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U bank is the best card

WRONG. The Biggest Evil is the Lack of Mining Taxation. Why are you not addressing this ??

Betashares are $0 buy/sell for any ETFs

Also some interesting income and growth investment opportunities in the healthcare REIT space. HCW and REP are worth looking into.

I dont know why people discuss how to solve housing as though we just arent aware of what to do. Its not the point. The housing crisis is a result of 30 years of policies to serve one purpose: increase house prices. Every. Single. Policy. Whether its negative gearing, capital gains tax, immigration, home buyers grants, whatever... they all serve the same purpose. So as long as whatever strategy you propose will drive prices lower, it wont happen without some huge populist movement. And if a policy initially seems to help, and is introduced, just flesh it out and it likely simply ends up having that same purpose. Drive house prices up. So you dont have to be some kind of philosopher or political scientist thinking "oh this would help" or "why havent they done these simple things", you are an idiot. You dont understand. This is easy to solve, but its gotten this way because we have literally spent 30 years with the sole purpose to drive prices up. Thats it.

Commercial property redeveloped for residential use, fair bit of commercial sites vacant at the moment

Just print more money to make problems bigger...or start working and developing. Is not just Australia, the whole West has the same problems. We think we are special and someone else should do all the work.

Wise 👍🏽 Also Macquarie Bank Debit is great for Aus & Europe. But did not work at all in Vietnam (pos or atm)

The root of all evil is corrupt, honour-less politicians.

Renting part of your house makes part of the house subject to capital gains tax when sold. That could cost more than any reduction in pension.

Our government creates scarcity with mass immigration (net 517k last year in a population of 26M, compared to an average of 190k). They WISH we would build more houses and practically give developers land for free (if they're cronies), but labour is expensive and huge rises in material costs have sent hundreds of our medium-sized firms bust. Plus it's the inner-city/major suburban housing that is most expensive, places that people really want to live, where you're competing with (in Sydney) a MEDIAN salary of 108k/yr. Put it all together and it's nothing to do with red tape on building.

So many vacent properties in Australia, but they love seeing prices rise.

As a property investor if they were to remove negative gearing I would be jacking my rent 30% + to cover expenses. Also ask the question and give info, that how much the government receives from positive geared housing vs negative geared. You would find that positive geared housing that the government taxes are received are substantial, not to mention the taxes they receive from stamp duties and CGT. You get into the market for the long term growth and positive cash flow. You don't get into investing for a loss. The investor is taking the risk so the negative gearing assist the asset owner in providing that housing till it becomes positively geared. No different to any good and service. You don't get into business to loose money.

Negative gearing doesn’t bring the price of rent down. It does however allow so much money to be pumped into the housing market that prices are largely unaffordable, investors compete mostly over the same stock of housing, raising prices, which brings the price of rent up as speculators try cover their mortgages. If negative gearing was only applied to new builds, then great, expand supply. But the current system is just a shameless cash grab for the wealthy.

Great chat 🎉

Let's be honest. Who wants a stranger moving into their spare room?

Charlie Munger, the parasite.

I've traveled to Sydney for all the Storm grand finals and the odd one or two others in between so I get to see the town every three or four years on average. In 1999, Sydney was absolutely buzzing! Can say the same for 06, 08 and 12 too. Exciting place to be. The past few trips up, the town is dead. I think the lockout laws killed the vibe and it never recovered

I'm a noob, how on earth do you use the debt on your house to make money?

Stepping back a bit... do we need incentives to make housing a less attractive investment asset? People could still make money on the stock market or other investments, but leave housing alone - there are too many problems when allowed to bubble up. Some EU countries have done this I believe

Remove negative gearing. Remove stamp duty. Rent freezes.

Need to get rid of stamp duty full stop.

100% we need to incentives downsizing, remove stamp duty for retirees or people over 60 on their primary residency. 80% of the houses in my street in the west only have 1 person living in them with =>3 bedrooms... We can't afford to wait 15-20 years until they die...

Policymakers should consider: 1. Foreign investors: Introduce stricter regulations on foreign ownership, enforce rules requiring a higher percentage of units in new developments to be sold to local buyers, and close loopholes allowing foreign investors to purchase established properties. 2. Banks and lending practices: Encourage banks to offer innovative and flexible lending products to make homeownership more accessible (eg. rent-to-buy, and shared equity loans). 3. Government regulations and planning: Reform restrictive zoning laws and planning regulations, streamline the approval process for new developments, and invest in infrastructure projects in outer suburban areas to relieve pressure on inner-city housing markets. A multi-faceted approach targeting these issues could help create a more balanced and equitable property market.

