"When rates drop, property prices will escalate!" Mark Bouris & Effie Zahos
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- čas přidán 3. 03. 2024
- Mark Bouris is joined by Effie Zahos, the Chief Content Officer & Money Commentator at InvestSMART. She was Editor-at Large of Canstar for four years and now acts as an ambassador for the comparison site. She has dedicated her career to help consumers gain a better understanding of their finances.
In this episode, Mark and Effie discuss the importance of education and market information, and the challenges first home buyers are facing in entering the property market due to affordability, and the economic burden being placed on lower-income Australians during the economic cycles.
The whole idea that people has to spend less to contain inflation is evil. People don’t print money, government does, why don’t they control spending and lower the value of the fiat currency?
Australia is full of wealthy over 60 year olds, adding to inflation, gen x who rent drive nice cars and waiting for mum and dads money , adding to inflation, overseas wealthy students, adding to inflation, divorced couple with a big chunk change each, adding to inflation and the list goes on. So let's hit the average family with 1 or 2 kids is how this whole thing works really. Complete load of BS that wealthy people can benefit from. Yet agian the " lucky country " becomes harder to get ahead in.
Because inflation is a wealth transfer mechanism for those in the know
Raise the value of fiat. Removing money out the system is the only way to really fight inflation. Outright deflation is what we need.
Idea of current interest rates is not evil. They are at normal levels now. Having low interest rate only serves the purposes of reviving a stalled economy. Low cash rate in our debt based economy actually harms the economy because it creates inflation. I flatiron is growth in money supply.
What we are seeing now with layoffs and business bankruptcies is an outcome of low interest rates for too long.
@@InfinityIsland2203 All spot on mate!!! I have a friend with two pizza shops and both shops are slowing at an alarming rate. 300 pizza's a night was normal now just 60. Another friend has 14 excavators that he hires out. This business is also going south. They both jumped on the bullwhip effect. Now the whip is losing its momentum and so are they. Along with many others. I think Simon Hunt will be correct. He has good reasoning that by 2026 we will be in 7 years of rolling recessions or possible depression. Given our central banks previous record I'd say inflationary depression.
How about we reduce the size of government, that does not produce anything, which in turn increases productivity which in turn raises the standard of living. Austrian economics 101
No, as I learnt in working in a QUANGO , the purpose of Government is to have total control over the individual.
Less or More depending on whether you are in AUS or the likes of RUS,,CHN,etc. but the aim is the same !
The government not offering a downsizer stamp duty exemption is criminal. My wife's grandmother is 90 and her house is not appropriate for her needs (2 story home) but for her to move she will cop $60,000 in stamp duty on the next purchase and the lovely real estate agent will take another $40,000 to sell her home. The transaction doesn't make sense for her. If the stamp duty was exempt on the next purchase she would sell and free up that home for a family to live in.
My mum got around this by doing the government’s house draw down payments. She uses the money to pay for a hotel and travel currently but will eventually use it to pay rent for a suitable place to live. The money she would get from renting it out would affect her pension, so she is currently letting my sister stay in it for free while she saves for a deposit on her own house.
@@Helena-ou8ryGood move. Smart Mum. And that is how the system is set up by the State and Feds, mostly State Govts constraining the supply of land for construction. Because they are too afraid to build anything !
Why would polititians remove stamp duty? It makes them so much money. In fact all the policies are designed to keep prices rising and for polititians to keep being lazy.
Mass immigration and removal of foreign buyer tax by Labor is currently driving up prices.
Real estate fees are criminal. What exactly are they doing for that $40000?
It's quite easy to sell your home yourself these days. I've avoided real estate agents commissions on my last sale and saved 35K. Just need a good conveyancer . But know your market!
The question shouldn’t be how do build wealth the question should be how do I reduce the amount of authority external circumstances have over my life . A mortgage gives authority to the bank over you , a single income stream a job gives Alot of authority to your employer . Focus on reducing your authority over you .
To do that you may have to reduce your standard of living. Most won't want or be able to !
Paying off your homeloan reduces that authority with your employer
@@Peter-zv4dx true it just takes about 20 years
All we need is a smaller government
a smaller country
Close the doors, zero immigration will solve this problem.
Would you support smaller government by way of removing handouts to property investors?
Absolutely
I have paid $15,000 for financial advisor.. it was useless!!!
WTF
Read some books.
Financial advisers are money traps to the average investor there fees are ridiculous? I went to one couple of months ago and he only was interested if my pension pot had minimum funds of $250,000?
Sh$t dude, I feel like I should just give you some for free.
