantees etc.
And the luxury of the ability to sell at an inflated price over an extended period allows you to lure more people in, but because this tax would have to be passed on, then the sales rates would simply drop for houses and apartments.
The new supply market can be a massive three-card trick and there are some sharks (including some very well known billionaires) out there who get super-profits that they can easily cover with this proposed tax. But there are plenty who run on fair profit margins and some who have smaller developments that don't have the marketing clout to get anything other than a local price through a local agent. I feel for these latter developers and despise the former!
- Oct 9, 2006
- 22,755
- 29,525
- AFL Club
- Hawthorn
- Other Teams
- Super Tottenham....from the Lane.
Thanks legend!!
Gralin
Admin
On ya Gralin! Can’t imagine what partners who had to postpone had gone through last two years.
Crankyhawk
Hall of Famer
even with the added cost its still likely cheaper than engaging in bidding war for existing property
and what other alternative does consumer have - rent?
Dogs_R_Us
Space Traveller
Going to a wedding in a couple of weeks that has been postponed several times. You might see it on the news!
Proper Gander
Owl whisperer and secret agent
- Feb 15, 2015
- 41,373
- 89,684
That’s great news adogs. All the best.
Don’t get caught up too much in stressing over the day. The notion of loving and cherishing your spouse is much more important then spending eleventy-billion on the event and then stressing. Enjoy the day and have a ball, then have a great life
Sttew
Brownlow Medallist
Because its finally happening or because it's someone famous?
🥰 Love BigFooty? Join now for free.
Christopher Buttersnip
Beware of the Drop Bears
- Oct 28, 2020
- 4,020
- 10,244
- AFL Club
- Melbourne
She must be a looker then.
Hope the wedding goes well.Any chance she has progressive tendencies cos I think there's a chance of dragging you back from the darkside before it's too late.
She must be a looker then.
Any chance she has progressive tendencies cos I think there's a chance of dragging you back from the darkside before it's too late.
Haha.. na she’s alright! Depends what you mean by the dark side mate
- Jun 14, 2013
- 13,076
- 15,695
- AFL Club
- Essendon
Posting on BF isn't part of your professional duty. The vast majority here don't consider our employment status nor the views of our employer when posting on social media.
We're not giving Ted talks here.
- Status
Similar threads
- Poll
