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Australia to ban foreigners from buying some homes as costs soar

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  Australia to ban foreigners from buying some homes as costs soar J White <jwhite@none.com> - 2025-02-17 08:00 +0000
    Re: Australia to ban foreigners from buying some homes as costs soar "Rod Speed" <rod.speed.aaa@gmail.com> - 2025-02-17 19:32 +1100
    Re: Australia to ban foreigners from buying some homes as costs soar Petzl <petzlx@gmail.com> - 2025-02-17 20:08 +1100
      Re: Australia to ban foreigners from buying some homes as costs soar "Rod Speed" <rod.speed.aaa@gmail.com> - 2025-02-18 04:54 +1100
      Re: Australia to ban foreigners from buying some homes as costs soar Java <java@boner.org> - 2025-02-18 22:31 -0800
        Re: Australia to ban foreigners from buying some homes as costs soar Petzl <petzlx@gmail.com> - 2025-02-19 18:33 +1100
          Re: Australia to ban foreigners from buying some homes as costs soar "Rod Speed" <rod.speed.aaa@gmail.com> - 2025-02-19 19:24 +1100
            Re: Australia to ban foreigners from buying some homes as costs soar Petzl <petzlx@gmail.com> - 2025-02-19 19:38 +1100
              Re: Australia to ban foreigners from buying some homes as costs soar "Rod Speed" <rod.speed.aaa@gmail.com> - 2025-02-19 19:54 +1100
                Re: Australia to ban foreigners from buying some homes as costs soar Petzl <petzlx@gmail.com> - 2025-02-19 20:30 +1100
                Re: Australia to ban foreigners from buying some homes as costs soar Roderick <noreply@mixmin.net> - 2025-02-19 11:12 +0000
                  Re: Australia to ban foreigners from buying some homes as costs soar Petzl <petzlx@gmail.com> - 2025-02-20 08:55 +1100
                    Re: Australia to ban foreigners from buying some homes as costs soar "Rod Speed" <rod.speed.aaa@gmail.com> - 2025-02-20 09:27 +1100
    Re: Australia to ban foreigners from buying some homes as costs soar Ed P <esp@snet.n> - 2025-02-17 08:29 -0500
      Re: Australia to ban foreigners from buying some homes as costs soar Petzl <petzlx@gmail.com> - 2025-02-18 07:21 +1100
        Re: Australia to ban foreigners from buying some homes as costs soar "Rod Speed" <rod.speed.aaa@gmail.com> - 2025-02-18 09:03 +1100
          Re: Australia to ban foreigners from buying some homes as costs soar Petzl <petzlx@gmail.com> - 2025-02-18 10:03 +1100
            Re: Australia to ban foreigners from buying some homes as costs soar "Rod Speed" <rod.speed.aaa@gmail.com> - 2025-02-18 10:51 +1100
              Re: Australia to ban foreigners from buying some homes as costs soar Petzl <petzlx@gmail.com> - 2025-02-18 11:25 +1100
                Re: Australia to ban foreigners from buying some homes as costs soar "Rod Speed" <rod.speed.aaa@gmail.com> - 2025-02-18 13:25 +1100

#14865 — Australia to ban foreigners from buying some homes as costs soar

Australia’s government will ban foreign investors from buying established 
houses for the next two years as part of an election pitch to tackle 
surging home prices. 

From April 1, foreign investors will be banned from buying established 
property until March 31, 2027, Housing Minister Clare O’Neil said in a 
statement Sunday. The restriction will then be reviewed to determine 
whether it should be extended. 

Australia’s housing is some of the most unaffordable in the world and 
soaring property prices will be a key election issue amid a broader cost-
of-living crisis, especially among young voters who fear they’ll never be 
able to buy a home. 

In Sydney, housing values have jumped almost 70% over the past 10 years, 
with the median dwelling price now around A$1.2 million ($762,000), 
according to property consultancy CoreLogic Inc. Rents have also been 
climbing. 

Still, the ban is likely to have only a marginal effect on prices. 
Overseas investors bought A$4.9 billion of residential real estate — 
including vacant land, new and established dwellings — in the 12 months 
ended June 30, 2023, according to the Australian Taxation Office. 
Established dwellings accounted for about one third of the total. 

The tax office will be given extra funding to help enforce the ban, O’Neil 
said Sunday. 