1/ Gold is only good as a long term hedge against inflation and as the original international currency ( if you are intending to runaway from your country go hard here)
2/owning your own home allows you to set your housing costs in todays price.
3/ beware interest, try not to pay it and if you receive it be aware that higher amounts are usually only offered if there is great risk.
4/ cash flow of an asset is not the only concern you should worry about, how good a store of your money is it (will it be worth less than paid), does it have fees to hold, can it’s value be easily borrowed against and how costly is it to liquidate (sell).
That being said at the moment some of the biggest names in finance are saying cash isn’t a bad investment at the moment and I agree but personally only up to the $250k insured level.
They are pretty useless.
Just a bunch of one-liners
I got told this one.
"Time in the market is more important than timing the market."
It's a bunch of bullshit.
My best investments were me timing the market off the back of tracking Nancy Pelosis stock portfolio.
I bought a bunch of semiconductors, including NVID.
I'm up more than 200%
Had I listened to a financial advisor and put that in an index fund, I'd have made maybe 5%
Not exactly. If rates drop from here, it means the recession is full-blown. Your monthly repayment may go down, but you also may not have a job to support that loan at all.
People that bank on rate cuts do not have a clue how debt markets and economy works. When rates are cut it doesn't mean the banks can source money cheaper unless RBA helicopter throws free cash again which will be inflationary. During recessions, even if RBA gives free money, banks don't lend willy nilly.
Having said that however, australia property prices will absolutely skyrocket because of Albonese labor selling australian homes and opportunities to to foreign buyers and mass immigration will be again tripled. Its guaranteed. We are seeing it in action.
Not if they cut too early… it could be inflation mania all over again
@@BB-xx3dv CBA have now said 3 rate cuts this year. they were right in saying rate rises before 2024, let's see if they're right again.
Recession 😅 what rock have you been living under.
Yes exactly.. these guys ALWAYS push the buying of property (especially this woman)… they have NO IDEA about the high probability of a severe recession/depression underway🙄… that may last for many, many years.
How did we get here 😂😂😂, try governments paying themselves far to much for not doing there job and printing money that doesn’t exist 😂
Another aspect to think of is that stamp duty encourages new builds. We need to encourage new builds to ultimately reduce housing supply. We need to get rid of GST on new builds, you don't pay GST on buying existing property. First home owner grants etc should be geared towards new builds. Then downsizers have a choice to save on stamp duty by building a new property.
Increasing GST will supress the economy even further. It will hurt the poor and putting housing further out of reach. We need to review immigration and stop using housing as a investment tool. Money needs to be invested in business to create jobs for the future.
100%. It feels crazy to hear all these experts talk about property without talking about the supply side
Tax the mining corps like most wealthy nations do and much of this issue will be resolved. Why talk about raising GST or other measures that will only further raise cost of living pressures for the layperson plus increase the wealth disparity even further in this country.
Why isn’t anyone talking about the insane spending and waste on our local,state and mainly federal government ??
It's not just inflation , it's depreciation of your dollar. You need more dollars to buy the same things. Effie makes a good point about people getting financial advice however my advice is get that education yourself . I don't like bragging however this year i have seen 320% profits the only reason is i know what to do in this economic cycle.Thank you for another great show.
That’s basically what inflation is.
Agree totally however i find it is described as thing's are getting more expensive just to explain my answer .@@lubas88pl
Interest rates need to go higher not lower..
look at asia, most of them have got their rates holding about 4 05 pc higher than their inflation
No, they don't. The RBA has one lever, they cant control spending and immigration which is what needs controlling now.
You can't spend less as a government though, you might lose an election!
The fact that there is already an excessive amount of demand awaiting its absorption, despite how everyone is frightened and calling the crash, is another reason why it is less likely to occur that way. 2008 saw no one, at least not the broad public, making this forecast, as I'll explain below. The ownership rate was noted to have peaked in 2004 in the other comment. Having previously peaked in the second quarter of 2020, we are currently at the median level. Between 2008 and 2012, it dropped by 3%, and by the second quarter of 2020, it had dropped from 68 to 65.
If you dont come from a wealthy family or have money somehow, the aussie dream is dead !
