The RBA, politicised conmen with a gun to the head of the Australian economy

[Hamingja]

Cmon you selfish pricks, let’s all push our haircuts out two weeks, brush your teeth more often and stop eating at restaurants.
Let’s put hairdressers, dentists and the hospitality industry into a hole, for the better good!

Boycott QANTAS and Harvey Norman. When those leeches start sooking about the rates affecting their business the government will intervene then.

 

[adogsfan5]

Boycott QANTAS and Harvey Norman. When those leeches start sooking about the rates affecting their business the government will intervene then.

Yep and have since 2021. Great call.

 

[Golden_6]

Yep and have since 2021. Great call.

I'll never shop at Harvey Norman again due to that arrogant man at the top.

His recent radio ad following the recent Optus bungle was one of the more cringey things I've heard. He exists purely for his own personal monetary gain.

https://www.news.com.au/technology/billionaire-gerry-harvey-slams-optus-criticism-as-very-unfair/news-story/c5950a73484b6824a65e6d41e540dded

 

[Syd]

Woolworths are an evil organisation, just ask any supplier or contractor that's had anything to do with them.

Amazon are the Devil

H8 them campaigners

 

[Pakenhamsaint]

There's no reason why one person should hold 6 perfectly good residential properties for price gouging on the short-term market. This is the single biggest issue in the housing market and is so simply to fix.

I'd start taxing heavily after someone buys thier 3rd house. If it's unoccupied for more than 3 months it gets taxed there as well

 

[The Cryptkeeper]

I'd start taxing heavily after someone buys thier 3rd house. If it's unoccupied for more than 3 months it gets taxed there as well

All uninhabited property should be taxed.

CGT exemptions for investment property should be removed.

 

[HairyO]

All uninhabited property should be taxed.

CGT exemptions for investment property should be removed.

Will never happen given how many politicians have so many investment properties.

 

[Pakenhamsaint]

Will never happen given how many politicians have so many investment properties.

I suspect it will happen one day. The younger generations are slowly becoming the largest voting group

 

[Seeds]

Conveniently left out Banks, Insurance Companies, The Coles\Woolworth's Duopoly and a plethora of others that have a much higher impact on the COL.

But yeah.

Cos I wasnt complaining about price gouging. The other poster was.

 

[Seeds]

All uninhabited property should be taxed.

CGT exemptions for investment property should be removed.

All property should be taxed. And taxed based on its land value. This will force empty nesters to downsize and move away from inner cities and will also discourage investors from owning lots of properties.

 

[evolved2]

All property should be taxed. And taxed based on its land value. This will force empty nesters to downsize and move away from inner cities and will also discourage investors from owning lots of properties.

Why would it discourage investors? They'll just average the cost to a weekly rate and add it to the rent.

 

[Cap]

All property should be taxed. And taxed based on its land value. This will force empty nesters to downsize and move away from inner cities and will also discourage investors from owning lots of properties.

I tend to agree, dump stamp duty, have a land tax.

Stamps make it a disincentive to move. (Imho)

 

[evolved2]

I tend to agree, dump stamp duty, have a land tax.

Stamps make it a disincentive to move. (Imho)

It would have to be grandfathered in, so effect of the change won't be as quick and easy as some hope.

 

[Cap]

It would have to be grandfathered in, so effect of the change won't be as quick and easy as some hope.

Absolutely. Should not be taxed twice

I guess it comes down to what's fair and reasonable. I paid stamps on my house over a decade ago on a house price a fraction of what it is now.

When does that run out or do I get the benefit till I sell?

You'd have to work out what happens to houses owned in trusts or companies that may never change hands.

 

[evolved2]

Absolutely. Should not be taxed twice

I guess it comes down to what's fair and reasonable. I paid stamps on my house over a decade ago on a house price a fraction of what it is now.

When does that run out or do I get the benefit till I sell?

You'd have to work out what happens to houses owned in trusts or companies that may never change hands.

What's fair and reasonable isn't a significant factor imo. What will shift votes is the primary consideration, as always.

 

[Cap]

What's fair and reasonable isn't a significant factor imo. What will shift votes is the primary consideration, as always.

Fair point.

So no change it is.

 

[HairyO]

I suspect it will happen one day. The younger generations are slowly becoming the largest voting group

And then they inherit their parents' and grand parents' properties.

 

[Seeds]

And then they inherit their parents' and grand parents' properties.

Some of them do. Others get nothing. its a massive injustice.

 

[Rotayjay]

We are basically screwed over the long term. Everything survives now because people borrow for everything.
I'm just staggered at how much people I talk to in my work as a counsellor pay every month just to have a roof over their heads and a car and send kids to school and eat and pay bills.

The amount some people spend on car repayments alone just makes my head explode. I drive a 12 year old car I paid cash for.

To me, $476 is a lot of money to fork out every pay packet for a rapidly-depreciating asset. I used the drive-away price for a Hyundai Tucson, which I believe is fairly representative of a full-size family vehicle these days.

 

[Gralin]

View attachment 1860349





To me, $476 is a lot of money to fork out every pay packet for a rapidly-depreciating asset. I used the drive-away price for a Hyundai Tucson, which I believe is fairly representative of a full-size family vehicle these days.

Holy s**t 60k

 

[Puddy]

Corporate greed is the enemy here.

 

[Rotayjay]

Call me a socialist, but I think part of being a decent society is having secure, quality, well-located housing widely available. I think having a 100% home ownership rate is unrealistic, but having more secure and available tenancies is.

The following is the opposite of a decent society:

• Almost no vacancy in the rental market
• Ordinary families forking out unreasonably large portions of their income on rent or mortgage payments
• Owning a home leaving the reach of ordinary people
• Critical workers like police can't afford to live near work
• Tenancy laws that foster insecure renting

Probably a post for another thread.

 

[Gralin]

Lucky the RBA put rates up in November because of the big risk of increased retail spending from the Jul-Sep quarters numbers




remember when they were like the numbers always go up in Q4 or when they said stop going to the dentist

bunch of campaigners and Chalmers is busy talking about legislating away any ability to override them

 

[Golden_6]

Lucky the RBA put rates up in November because of the big risk of increased retail spending from the Jul-Sep quarters numbers




remember when they were like the numbers always go up in Q4 or when they said stop going to the dentist

bunch of campaigners and Chalmers is busy talking about legislating away any ability to override them

It’ll be interesting to see what the November figures are. I tend to hold all my major purchases that I need to make until the Black Friday sales over the past weekend.

 

[Gralin]

It’ll be interesting to see what the November figures are. I tend to hold all my major purchases that I need to make until the Black Friday sales over the past weekend.

The September quarter numbers over a full year indicated lower inflation than what we have now but the RBA still pulled the trigger.

They want 4.5% unemployment that's their benchmark

This would be less of a bitter pill if we didn't treat unemployed or underemployed people like criminals in this country and try and starve them to death.