The government’s move to ban foreign purchases of established houses 
matches a pledge by opposition leader Peter Dutton made last year. An 
election must be held by May 17, and polls show it will be a close fight, 
with cost-of-living concerns and housing among the top three issues.

https://fortune.com/2025/02/16/australia-housing-foreign-investor-ban-
home-prices-rent/

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#14866

J White <jwhite@none.com> wrote

> Australia’s government will ban foreign investors from buying established
> houses for the next two years as part of an election pitch to tackle
> surging home prices.

> From April 1, foreign investors will be banned from buying established
> property until March 31, 2027, Housing Minister Clare O’Neil said in a
> statement Sunday. The restriction will then be reviewed to determine
> whether it should be extended.

> Australia’s housing is some of the most unaffordable in the world

Mindless bullshit

> and  soaring property prices will be a key election issue

We'll see...

> amid a broader cost-of-living crisis,

There is no crisis

> especially among young voters who fear they’ll never be
> able to buy a home.

Nothing new about that

> In Sydney, housing values have jumped almost 70% over the past 10 years,
> with the median dwelling price now around A$1.2 million ($762,000),
> according to property consultancy CoreLogic Inc. Rents have also been
> climbing.

Nothing has been SOURING

> Still, the ban is likely to have only a marginal effect on prices.
> Overseas investors bought A$4.9 billion of residential real estate —
> including vacant land, new and established dwellings — in the 12 months
> ended June 30, 2023, according to the Australian Taxation Office.
> Established dwellings accounted for about one third of the total.

Still a substantial percentage

> The tax office will be given extra funding to help enforce the ban,  
> O’Neil  said Sunday.

> The government’s move to ban foreign purchases of established houses
> matches a pledge by opposition leader Peter Dutton made last year. An
> election must be held by May 17, and polls show it will be a close fight,
> with cost-of-living concerns and housing among the top three issues.

> https://fortune.com/2025/02/16/australia-housing-foreign-investor-ban-
> home-prices-rent/

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#14867

On Mon, 17 Feb 2025 08:00:39 -0000 (UTC), J White <jwhite@none.com>
wrote:

><https://fortune.com/2025/02/16/australia-housing-foreign-investor-ban-home-prices-rent/>
   https://tinyurl.com/t3rtctsh
Australia to ban foreigners from buying some homes as costs soar
***************************************

The REAL problems in housing unaffordability was started by John
Howard in 1999 by cutting "CAPITAL GAINS TAX" from (check
https://t.ly/2FKyw) example, 50% to 25% which, IMO, made negative
gearing a guaranteed easy money scam.
Property prices started increasing and escalating faster and faster.
At 50% it was still a reasonable investment at 25% it's a money making
scam.
Federal Parliament has 435 politicians and only 12 have not declared a
negative geared property portfolio!
the link below explains most.
https://youtu.be/iqUFERBJwoY 

If one has a good reliable stable income "negative gearing." is done
by approaching a bank for a loan on rental property, that includes all
repayments, insurance (bundled together),  for the time of the loan.``
A bank is only concerned about one's ability to reliably pay  the
interest.
Ones interest rates are tax deductible, 
one has to include rent as income.
To find out more ask your bank and or financial advisor.
Many invest in multiple properties/homes depending on their income
from your employment (this particularly includes politicians).
This suggests to me politicians need mass immigration to supply home
renters and squalid rental homes for them to live in.

https://nypost.com/2024/06/14/us-news/how-non-citizens-are-getting-voter-registration-forms-across-the-us-and-how-republicans-are-trying-to-stop-it/
How non-citizens ( ILLEGAL ALIENS) are getting voter registration
forms across the US — and how Republicans are trying to stop it

https://rumble.com/v5w0plw-biden-administration-under-fire-for-distributing-voter-id-forms-to-illegal-.html


-- 
Petzl 
The Greens have never done anything worthwhile to this country.
All they are known for is being an arm of the ALP and handing them and
vice versa, preferences at election time.

Labor the best party that Chinese money can buy!