Not really. I bought my first townhouse in 2016 at 26 for 335k with a 10% deposit. Then in 2021 bought my neighbours for 300k using equity. Then in 2023 bought a house for 780k with a 40% deposit. I’ve still got them all. I’m just an average bloke working as an electrician. I used to play pokies and rack nearly every weekend too.. Just made sure I saved $1000 per week, every week. I’m not trying to be some investor or anything, just wanted a house to live in for free and a couple of investments to sell later on to help fund my retirement :-)
@JET13B dude $1000 a week ! Come on who can save that ! People love to brag about how hard they worked and they didn't do it easy but won't mention hand outs from family and wealthy parents. I'm not saying u got that but if your saving 1k a week you must be on over 2k. Which your a small percentage who are doing it ok. The rest are getting screwed and are seeing nothing for it. A lot have your plan also and as good as it seems will ever have the capacity to borrow more to do so. The dream is still alive if and only if your well paid or have a wealthy family. Sorry but I just can't see any other way that helps the average family that works. It's just not there anymore.
Yeah, you’re right. I was clearing about $1,500 for a few years with no overtime. I used to do 5-10 hours of overtime every week and the company I worked for did 24/7 service, so I’d be on call for a week once every few weeks and do a bunch of after hours callouts at $200 a pop - that helped loads. I used to have a separate savings account too and every time I saved 10k, I’d put that away and start again. And I’d put all my tax returns away too, ranging from 5-15k. I’m in Canberra though, so definitely had it easier than people living in Sydney. The government is fucked though, I agree. They’ve made it extremely difficult to have a comfortable middle class life. I work for myself now and I’m not stress free, some weeks when it’s quiet I feel like breaking down not knowing where and when my next pay is coming. In a way I don’t feel sorry for us, there’s millions of us and 150 of them. If we’re too gutless to stand up for ourselves and march on Parliament House and give them all a flogging, then we’re simply just allowing it and asking for more.
@JET13B well done man at least your working and being smart with your money. House prices are an absolute joke. New generation need to forget about the hip area and live in a little less desirable area for a while to get ahead. That said this new generation doaemt care and wants it all now. Combine that with how many people the government let's in a year. Oh let's not forget foreigners buying whatever they want here also amd it all equates too high living costs. I don't blame people who pay minimum repayments and live a little. Life's to short to look at future 24.7. Plus the cost of living by then could be who knows how high. Do what's best for you I guess.
Rates are now at 30 year average levels. Any reduction is a trigger for high inflation to kick-start all over again.
Economic investigator Frank G Melbourne Australia is following this informative content cheers Frank 😊
Why can’t media get onto this like a dog and a bone to get politicians to grow some balls and make some policies to move Australia forward?!?
Unfortunately, its money. The media is struggling to stay profitable and will do what's needed to keep getting their slice of the annual advertising budget. Federal government alone spends $200 million per year on advertising. $450 million when you add the states in as well
Everyone works for a living to provide and by doing so we pay PAYG, with those after tax dollars then we have to pay GST to Eat. Then we pay additional Stamp duty Tax to have shelter? Triple dipping?
3 year federal terms are killing the country. We are in a constant election cycle. We just need some steady long term thinking. My vote is for a 5 year federal term.
fed state and locals all on the same cycle too
I also want to raise the poor job of first home buyers being aware of government schemes. The first home super saver scheme is a brilliant way to boost a house deposit and even over 1 financial year get immediate tax benefits. Yet its incredibly convoluted to the average person and not advertised enough by Government.
how about GST on Investment property just like commercial property?
Yeah live in Victoria and have investment properties and they tax you extra because the incompetent government could not control the spending. Let’s charge property investors because ohhh we can. Give it 2-3 years and people will be complaining in Victoria in why rent so high because most property investors have left and the incompetent Victoria government want to put more tax on everyone else.
18:56 Give the states more money through GST and they will spend more money on useless things that don't improve Australian's lives. Send another $2B overseas to improve overseas energy systems Albanese.
Also, rates may drop .50 but they will skyrocket nearly straight away. House prices will drop because people can't afford to pay the mortgage or buy them.
It's never wound back because the companies realise they can still get that $$ and leave the price the same and increase over time from there. Look at the "alcopop" tax they introduced on premix drinks as an example. Prices never return to previous levels.
Interest rates aren't correlated with housing prices in Australia. Only 35% of homes in Australia are mortgaged. Note that's homes, not investment properties. There are other more substantial drivers of property prices in Australia.
I dont envy the RBA.I get that many with a mortgage are struggling, but dont forget most of those people have seen their asset grow in value by 20-30%. Lowering interest rates will only set a new fire under the property market. Rates need to stay where they are, if not go higher! At least until the supply/demand starts to even out.
Don’t feel sorry for the RBA they created this problem by not including housing prices and other asset price growth in their inflation calculations. The problem is all self made.
Always liked Effie,smart lady
That's B S, GST is an evil consumption tax ,raising it will punish the poorest of Australians.
