@ the 51 minute there is discussion about charging costs for up zoning and the guest quoted in NSW infrastructure costs per unit is approx $12000. This is SO UNTRUE. In the areas around Rouse Hill and Box Hill NSW the s711 contributions to council are around $45K to $60K per unit. This is all added costs to the unit price that unsuspected homebuyers don't know about. It IS A RORT BY COUNCILS. Developers are asked to pay these contributions to council before the C C can be issued adding more costs in funding with interest costs.
Money is not meant to control people, rather it is meant to be put to work producing more money for you. You cannot build wealth without putting money in its rightful place.❤
People dont understand that the prices of things are never going back down. This inflation is deeper than we think. Those buying groceries are well aware that the real inflation is much over 10%. The increments dont match our income, yet certain investors still earn over $365,000 in stocks and assets. Wish I could accomplish that.
Very possible! especially at this moment. Profits can be made in many different ways, but such intricate transactions should only be handled by seasoned market professionals.
Some persons think inves'tin is all about buying stocks; I think going into the stock market without a good experience is a big risk, that's why I'm lucky to have seen someone like mr Brian.
New Zealand was promised 100,000 new houses with Kiwi build a couple of elections ago, a year or 2 later it was knocked on the head with under 1,500 homes built, as far as Australia is concerned, 1.2 million houses appears to be "mission impossible" for the proposed time frame but I wish them luck.
We can never build enough houses because the Federal Government will always increase immigration until the housing market breaks. Building more dwellings has never and will never solve housing affordability in Australia while this continues. Increasing construction is folly without first addressing the Federal Government's (and vested interests) addiction to immigration.
The cost to downsize is a deterrent. Give away 2% to the agent to sell the house and then give away stamp duty to buy the next property. On a 1.5mil property and subsequent 1.2mil purchase that would be $70k in costs alone.
I don't think the government will be able to reach that target, but as long as we try, that's the main thing. The government could just get the cheque book out and buy a few houses at auction in each suburb around Australia and then rent them to people on social welfare at a discounted rate. That will in effect put the construction of these 1.2m homes into the hands of the private market to get the job done. Also with the pension, include the home in the asset test for pensioners. That will encourage the oldies to downsize to get the pension, because at the moment people approaching retirement are upsizing to soak up all their cash so they get $45k a year from the tax payer. Disgusting.
Inflation is a loop cost, it affects absolutely all costs of living and business and its mostly driven by energy costs which are in turn driven by the stupidity of the government. How can we then say its our responsibility to spend less when its largely determined by grubberment directions?
So Peter want sot get rid of the CGT discount for long held property and apply it to owner occupied property as well as investment property. Good luck getting that implemented. It's grossly unfair to tax sellers on the entire capital gain in the tax year in which the property is sold, though that gain may have been accumulated over many years, often over decades. The current policy pushes sellers into the top tax bracket, muting the benefits of the CGT discount.
Liking the sound of the:- ACT/Canberra Betterment Tax Otherwise known as the Christian Porter era Value Capture. Was in his seat when that dropped, in landlord country. Incredibly offensive they took greenfields cheap house&land packages opportunity off young families who could have enjoyed the new train/bus station, shopping centre, childcare centres. Instead they were left to rent it from such landlords while they chow on rent and depreciation. Rorting taxpayers.
This guy is selective about what he supports. A land tax would help solve a lot of issues and capture revenue to pay for the programmes that seem to increase land value and see owners sell when the property could better serve the economy and society for other use. Negative gearing has completely distorted real estate values favouring investors, writing off a loss against tax has merit but it's unfortunately been built into the business model of real estate investing.
@ the 51 minute there is discussion about charging costs for up zoning and the guest quoted in NSW infrastructure costs per unit is approx $12000. This is SO UNTRUE. In the areas around Rouse Hill and Box Hill NSW the s711 contributions to council are around $45K to $60K per unit. This is all added costs to the unit price that unsuspected homebuyers don't know about. It IS A RORT BY COUNCILS. Developers are asked to pay these contributions to council before the C C can be issued adding more costs in funding with interest costs.
