Mastodawn

Our Federal Government is run by the grubbiest politicians in Australia. The grifters are part of both major parties and both major parties have a vested interest to keep the status quo. Kind of like #negativegearing #capitalgains #housing they only want to see solutions to protect their housing investments. The fox is in the chicken house. #auspol #lnp #labor
From: @abcfeeds
https://rssfeed.media/@abcfeeds/115068253114119043

ABC Feeds (@abcfeeds@rssfeed.media)

Anti-corruption advocate calls for greater scrutiny over political lobbyists Lobbying has become big business, with around 727 lobbyists registered in the national capital, more than three times the number of elected officials sitting in parliament. https://www.abc.net.au/news/2025-08-22/calls-for-greater-scrutiny-over-political-lobbyists/105678762 #BusinessandIndustryRegulation #Industry #BusinessEconomicsandFinance

RSSFeed Media

Mojo ♻️3d ago

Investors enjoy billions in tax perks while first home buyers are pushed further out of reach. Negative gearing and CGT discounts aren’t “housing policy” — they’re handouts to the wealthy. A fairer system would redirect this money into public and affordable housing, giving everyone a chance at a secure home.

#auspol #housing #inequality #negativegearing #fairgo

https://amp.9news.com.au/article/7c471643-8377-4927-9575-acddb6b5d297

Economic summit urged to overhaul tax concessions 'hurting ordinary Aussies'

9News

Show thread

Mojo ♻️4d ago

These two can’t both be true:

On one hand, negative gearing is supposedly inconsequential to housing supply, rental stock, or renters.
On the other, investor borrowing—supercharged by tax perks like negative gearing—is literally choking out first-time buyers from homeownership.
And let’s not forget Victoria. Despite tougher land taxes and investor levies, there’s been no mass exodus of landlords and no collapse in rental availability. So much for the scare campaign that “reform will kill rentals.”

One of these stories is full of it. And it’s not the one showing how investors are flooding the market.

I wonder how many negatively-geared properties the author owns?

#auspol #NegativeGearing #HousingCrisis #FirstHomeBuyers #ausmedia

Mojo ♻️4d ago

This Sinclair Davidson op-ed* insists that scrapping negative gearing won’t solve the housing crisis—and is simply ideological fluff. It claims “reforming” the scheme won’t build a single home, won’t help a single renter, and will only make life tougher for “small investors,” while claiming state governments benefit from high prices via tax revenue and thus oppose affordability reform.

https://www.crikey.com.au/2025/08/15/negative-gearing-australia-reform-housing-crisis-sinclair-davidson/

But hold up—just next door, a Guardian headline reports property investors borrowed a record $130 billion in the year to June 2025. They’re hogging the market, pushing out first-time buyers—116,000 new FHB mortgages issued vs nearly 200,000 investor loans, the highest level for landlords since 2022.

https://www.theguardian.com/australia-news/2025/aug/15/australian-property-investors-squeezing-out-first-time-buyers-as-record-borrowing-and-rate-cuts-drive-purchases

#auspol #NegativeGearing #HousingCrisis #FirstHomeBuyers #ausmedia

Should we scrap negative gearing? No, it will do nothing to solve Australia’s housing crisis

'Many people who negatively gear are on middle incomes, such as teachers, nurses, police officers and small-business owners. They are not speculating on mansions in Toorak.'

Crikey

Mojo ♻️6d ago

The ultra-wealthy have milked Australia's broken tax system for too long. Today, we must confront how negative gearing, CGT discounts, generous super tax perks, and the absence of inheritance taxes disproportionately benefit the richest Australians. Meanwhile, essential public services and housing suffer.
It’s time to shift the burden back onto those who’ve benefited most. Tax reforms like limiting super tax concessions for massive balances, scaling back property and capital gains loopholes, and finally introducing a fair wealth or inheritance tax aren’t radical—they’re long overdue.
A truly equitable society isn’t achieved through giveaways to the rich, but by ensuring all Australians pay their fair share. Justice demands no less.

#TaxJustice #FairShare #Australia #auspol #negativegearing #taxtherich

https://www.theguardian.com/commentisfree/2025/aug/16/the-ultra-wealthy-have-exploited-australias-tax-system-for-too-long-its-time-to-ensure-everyone-pays-their-fair-share

The ultra-wealthy have exploited Australia’s tax system for too long. It’s time to ensure everyone pays their fair share

When the very wealthy pay less tax than a bus driver or an aged care worker, something is very wrong

The Guardian

Mojo ♻️6d ago

The Housing Industry Association’s opposition to curbing negative gearing doesn’t stack up. Victoria has hit investors with higher land taxes and other levies, yet rents haven’t exploded. The data shows investor pullback doesn’t automatically mean tenants get squeezed.

#auspol #housing #taxreform #vestedInterests #propertylobby #negativegearing

https://www.macrobusiness.com.au/2025/08/housing-industry-nonsensical-on-negative-gearing/

Housing industry nonsensical on negative gearing

The Housing Industry Association (HIA) has launched a preemptive attack on moves to curb investor tax concessions, such as negative gearing and the 50% capital gains tax (CGT) discount. Chief economist Tim Reardon claimed that “investors are vital to the goal of increasing housing stock”, claiming that “investors typically supply around a third of all

MacroBusiness

Mojo ♻️6d ago

When our national broadcaster starts echoing far-right fear mongering on housing, we should ask why. The real issue isn’t taxing ordinary homeowners — it’s vacant properties, multiple investor-owned homes, and the generous tax concessions handed to those who hoard housing. That’s where the distortion lies.

#housing #auspol #australia #vacantpropertytax #negativegearing

https://www.abc.net.au/news/2025-03-30/lost-decade-young-australians-home-ownership-per-capita/105109248?utm_source=abc_news_app&utm_medium=content_shared&utm_campaign=abc_news_app&utm_content=other

How a 'lost decade' of low wage growth stopped young Australians from buying homes

A 'lost decade' of low wage growth broke the social compact for young Australians when it comes to housing.

ABC News

stib Aug 13

Glad to see the #union movement making noise about #housing affordability, and targeting the obscene tax breaks to the wealthy that are currently built in to the system. But why the half measures? Instead of limiting #negativeGearing and capital gains handouts to one property only, we should be calling for it to be abolished entirely. Unions should know how to make ambit claims. #auspol
https://www.australianunions.org.au/campaigns/everyone-deserves-a-secure-future-through-affordable-housing/

Everyone deserves a secure future through affordable housing

We cannot continue down the same path of giving investors tax supports while ‘owning your own home’ gets further out of reach for workers and becomes nearly unimaginable for young workers.

Australian Unions