To increase super contributions in an era of reckless money management ,where government bond rates can't keep up with real inflation and financialused markets propose increasing levels of total collapse which expose managed money to catastrophe, as in 2008,.
Best idea I have heard is multi level interest rates , where home buyers get a 50 % interest discount, property nvestors 25% discount and consumer loans such as car an furniture pay higher rates ,upto 10%, .
Also extortionist credit card rates should be halved ,when used to pay for necessities but left at higher rates for discretionary spending, that will help tame the wild at heart spendaholics.
@@BB-xx3dv Do you own investment property ,most landlords are at the edge of breaking point, I sold an investment property last year because the running costs were double its income .
Unless you have a massive tax bill for negative gearing ,investment property is a nightmare. If you take investors out of the market homelessness will grow.
There is always 10% of the population no matter what will never be able to purchase and manage their own home.
Rates should not drop under any circumstance. It's free money, that's helped fuel inflation. I understand the implications, but real estate needs a major reset downwards.
Agreed , property prices are out of control.
@@theycallmebruce69 This will fix housing prices. czcams.com/video/sTzG8g8BNtY/video.htmlsi=ST9ilejqaLahwF5J&t=331
Advice does not cost $5,000. It really depends on who you see and what advice you are seeking. I've work for advisors that charge far less than $5,000, and that is for a comprehensive advice including superannuation and insurance, with retirement planning and debt management..
@yellowbrickroad for years I have been saying that we need to attract private enterprise business people into government/s, unfortunately flawed because they just don't make the pay dirt.
What about if a group of economists pulled together and come up with a "committee or similar" that advised the government (I know this would need to be legislated)?
I believe most economists would volunteer time to see the country headed in the right direction.
you mean, like an economic "voice" to parliament . . .
@@johngoogle8635 🤣
Exactly @@johngoogle8635
The current inflation is supply side not demand side which is what increasing rates is intended to mitigate, but it can’t because increasing rates does not affect the price of oil.
Govt will not take on major legislative or tax changes because the trust has been broken over the last few years. People in large part have the view that if the govt are up to something their likely about to screw us over.
Rising prices are merely the consequence of inflation" Felix Somary, The Raven of Zurich.
You can have issue's on the supply and demand sides but prices can only move to the extent of the total money supply allows. Central banks, Commercial banks and Government are the only entities that create an inflation of the money supply. During the covid period $10trillion was created in the US. I can never seem to find our total money supply on the RBA website (only M2 supply is published) but they pumped the keyboard as well so not to disrupt the balance of the AUD to the USD. I did hear $15billion for us but I cannot confirm that figure.
Tinkering with super % is a great idea to negate higher interest rates. Tinkering with GST not such a good idea. Reason being is if you up GST 1mth and lower it next you can guarantee the price of a good will deffo go up when GST does but companies will not recipricate when GST is meant to go down. Now you have unforseen inflation.
My only concern is with the super rate going up, is the burden is put on the employer, as it is added on top of the award wage. In a slowing economy it will end with less hours worked. So the overall super contribution might not increase as expected. But then why would you want greater super contributions as the money is slowly filtered up into the finance system with fees to manage the fund. Fees when the fund invests into ETFs and other various finance vehicles specifically created to farm those fees. Super is yet another wealth transfer vehicle.
To be fair as much as i cannot stand labor governments atm particularly in Victoria. Shorten and labor did show some level of courage and did try and rock the boat with the removal of negative gearing and franking credits. They lost.
Indonesian land is finite and foreigners can lease but can't buy, why doesn't that happen in Australia
Well said Effie, short termism is a syndrome that's impacting all business's and organisations.
People already get mortgage rate discounts, either refinancing or by talking to big 4 banks relaxing 3% buffer to 1% for those with equity to borrow more. If people knewhow unstable this market it is. Its worst form of Russian Roulette.
Heading for a crash.
Me thinketh some beautiful., renovators delights out West, suburbs such as Mount Druitt, Emerton and Lethbridge Park which are a ten minute walk, yes walk to the train station and Westfield.
Prices are around what you would expect to pay for a home in Dubbo, Wagga and Orange.
P.S. Sorry ladies but no island benchtop or.......ensuite@@!?🤣🙂🤪
"If we see interest rates come down then that means we have reached the peak of that interest rate cycle". Wow thats a big call and a simpistic outlook. (7:40). Must be true though, its on youtube
No long term vision, that's exactly right. Three year a term is too short to do any long term planning. By second year, you have to spend most of time and energy on election.