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#14869

Petzl <petzlx@gmail.com> wrote
> J White <jwhite@none.com wrote

>> <https://fortune.com/2025/02/16/australia-housing-foreign-investor-ban-home-prices-rent/>
>>    https://tinyurl.com/t3rtctsh
>> Australia to ban foreigners from buying some homes as costs soar

> The REAL problems in housing unaffordability was started by John
> Howard in 1999 by cutting "CAPITAL GAINS TAX" from (check
> https://t.ly/2FKyw) example, 50% to 25% which, IMO, made negative
> gearing a guaranteed easy money scam.

More mindless pig ignorant bullshit.

Capital gains tax is irrelevant to negative gearing because it only
apply when property is sold, not to ongoing rental property income.

> Property prices started increasing and escalating faster and faster.

Because we stupidly allowed vast number of foreigners to show up here
as legal migrants and 'student' which weren't in fact real students at all.
'
> At 50% it was still a reasonable investment at 25% it's a money making
> scam.

More mindless pig ignorant bullshit.

Its actually the rate of income tax that plenty pay

> Federal Parliament has 435 politicians and only 12 have not declared a
> negative geared property portfolio!

You have no way of knowning how many of
them are negatively geared and its very unlikely
that many of them except maybe holiday houses
are given the very tight rental market.

> the link below explains most.
> https://youtu.be/iqUFERBJwoY

It just more mindless bullshit from some silly cow that doesnt have a  
fucking clue.

> If one has a good reliable stable income "negative gearing." is done
> by approaching a bank for a loan on rental property, that includes all
> repayments, insurance (bundled together),  for the time of the loan.``
> A bank is only concerned about one's ability to reliably pay  the
> interest.
> Ones interest rates are tax deductible,
> one has to include rent as income.
> To find out more ask your bank and or financial advisor.
> Many invest in multiple properties/homes depending on their income
> from your employment (this particularly includes politicians).
> This suggests to me politicians need mass immigration to supply home
> renters and squalid rental homes for them to live in.

It isnt possible to negatively gear in a very tight rental market
where you can charge what you like rental wise and so the
income will be more than your legally deductable costs.

<reams of US shit irrelevant to what is being discussed flushed where it  
belongs>

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#14876

On 2/17/2025 1:08 AM, Petzl wrote:
> On Mon, 17 Feb 2025 08:00:39 -0000 (UTC), J White <jwhite@none.com>
> wrote:
> 
>> <https://fortune.com/2025/02/16/australia-housing-foreign-investor-ban-home-prices-rent/>
>     https://tinyurl.com/t3rtctsh
> Australia to ban foreigners from buying some homes as costs soar
> ***************************************
> 
> The REAL problems in housing unaffordability was started by John
> Howard in 1999 by cutting "CAPITAL GAINS TAX" from (check
> https://t.ly/2FKyw) example, 50% to 25% which, IMO, made negative
> gearing a guaranteed easy money scam.
> Property prices started increasing and escalating faster and faster.
> At 50% it was still a reasonable investment at 25% it's a money making
> scam.
> Federal Parliament has 435 politicians and only 12 have not declared a
> negative geared property portfolio!
> the link below explains most.
> https://youtu.be/iqUFERBJwoY

The US problem got it's roots when Bill Clinton relaxed loan 
requirements and suddenly anyone could "qualify" for a loan.  That led 
to a flood of purchases, defaults and outright theft.  Obama tried 
something similar, but he didn't have near the impact Clinton did. 
There are still lawsuits in progress and abandoned properties around 
that were totally stripped and wrecked by the buyers.

> If one has a good reliable stable income "negative gearing." is done
> by approaching a bank for a loan on rental property, that includes all
> repayments, insurance (bundled together),  for the time of the loan.``
> A bank is only concerned about one's ability to reliably pay  the
> interest.

Unless you're doing business in the state of New York, your name is 
Trump and a Republican.  Then despite paying back the loan on time and 
in full, the attorney general does a ham sandwich indictment and 
conviction on you.

> Ones interest rates are tax deductible,
> one has to include rent as income.
> To find out more ask your bank and or financial advisor.
> Many invest in multiple properties/homes depending on their income
> from your employment (this particularly includes politicians).
> This suggests to me politicians need mass immigration to supply home
> renters and squalid rental homes for them to live in.
> 
> https://nypost.com/2024/06/14/us-news/how-non-citizens-are-getting-voter-registration-forms-across-the-us-and-how-republicans-are-trying-to-stop-it/
> How non-citizens ( ILLEGAL ALIENS) are getting voter registration
> forms across the US — and how Republicans are trying to stop it
> 
> https://rumble.com/v5w0plw-biden-administration-under-fire-for-distributing-voter-id-forms-to-illegal-.html

The USA had voter registration cards back in the 60's.  If you didn't 
have a card, you didn't vote.