Money is not meant to control people, rather it is meant to be put to work producing more money for you. You cannot build wealth without putting money in its rightful place.❤
People dont understand that the prices of things are never going back down. This inflation is deeper than we think. Those buying groceries are well aware that the real inflation is much over 10%. The increments dont match our income, yet certain investors still earn over $365,000 in stocks and assets. Wish I could accomplish that.
Very possible! especially at this moment. Profits can be made in many different ways, but such intricate transactions should only be handled by seasoned market professionals.
Some persons think inves'tin is all about buying stocks; I think going into the stock market without a good experience is a big risk, that's why I'm lucky to have seen someone like mr Brian.
Finding yourself a good broker is as same as finding a good wife, which you go less stress, you get just enough with so much little effort at things
Brian demonstrates an excellent understanding of market trends, making well informed decisions that leads to consistent profit
New Zealand was promised 100,000 new houses with Kiwi build a couple of elections ago, a year or 2 later it was knocked on the head with under 1,500 homes built, as far as Australia is concerned, 1.2 million houses appears to be "mission impossible" for the proposed time frame but I wish them luck.
Kiwi Build was a fizzer
We can never build enough houses because the Federal Government will always increase immigration until the housing market breaks. Building more dwellings has never and will never solve housing affordability in Australia while this continues. Increasing construction is folly without first addressing the Federal Government's (and vested interests) addiction to immigration.
selling land to new comers has been the business since gold rush.
The cost to downsize is a deterrent. Give away 2% to the agent to sell the house and then give away stamp duty to buy the next property. On a 1.5mil property and subsequent 1.2mil purchase that would be $70k in costs alone.
Veronica and Chris, I like the guests you bring in ( for the most part)
I second that
I don't think the government will be able to reach that target, but as long as we try, that's the main thing. The government could just get the cheque book out and buy a few houses at auction in each suburb around Australia and then rent them to people on social welfare at a discounted rate. That will in effect put the construction of these 1.2m homes into the hands of the private market to get the job done.
Also with the pension, include the home in the asset test for pensioners. That will encourage the oldies to downsize to get the pension, because at the moment people approaching retirement are upsizing to soak up all their cash so they get $45k a year from the tax payer. Disgusting.
Economic investigator Frank G Melbourne Australia is following this informative content cheers Frank 😊
Inflation is a loop cost, it affects absolutely all costs of living and business and its mostly driven by energy costs which are in turn driven by the stupidity of the government. How can we then say its our responsibility to spend less when its largely determined by grubberment directions?
Need council workers that work and shorter approval wait times.
So Peter want sot get rid of the CGT discount for long held property and apply it to owner occupied property as well as investment property. Good luck getting that implemented. It's grossly unfair to tax sellers on the entire capital gain in the tax year in which the property is sold, though that gain may have been accumulated over many years, often over decades. The current policy pushes sellers into the top tax bracket, muting the benefits of the CGT discount.
Compounding problem is the utter shoddy workmanship of the Australian construction industry.
Sydney needs more traffic.
Wow, Peter Tulip eh, thats a coup. Can't wait to hear what he has to say..
Liking the sound of the:-
ACT/Canberra Betterment Tax
Otherwise known as the Christian Porter era Value Capture. Was in his seat when that dropped, in landlord country. Incredibly offensive they took greenfields cheap house&land packages opportunity off young families who could have enjoyed the new train/bus station, shopping centre, childcare centres. Instead they were left to rent it from such landlords while they chow on rent and depreciation. Rorting taxpayers.
So he's thinking that properties prices need to fall not what investors want to hear
Albo said so, so it will be a fact and you can bank that
Most of these supposed houses will be nothing more than dog boxes, poor quality dog boxes at that. Good luck Straya
Please don’t as a question that we or ready no the answer to 🤔😉😳👀😉😉
a 5 minute google search can achieve what a mortgage broker does.
This guy is selective about what he supports. A land tax would help solve a lot of issues and capture revenue to pay for the programmes that seem to increase land value and see owners sell when the property could better serve the economy and society for other use. Negative gearing has completely distorted real estate values favouring investors, writing off a loss against tax has merit but it's unfortunately been built into the business model of real estate investing.
Once I saw you've had Tulip on your channel, I'm never going to watch it again. Goodbye
No
chris looks rough
👽👽👽👽👽👽👽🇦🇺😡
No