That points out the basic problem. A large proportion of the country make their money through building and or infrastructure. As the apartment building slows then this will increase unemployment causing a recession causing further housing price falls and failure of the numerous cafes etc.To underpin your and my beliefs, even the experts are getting nervous.
https://www.smh.com.au/business/the...ed-alone-in-an-apartment-20190112-p50qzh.html
That points out the basic problem. A large proportion of the country make their money through building and or infrastructure. As the apartment building slows then this will increase unemployment causing a recession causing further housing price falls and failure of the numerous cafes etc.
Combine this with the disruptive effects on retail through the internet, we could have a few problems coming up.
I’d rather we weren’t in this situation in the first place but reality is that for first home buyers there’s one thing even worse than high prices and that’s being unemployed.I personally think a perfect storm is coming
A gradual correction is what we need. Slow and steady not a crash.
I’d rather we weren’t in this situation in the first place but reality is that for first home buyers there’s one thing even worse than high prices and that’s being unemployed.
A disorderly collapse which takes down countless businesses and jobs with it isn’t going to help anyone not sitting on a big pile of cash and that’s not your average first home buyer.
A gradual correction is what we need. Slow and steady not a crash.
I can't see the problem really.
Business employs people. Housing doesn't.
I can't really see the problem of the proposed ng changes and personally I think panic has been rustled up by a scare campaign from "the other side" without much foundation.
Those who are currently ng'ing can continue to do so, new properties which is where the construction jobs are will continue to be eligible for ng and more housing will be available for owner occupiers.
I can't see the problem really.
Silly is your attempt to selectively quote one sentence and take it out of context in your reply.That’s got to be one of the silliest statements I have seen on this forum.
As rumple rightly pointed out, housing creates many layers of business activity, and supports a wide array of primary, manufacturing and trade industries.
My concern is simply about the scale.I can't really see the problem of the proposed ng changes and personally I think panic has been rustled up by a scare campaign from "the other side" without much foundation.
Silly is your attempt to selectively quote one sentence and take it out of context in your reply.
Investors who negatively gear empty apartments and leave them empty aren't employing anyone.
They are merely sending me a tax bill every year. I want better value for my money.
So building that apartment didn’t employ anyone? I bet it employed more people than if that person bought a bar of gold.
They aren’t sending you a tax bill, they are just sending a smaller tax check than they otherwise would have to.
I think what he's getting at is the lost tax revenue due to negative gearing. Tax revenue which will have to be made up/gained elsewhere.
Well that's what smurph and I think, many think there won't be a problem, others say bring it on as long as it drops prices in Sydney and Melbourne.
I personally think a perfect storm is coming, unless silly Billy does the biggest back flip, in history.
I would have thought, it is because of the pending changes to CG, I know I would be selling if I was sitting on a decent capital gain.Plenty of rentals vacant in WA at the moment even more for sale
Do we blame Scomo for this or are you waiting for an election.
You’ve never worked in a gold mine!So building that apartment didn’t employ anyone? I bet it employed more people than if that person bought a bar of gold.
They aren’t sending you a tax bill, they are just sending a smaller tax check than they otherwise would have to.
You’ve never worked in a gold mine!
No they are sending me a tax bill because they are using NG to artificially lower their tax liability.So building that apartment didn’t employ anyone? I bet it employed more people than if that person bought a bar of gold.
They aren’t sending you a tax bill, they are just sending a smaller tax check than they otherwise would have to.
No they are sending me a tax bill because they are using NG to artificially lower their tax liability.
And I bet that apartment building would've been built with or without NG.
As for the bar of gold.. you show me yours I'll show you mine
BTW your bank profits being directed to employees/depositors theory has one major obstacle - greed.
Last time I checked - the NAB are axing 6000 jobs.
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