Democrats claim blacks are too stupid to get ID cards or drivers 
licenses now in 2025.

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#14877

On Tue, 18 Feb 2025 22:31:02 -0800, Java <java@boner.org> wrote:

Snipped this was about negative gearing bank loans in Australia 
driving homes and rents up
>> https://nypost.com/2024/06/14/us-news/how-non-citizens-are-getting-voter-registration-forms-across-the-us-and-how-republicans-are-trying-to-stop-it/
>> How non-citizens ( ILLEGAL ALIENS) are getting voter registration
>> forms across the US — and how Republicans are trying to stop it
>> 
>> https://rumble.com/v5w0plw-biden-administration-under-fire-for-distributing-voter-id-forms-to-illegal-.html
>
>The USA had voter registration cards back in the 60's.  If you didn't 
>have a card, you didn't vote.
>
>Democrats claim blacks are too stupid to get ID cards or drivers 
>licenses now in 2025.
>
I'm in Sydney Australia
Yes the US election in 2020 looks stolen and computer manipulated

In 2024 the cheating was even more, 
Donald Trump caused more Americans to go out and vote which
overwhelmed even this cheating

The only states Kamala Harris "won" do not require voter IP
Newsmax raised eyebrows about this
Screenshot from TV
https://ibb.co/4nMShX76
Political state maps RED Trump, BLUE Harris  
Says it all
-- 
Petzl  
Gough Whitlam when Joe Riordan lost the seat of Philip in Sydney’s
eastern suburbs. “Comrade, comrade, how negligent of you. To lose a
seat in which there is not one but three cemeteries is unforgivable.” 

I had an uncle that lived in Wellington.  He voted Liberal all his
life until he passed away 10 years ago.  Now he votes Labor.

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#14878

Petzl <petzlx@gmail.com> wrote

> Snipped this was about negative gearing bank loans in Australia

No such animal, there are JUST mortgages which may
or may  not qualify as negatively geared depending on
the income the landlord manages to get the renter to pay
nd that isnt even possible with a very tight rental market
when the landlord can charge anything they like rent wise.

> driving homes and rents up

More of your mindless pig ignorant bullshit.

<reams of your pig ignorant shit flushed where it belongs>

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#14879

On Wed, 19 Feb 2025 19:24:41 +1100, "Rod Speed"
<rod.speed.aaa@gmail.com> wrote:

>Petzl <petzlx@gmail.com> wrote
>
>> Snipped this was about negative gearing bank loans in Australia
>
>No such animal, there are JUST mortgages which may
>or may  not qualify as negatively geared depending on
>the income the landlord manages to get the renter to pay
>nd that isnt even possible with a very tight rental market
>when the landlord can charge anything they like rent wise.
>
>> driving homes and rents up
>
>More of your mindless pig ignorant bullshit.
>
><reams of your pig ignorant shit flushed where it belongs>
>
Coming from someone heading to Turkey while a European war hot's up
Take care Rod I for one would miss you!
-- 
Petzl 
Stalin has decreed that murder is a capitalist disease; there is no 
murder in a communist paradise. The soviet governments job was to 
shoot and kill anyone who had proof of something different 

"Our" government and media decree that this "secular multiculturalism 
paradise" does not have immigrant crime and remove anyone stating 
different!. 

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#14880

Petzl <petzlx@gmail.com> wrote
> Rod Speed <rod.speed.aaa@gmail.com> wrote
>> Petzl <petzlx@gmail.com> wrote

>>> Snipped this was about negative gearing bank loans in Australia

>> No such animal, there are JUST mortgages which may
>> or may  not qualify as negatively geared depending on
>> the income the landlord manages to get the renter to pay
>> nd that isnt even possible with a very tight rental market
>> when the landlord can charge anything they like rent wise.

>>> driving homes and rents up

>> More of your mindless pig ignorant bullshit.

>> <reams of your pig ignorant shit flushed where it belongs>

> Coming from someone heading to Turkey

Taint me doing that, fuckwit, as I said right from the start.