Ren's policy recommendations regarding pensioners, Airbnb, and investments could be problematic. Forcing pensioners to rent out spare rooms or downsize infringes on their property rights and may lead to safety concerns. Changes to the pension asset test could unfairly penalise them. Removing negative gearing for short-term rentals might discourage property investment, reduce housing supply, and hurt the tourism industry. Pressuring pensioners to downsize could drive up prices for smaller homes and exacerbate the issue of housing being viewed as an investment rather than a basic need.

Sorry guys. Absolute non starter the empty bedrooms. Who wants a complete stranger living with them when they have kids, are elderly, a couple etc.

i dont think a lot of people bothered with the census night

The governing factors here are: 1. Debt to average income when buying a house in Sydney to live in, is at enslavement levels. 2. Yeid on property after accounting for costs maitennence and real not nominal inflation is negative - You are actually going backwards = Enslavement 3. The reserve through the goverment is printing money out of thin air / issuing cash insentives for the "benifit" of the marginalised population. This is in the form of grants subsidies and many other scheams all of which flow into assets like property and equites that then perpetuate price rises in those assets and G and S as a whole( cause if Inflation). 4. Those who have access to capital to borrow against their assets to buy more assests are incentivised to do so using mechanisums like negative gearing thus perpetuating capital price growth in assest like housing stock making their whole on class richer through the Cantillion Effect. Conclusion: Rampent money printing is making the 5% richer and the 95% pooer

Individuals living in cars due to partial homelessness result from a complex interplay of factors. High housing costs relative to income, stagnant wages, and income inequality drive this issue. Job loss, weak social support, medical expenses, evictions, and lack of affordable housing also contribute, while systemic problems and inadequate policies further perpetuate the phenomenon.

Of these Dividend Darlings, what would be the franked % across the 12 securities?

Many more of these please. They are a great way to learn for beginners and also a good way to track how your portfolio stacks up as well Keep it up Legends 👍🏽✊🏽

Thanks!

It's coming next year.... Or the year after that. I still see people having near death experiences on the latest version so no, I don't care about their data if the whole thing is fundamentally flawed. Speaking to people who actually understand the domain on a ML level it's still very far away. And we're best off referring to more competent car companies like Mercedes are already ahead in terms of levels of autonomous driving. So we can all hop of the hype train and let Tesla stock crash to fundamental levels? Sorry for your bags.

Negative gearing only for one property, and not giving investors the ability to have a string of negative geared property.

Its how banks create money.... no mortgage... no money creation...

It’s not an Australian issue. It’s in every country where land is privatised and able to be speculated upon. It’s so obvious and a clear cycle. Just look back to how Canberra was originally founded, under a lease system.

If you don't already own a house there's no point even trying any more. Young people have no stake in the future any more, so good luck trying to motivate them to be productive. It's the bare minimum, if that, from now on from our young workers.

How do i get insurance when i put my tesla into this mythical robo taxi network? Asking for a friend...

It’s all government created inflation (money printing) Houses aren’t worth more, your dollars are worth less.

The housing crisis has been decades in the making, it has not suddenly come upon us. No doubt, in the entire time of this emerging crisis, we have had a housing/urban planning(whatever title the government of the day decides to call that department) minister and an entire department of ‘highly qualified’ public servants at their disposal to plan ahead and negate exactly these kind of crises. I want to know, given the huge resources of funding (hundreds of millions/billions of tax payer dollars?) and the hundreds of public servants that work in that department, how successive governments have let housing get to crisis point? Who is responsible for letting it get to crisis point and what consequences are they going to face for their negligence and ineptitude on this matter over decades? The answer of course is no one and nothing. The government is just a business with no incentive to deliver agreed upon services, because their customers pay them under threat of incarceration. Stop voting, stop legitimising them, they are our enemy, not immigrants, not China or Russia, our government is our number one enemy.

The youknowwhos have decimated our manufacturing capabilities and the only way to up our gdp every year is negative gearing . People like josh frydenegg head of the vampire squid about to be re a lected are responsible. The youknowwhos.

Chin and Singh are buying everything and replacing everyone else. Their gov are helping them

It's a tough call on who's been the worst CEO in the past 20 years. But certainly, Bob Iger and Jeff Immelt are top on that list.

Amazing a company can confidently make money when a fair portion of their customers die from their product in a totally provable way. Imagine an airline where that happened.

"Better people" says it all really haha.. Australian neoliberals. What a despicable mentality.

Australian government gave a s...t about average Australian family if they can't buy a house.

The real root of evil is that Austrailian politicians gave a s...t to own people. Soon the Australian dream will be to leave the country... like their US bro.

It’s insane. And the government just keeps the immigrants flooding in while Aussies are already struggling to find affordable accommodation

not a lucky country anymore, more and more people will move off shore to affordable countries.

All we want is a place to call home and to be able to afford a home ,the cost of houses is ludicrous ,the real estate industry are killing it at present.something has to give eventually .