How about limit the number of property you can negative gear for those Mom and Dad investors (as Scott Morrison keep reminding us it will affect the most), and treat anyone else with more than one investment property as business investors and charge business tax accordingly.
If negative gearing was phased out over a decade or so, many Bank's would send out mortgagee foreclosure letters and those investors on 80-95s LVR's would have to sell as income + negative gearing access would plummet. Good thing for Australia.
It's no longer worth investing in property in Australia. Victoria being a prime example. When you subtract Land tax, rates, interest rates (higher for investment), property prices, property damage and this uncertainty. Why bother? Slowly investors will leave, bigger projects won't happen, less housing will be built. Rent will go up massively and housing will continue to go up. Ultimately, I blame the banks & government. They're the ones who control the lending, release of land, immigration.
Property shouldn't have been encouraged to be a investment tool to begin with.It should have been encouraged to have as much people become a owner occupiers like Singapore, for example.
It doesn't matter; governments need tax, so their days are numbered. Add to that, property prices have had their run; over the next 5 years, they will slowly fall.
@@anthonycoyle2889 there are markets within markets. You buy a house when investing in a street, in a suburb, in a city, in a state etc…. So you every single year find a winning investment
How about limit the number of property you can negative gear for those Mom and Dad investors (as Scott Morrison keep reminding us it will affect the most), and treat anyone else with more than one investment property as business investors and charge business tax accordingly.
If negative gearing was phased out over a decade or so, many Bank's would send out mortgagee foreclosure letters and those investors on 80-95s LVR's would have to sell as income + negative gearing access would plummet. Good thing for Australia.
It won’t impact anything owners will immediately raise rent to match it .. problem is supply
It's no longer worth investing in property in Australia. Victoria being a prime example.
When you subtract Land tax, rates, interest rates (higher for investment), property prices, property damage and this uncertainty. Why bother?
Slowly investors will leave, bigger projects won't happen, less housing will be built. Rent will go up massively and housing will continue to go up.
Ultimately, I blame the banks & government. They're the ones who control the lending, release of land, immigration.
Property shouldn't have been encouraged to be a investment tool to begin with.It should have been encouraged to have as much people become a owner occupiers like Singapore, for example.
Noice
Thank you!
Thankyou! Love Junge's work and friendly approach. Happy new year Junge 🙏🏼
@ thank you! Yes she’s great 😊
It doesn't matter; governments need tax, so their days are numbered. Add to that, property prices have had their run; over the next 5 years, they will slowly fall.
@@anthonycoyle2889 there are markets within markets. You buy a house when investing in a street, in a suburb, in a city, in a state etc…. So you every single year find a winning investment
Yes they like the last time