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#14881

On Wed, 19 Feb 2025 19:54:12 +1100, "Rod Speed"
<rod.speed.aaa@gmail.com> wrote:

>Petzl <petzlx@gmail.com> wrote
>> Rod Speed <rod.speed.aaa@gmail.com> wrote
>>> Petzl <petzlx@gmail.com> wrote
>
>>>> Snipped this was about negative gearing bank loans in Australia
>
>>> No such animal, there are JUST mortgages which may
>>> or may  not qualify as negatively geared depending on
>>> the income the landlord manages to get the renter to pay
>>> nd that isnt even possible with a very tight rental market
>>> when the landlord can charge anything they like rent wise.
>
>>>> driving homes and rents up
>
>>> More of your mindless pig ignorant bullshit.
>
>>> <reams of your pig ignorant shit flushed where it belongs>
>
>> Coming from someone heading to Turkey
>
>Taint me doing that, fuckwit, as I said right from the start.
>
Good news, make a few more beers, sounds good
-- 
Petzl 
Jesus “taught with authority” (Matthew 7:29), and the risen Lord gave
his Apostles a share in his authority when he commissioned them to
make disciples from all the nations by teaching what he had commanded
them (Matthew 28:18–20).

Tiberius Caesar who reigned for 22 years, 
and his last year was AD 37. wrote: 
"The extremities of Spain, the various parts of Gaul, the regions of 
Britain which have never been penetrated by Roman arms, have received 
the religion of Christ." 

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#14882

In <op.217kcmptbyq249@pvr2.lan> Rod Speed <rod.speed.aaa@gmail.com> wrote
>
> Petzl <petzlx@gmail.com> wrote
>> Rod Speed <rod.speed.aaa@gmail.com> wrote
>>> Petzl <petzlx@gmail.com> wrote
>
>>>> Snipped this was about negative gearing bank loans in Australia
>
>>> No such animal, there are JUST mortgages which may
>>> or may  not qualify as negatively geared depending on
>>> the income the landlord manages to get the renter to pay
>>> nd that isnt even possible with a very tight rental market
>>> when the landlord can charge anything they like rent wise.
>
>>>> driving homes and rents up
>
>>> More of your mindless pig ignorant bullshit.
>
>>> <reams of your pig ignorant shit flushed where it belongs>
>
>> Coming from someone heading to Turkey
>
> Taint me doing that, fuckwit, as I said right from the start.

You can't afford to go to Turkey.  Hell, you probably can't even afford to buy one.

[toc] | [prev] | [next] | [standalone]

#14883

On Wed, 19 Feb 2025 11:12:45 +0000, Roderick <noreply@mixmin.net>
wrote:

>>> Coming from someone heading to Turkey
>>
>> Taint me doing that, fuckwit, as I said right from the start.
>
>You can't afford to go to Turkey.  
>Hell, you probably can't even afford to buy one.
>
Pretty sure Rod has more than a few bob on him at any time
been reading Rod Speed since 1980's he has not changed.
More often right than wrong.
Not nice to anyone though.

Turkish Airlines are now operating from Sydney to Istanbul
4 flights a week from October 2 with latest Aircraft
Apparently at very, very good prices? 
Guessing that travel to Europe will drop in price from AU
<https://www.executivetraveller.com/news/turkish-airlines-daily-sydney-istanbul-flights>
     https://t.ly/TULmx  
February 14 2025
Turkish Airlines to start daily Sydney flights
Daily flights between Sydney and Istanbul will run via Kuala Lumpur,
with non-stop flights soon to follow...
-- 
Petzl  
Gough Whitlam when Joe Riordan lost the seat of Philip in Sydney’s
eastern suburbs. “Comrade, comrade, how negligent of you. To lose a
seat in which there is not one but three cemeteries is unforgivable.” 

I had an uncle that lived in Wellington.  He voted Liberal all his
life until he passed away 10 years ago.  Now he votes Labor.

[toc] | [prev] | [next] | [standalone]

#14884

Petzl <petzlx@gmail.com> wrote

>>>> Coming from someone heading to Turkey

>>> Taint me doing that, fuckwit, as I said right from the start.

> Pretty sure Rod has more than a few bob on him at any time

Yep, completely trivial to afford that trip
or any other world wide if I wanted to do it.

