A Victorian Investor’s Lament (A Ballad in B Minor)
Cry havoc! The tyranny is here!
The state, in its wisdom, dared to tax my land.
Not just the one house, but the three… or four… spread far and near.
A bill! A statement! How dare they make a stand?
So I’ve packed my portfolios, tears upon my cheek,
Fleeing north and west, a tragic, noble flight.
To friendlier shores where coffers stay unique,
And negative gearing is a sacred, hallowed right.
But weep for Victoria! A paradise soon lost!
For who will house the renters? (At a tidy sum, of course?)
It won’t be us! We’re recklessly embossed
By the greedy, grubby first-home buyer, that new, predatory force.
Yes, they’ll live in them. The sheer audacity!
Planting gardens, paying mortgages, a truly bleak affair.
While we, the prudent, driven out by land tax lunacy,
Must simply find new states to gently… well, invest in there.
And when the rental crisis deepens (as it surely, sadly will),
Remember who they chased away with pen and paper blunt.
The saviours with a spreadsheet, who performed a public till—
Now replaced by folks who want a home. The economic runt.
#ausproperty #vicvotes #victoria
#VictorianExodus #LandTaxLunacy #InvestorsInMourning #RentersWillPay (We Promise) #FirstHomeBuyerGreed #QLDLovesMyMoney #SurvivalMode #ItsNotAnAirbnbItsACryForHelp #PropertyFeels
CRASH ALERT? Home sale prices are in freefall across 938 Australian suburbs, signalling a dramatic end to the property boom! Yet, amidst the carnage, a jaw-dropping '$19 million property trend' is quietly emerging. Is this the beginning of the end? Is the housing crash finally here?
Property Boom Fuels Surge in Aussie Millionaires
A record-high wave of Australian millionaires is being propelled by soaring property values, making home ownership the central engine of wealth building. The average dwelling price recently topped AUD 1 million nationwide, driven by escalating values across capital cities and regional markets alike. Property now makes up roughly 75% of household wealth, but many are “asset-rich and cash-poor” due to illiquidity.
This boom underscores growing wealth inequality and the challenges faced by first‑home buyers amid supply shortages, tax settings, and rising inheritance flows.
#auspop #ponzischeme #ausproperty #negativegearing #inequality #taxtherich
https://www.abc.net.au/news/2025-02-23/victoria-activity-centre-high-density-development/104969374
I don't mind the idea of having developed hubs around major train stations in suburban areas - it encourages more people to live in spaces where amenities are easy to walk to and reduce reliance on cars while incentivising public transport.
But the plan doesn't seem to tackle the general affordability of housing - I can easily imagine that this becomes another 'in-demand' category of housing that developers snap up and charge through the nose for...
#VicPol #AusProperty #property #PublicTransport #housing #Victoria #Melbourne
High-rise buildings will be fast-tracked in the centre of 10 suburban Melbourne precincts, as the Victorian government releases updated plans for areas earmarked for thousands of new homes in the coming decades.
https://www.youtube.com/watch?v=LYfotMjosds
MWM video hits the nail on the head, as always. What's hilarious is that it's actually praising a Liberal housing policy, even if it's a weak & temporary solution.
Australians brace for another wave of defective apartments. Buying a new high-rise apartment is turning into a game of financial Russian Roulette.
#HousingCrisis #AUSproperty #Auspol
https://www.macrobusiness.com.au/2024/10/australians-brace-for-second-boom-in-defective-apartments/
Buying a new high-rise apartment in Australia is a game of financial Russian Roulette. The second half of last decade saw the greatest high-rise construction boom in Australia’s history. In recent years, hundreds of these buildings have been required to remove potentially combustible cladding, at a cost of millions of dollars. There have also been
Australians pay the highest fees globally to sell their homes online, with realestate.com.au charging up to $4,000 for a single listing. Controlled by News Corp, these prices are now over 50 times higher than they were 15 years ago, sparking complaints from vendors and agents.
#realestate #housingmarket #newsCorp #australianhousing #propertylisting #australia #ausproperty
https://www.theguardian.com/australia-news/2024/sep/16/real-estate-website-fees-australia
ANZ's new 50-year mortgage proposal has been labelled a dangerous option that Australians should "avoid at all costs." Experts warn it could leave borrowers "shackled" with debt, potentially costing them hundreds of thousands of dollars in the long run. #MortgageWarning #FinancialAdvice #ANZ #DebtAwareness #FinanceTips #AustralianHousing #AvoidDebt #Auspol #PonziScheme #BetterNotBigger #Ausproperty
Blaze Trends
Mojo ♻️
Mencari News
Chis-R 🐟