> been reading Rod Speed since 1980's he has not changed.
> More often right than wrong.
> Not nice to anyone though.

I have been nice to plenty now long gone.

> Turkish Airlines are now operating from Sydney to Istanbul

And Melburg too. That suits my mates better even
tho Sydney is cheaper, because they drive to Melburg
and stay with the relos overnight and leave the car there
while they are away in Turkey.

And Turkish Airlines fly to the eastern turkey town
where they are going so no need to hike bags at
Istanbul airport either.
'
> 4 flights a week from October 2 with latest Aircraft

They have been flying from here for years now.

> Apparently at very, very good prices?

Not the cheapest but certainly were as cheap as any
others when we first started looking but have now
hiked by 10% and the others at the low end havent.

> Guessing that travel to Europe will drop in price from AU
> <https://www.executivetraveller.com/news/turkish-airlines-daily-sydney-istanbul-flights>
>      https://t.ly/TULmx
> February 14 2025
> Turkish Airlines to start daily Sydney flights

They have been doing flights from AU for a while now.

> Daily flights between Sydney and Istanbul will run via Kuala Lumpur,

Flights from Melburg go via Singapore and some others like
Qantas/BalikAir via Indonesia. They prefer Singapore.

> with non-stop flights soon to follow...

They dont care, they quite like the stopover in Singapore
given they gave 3 kids, the oldest just started highschool
this year and the youngest at the bottom of primary
school who is a fierce  little fella.

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#14868

On 2/17/2025 3:00 AM, J White wrote:
> Australia’s government will ban foreign investors from buying established
> houses for the next two years as part of an election pitch to tackle
> surging home prices.
> 
>  From April 1, foreign investors will be banned from buying established
> property until March 31, 2027, Housing Minister Clare O’Neil said in a
> statement Sunday. The restriction will then be reviewed to determine
> whether it should be extended.
> 
> Australia’s housing is some of the most unaffordable in the world and
> soaring property prices will be a key election issue amid a broader cost-
> of-living crisis, especially among young voters who fear they’ll never be
> able to buy a home.
> 
> In Sydney, housing values have jumped almost 70% over the past 10 years,
> with the median dwelling price now around A$1.2 million ($762,000),
> according to property consultancy CoreLogic Inc. Rents have also been
> climbing.
> 
> Still, the ban is likely to have only a marginal effect on prices.
> Overseas investors bought A$4.9 billion of residential real estate —
> including vacant land, new and established dwellings — in the 12 months
> ended June 30, 2023, according to the Australian Taxation Office.
> Established dwellings accounted for about one third of the total.
> 
> The tax office will be given extra funding to help enforce the ban, O’Neil
> said Sunday.
> 
> The government’s move to ban foreign purchases of established houses
> matches a pledge by opposition leader Peter Dutton made last year. An
> election must be held by May 17, and polls show it will be a close fight,
> with cost-of-living concerns and housing among the top three issues.
> 
> https://fortune.com/2025/02/16/australia-housing-foreign-investor-ban-
> home-prices-rent/


Similar happening in this country.  A developer put up 200 new houses 
and half were bought by investment firms.  They will rent them out and 
are driving up rental prices.

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#14870

On Mon, 17 Feb 2025 08:29:31 -0500, Ed P <esp@snet.n> wrote:

>> 
>> https://fortune.com/2025/02/16/australia-housing-foreign-investor-ban-
>> home-prices-rent/
>
>Similar happening in this country.  A developer put up 200 new houses 
>and half were bought by investment firms.  They will rent them out and 
>are driving up rental prices.
>
Price of housing and rents can be controlled (lowered) by raising the
"Capital Gains tax" on negative gearing.
Just as putting Tariffs on imported goods can increase employment with
GOOD well paying jobs
Australian Manufacturing, would return to Australia,

The REAL problems in housing unaffordability was started by John
Howard in 1999 by cutting "CAPITAL GAINS TAX" from (check
https://t.ly/2FKyw) example, 50% to 25% which, IMO, made negative
gearing a guaranteed easy money scam.
Property prices started increasing and escalating faster and faster.
At 50% it was still a reasonable investment at 25% it's a money making
scam.
Federal Parliament has 435 politicians and only 12 have not declared a
negative geared property portfolio!
the link below explains most.
https://youtu.be/iqUFERBJwoY 

If one has a good reliable stable income "negative gearing." is done
by approaching a bank for a loan on rental property, that includes all
repayments, insurance (bundled together),  for the time of the loan.``
A bank is only concerned about one's ability to reliably pay  the
interest.
Ones interest rates are tax deductible, 
one has to include rent as income.
To find out more ask your bank and or financial advisor.
Many invest in multiple properties/homes depending on their income
from your employment (this particularly includes politicians).
This suggests to me politicians need mass immigration to supply home
renters and squalid rental homes for them to live in.
-- 
Petzl 
ALWAYS Vote oligarchies Coalition, Labor, "Greens" One Nation.
*LAST*, Federal State and Council! 
“Everything that defines us is now an enemy, 
so they attack national identity, they attack religious identity, 
they attack gender identity, they attack family identity.
I can’t define myself as Italian, Christian, woman, mother, no. 
I must be citizen x, gender x, parent 1, parent 2. 
I must be a number, because when I am only a number, 
when I no longer have an identity or roots, 
then I will be the perfect slave at the mercy of financial speculators.
: - Italian Prime Minister Giorgia Meloni

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#14871

Petzl <petzlx@gmail.com> wrote
> Ed P <esp@snet.n> wrote

>>> https://fortune.com/2025/02/16/australia-housing-foreign-investor-ban-
>>> home-prices-rent/

>> Similar happening in this country.  A developer put up 200 new houses
>> and half were bought by investment firms.  They will rent them out and
>> are driving up rental prices.

> Price of housing and rents can be controlled (lowered) by raising the
> "Capital Gains tax" on negative gearing.

There is no capital gains tax on negative gearing.

There is JUST a lower capital gains tax on longer financial investments
and its there because its impossible to separate real capital gain from
inflation of that financial investment. Nothing to do with negative  
gearing.

> Just as putting Tariffs on imported goods can increase employment with
> GOOD well paying jobs

More mindless bullshit, particularly when doing that
sees reciprical tariffs on what is already GOOD well
paying jobs like in the mining industry, beef exports,
other high value food like lobsters and wine.

> Australian Manufacturing, would return to Australia,

BULLSHIT

And what was manufactured here like cars were
steaming turds like cars and domestic appliances.

<reams of your pig ignorant repetetive shit flushed where it belongs>

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#14872

On Tue, 18 Feb 2025 09:03:25 +1100, "Rod Speed"
<rod.speed.aaa@gmail.com> wrote:

>>> Similar happening in this country.  A developer put up 200 new houses
>>> and half were bought by investment firms.  They will rent them out and
>>> are driving up rental prices.
>
>> Price of housing and rents can be controlled (lowered) by raising the
>> "Capital Gains tax" on negative gearing.
>
>There is no capital gains tax on negative gearing.
>
>There is JUST a lower capital gains tax on longer financial investments
>and its there because its impossible to separate real capital gain from
>inflation of that financial investment. Nothing to do with negative  
>gearing.
>
The voice of "god" Rod Speed and his "ouija board"
<https://www.suburbsfinder.com.au/capital-gains-tax-calculator-know-how-much-should-you-pay/>
   https://t.ly/K4997   
Capital Gains Tax Calculator – Know How Much Should You Pay
Are you thinking of selling a home or property? You have to pay
Capital Gains Tax (CGT) on the sale based on your taxable income. 
This CGT applies in Australia whenever you sell an investment
property, shares, or other assets at a profit. But it doesn’t apply to
most personal property and items, such as your car or family home.


__ 
Petzl 
Anthony Albanese at age of 18 got a job for nine months in
commonwealth bank
<https://www.linkedin.com/posts/vern-hughes-92341119_it-is-not-true-that-anthony-albanese-has-activity-7068765502021517312-jwAC>
   https://t.ly/5jJjE 
It is not true that Anthony Albanese has never held a real job. He
worked in the Commonwealth Bank for 9 months when he was 18. 

Albo's replacement at Commonwealth Bank
https://youtu.be/hWemeervqhA?si=-M7SWX55dyWD_ked
just push"F5" to remove advert

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#14873

Petzl <petzlx@gmail.com> wrote
> Rod Speed <rod.speed.aaa@gmail.com> wrote

>>>> Similar happening in this country.  A developer put up 200 new houses
>>>> and half were bought by investment firms.  They will rent them out and
>>>> are driving up rental prices.

>>> Price of housing and rents can be controlled (lowered) by raising the
>>> "Capital Gains tax" on negative gearing.

>> There is no capital gains tax on negative gearing.

>> There is JUST a lower capital gains tax on longer financial investments
>> and its there because its impossible to separate real capital gain from
>> inflation of that financial investment. Nothing to do with negative
>> gearing.

> <https://www.suburbsfinder.com.au/capital-gains-tax-calculator-know-how-much-should-you-pay/>
>    https://t.ly/K4997
> Capital Gains Tax Calculator – Know How Much Should You Pay
> Are you thinking of selling a home or property? You have to pay
> Capital Gains Tax (CGT) on the sale based on your taxable income.
> This CGT applies in Australia whenever you sell an investment
> property, shares, or other assets at a profit. But it doesn’t apply to
> most personal property and items, such as your car or family home.

Says absolutely NOTHING about NEGATIVE GEARING

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#14874

On Tue, 18 Feb 2025 10:51:03 +1100, "Rod Speed"
<rod.speed.aaa@gmail.com> wrote:

>Petzl <petzlx@gmail.com> wrote
>> Rod Speed <rod.speed.aaa@gmail.com> wrote
>
>>>>> Similar happening in this country.  A developer put up 200 new houses
>>>>> and half were bought by investment firms.  They will rent them out and
>>>>> are driving up rental prices.
>
>>>> Price of housing and rents can be controlled (lowered) by raising the
>>>> "Capital Gains tax" on negative gearing.
>
>>> There is no capital gains tax on negative gearing.
>
>>> There is JUST a lower capital gains tax on longer financial investments
>>> and its there because its impossible to separate real capital gain from
>>> inflation of that financial investment. Nothing to do with negative
>>> gearing.
>
>> <https://www.suburbsfinder.com.au/capital-gains-tax-calculator-know-how-much-should-you-pay/>
>>    https://t.ly/K4997
>> Capital Gains Tax Calculator – Know How Much Should You Pay
>> Are you thinking of selling a home or property? You have to pay
>> Capital Gains Tax (CGT) on the sale based on your taxable income.
>> This CGT applies in Australia whenever you sell an investment
>> property, shares, or other assets at a profit. But it doesn’t apply to
>> most personal property and items, such as your car or family home.
>
>Says absolutely NOTHING about NEGATIVE GEARING
>
It explains what Capital gains, one will pay on selling a 
negative geared property
Bur thwn you knew that.
-- 
Petzl 
Rod Speed help 24/7
https://www.sensationbot.com/jschat.php?db=rodspeed

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#14875

Petzl <petzlx@gmail.com> wrote
> Rod Speed <rod.speed.aaa@gmail.com> wrote
>> Petzl <petzlx@gmail.com> wrote
>>> Rod Speed <rod.speed.aaa@gmail.com> wrote

>>>>>> Similar happening in this country.  A developer put up 200 new  
>>>>>> houses
>>>>>> and half were bought by investment firms.  They will rent them out  
>>>>>> and
>>>>>> are driving up rental prices.

>>>>> Price of housing and rents can be controlled (lowered) by raising the
>>>>> "Capital Gains tax" on negative gearing.

>>>> There is no capital gains tax on negative gearing.

>>>> There is JUST a lower capital gains tax on longer financial  
>>>> investments
>>>> and its there because its impossible to separate real capital gain  
>>>> from
>>>> inflation of that financial investment. Nothing to do with negative
>>>> gearing.

>>> <https://www.suburbsfinder.com.au/capital-gains-tax-calculator-know-how-much-should-you-pay/>
>>>    https://t.ly/K4997
>>> Capital Gains Tax Calculator – Know How Much Should You Pay
>>> Are you thinking of selling a home or property? You have to pay
>>> Capital Gains Tax (CGT) on the sale based on your taxable income.
>>> This CGT applies in Australia whenever you sell an investment
>>> property, shares, or other assets at a profit. But it doesn’t apply to
>>> most personal property and items, such as your car or family home.

>> Says absolutely NOTHING about NEGATIVE GEARING

> It explains what Capital gains, one will pay on selling a
> negative geared property

It applys to selling ANY property, not just negative geared property,  
fuckwit.

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