So you want to penalise society with GST increase because the governments got it wrong? You're a pair of jokers! 😂
As an investor with 5 rentals ( still owing between 40-60% of value to banks) l said from the start of interest rate rises that increasing the gst temporarily until inflation was closer to rba range was a much fairer option as only 31% of the population are paying off a mortgage. We need more conversation like this in mainstream media instead of demonising landlords for increasing rents (my interest on loans went from 60k to 80k per year in 1 yr) to cover the rises. If the gst option was used there would be no need for large rent rises.
An interesting idea. I'm much more in favour of introducing temporary compulsary super co-contribution. 10% out of everyone's pay every week into their super. It protects those without an income but evenly spreads the shouldering of the burden of the fight against inflation across everyone else, not just the 31% with a mortgage. It would have prevented the surge in rental costs because renters would be directly affected in line with their income. Best of all we'd all eventually get our money back in our super. If there's a concern that the sudden influx of cash into super funds was going to see increased investment spending, driving up inflation, then the money could be designated for foreign investment use only.
Political parties and their policies are singularly controlled by big business. Same throughout the developed world.
RBA's mandate is telling it to raise rates, now. Talk of rate cuts is extremely premature.
Property prices go up but wages remain the same. Just ask the nurses and teachers
Tax cut will fix it 😂
Banks have "free" in house financial advisers, what is the difference Between a "$5k" Advisor than a Free bank advisor?..On the first purchase of property, If Asians purchase in Australia where it's Cheap them why not go Thailand, Bangkok for $45k Where it's cheap for us?....Why don't banks allow a loan for a property purchase overseas?
We've lost sight of building wealth? The most recent Global Wealth Report demonstrates that Australians are amongst the wealthiest in the world due to high rates of property ownership and compulsory Super.
You wonder why there is not enough rentals? Because state governments, especially the biggest, NSW won't allocate, rezone the land especially along existing transport corridors. They, the States, would have to build infrastructure and might have to borrow money, to build a dam, shock, horror, the Greens would be fired up to resist that !
For example, one case, of the corridor from SYD to Newcastle, miles of land next to the rail and Freeway, but where is the plan, developments. Why is that ? Oh there is no water & sewerage! Power, yes plenty of coal, wait they want to close those generators !
The cash rate DOES NOT MATTER for valuations, it matters for short term solvency. Valuations are based on the 10 and 30 year bond. An interest rate drop at the short end (RBA cash rate) will spike rates long end (bond rates). If the RBA dropped interest rates it would reduce the appeal of long term bonds, raise those rates and put downward pressure on house prices long term. Crazy huh. Not intuitive. Financial mechanics that no one is talking about.
🎯🎯🎯
Property prices escalation means inflation. What's the point of rate drops to increase inflation then?
Superannuation Funds are TOO powerful. Look at how much they own in Australia 🇦🇺 already
Superannuation is a wrought on workers
They never mention reginal towns. easy pick up a 3 bedroom brick house for under 450k! see VIC Geelong, Ballarat, Bendigo etc. Good incomes! cheap houses better quality of life!
Sell or pay off your debts and as a single who want a house bad in a regional area can live off 20k and save the rest! say they are on 1k a week that's 30k a year that's a 5% deposit
be in your own house as a single person in just over a year! awesome!
or don't and rent for life. if you can sacrifice why not do it.
Lower rates might fuel price rises in the bottom end of the market. The top end is cash, foreign investment (cash) and migrants (cash).
Let’s please pursue the gst avenue.
Do your own research so that you can be your own financial advisor.
If RBA raises rates they cop the hate.
GST will get people angry at the Gov who increased it.
Right solution as cashed up people spend more,
and the strugglers don’t carry the full burden,
But Gov won’t touch it
I hear there going to be another US dollar reset.
But with GST we pay GST on GST on GST.... by the timer it gets to the end user, i.e. the individual consumer. But hey we live in one of the most expensive countries on the planet.
Keep voting the same way and this will all continue. Vote those into government that will actually make real hard choices and cuts.. to rather government spending and legislation that just controls us. I don't feel comfortable about government 'protecting' me nor should i have to ask permission for everything i want to do. This is the problem..
So increase consumer taxes and reduce investor and business taxes? Oh boy, this is going to be popular. Its not like asset prices aren't already high enough or the cost of living is not keeping up with wages
increase gst will bring on a depression, no one will buy a damn thing
Inflation coupled with price gouging has punched every average Australian right in the guts/nuts, and you guys are talking about increasing GST as an option to increase govt control on the population. Horrible idea on all counts. I also see you guys deem it reasonable for senior citizens to have additional financial struggles and increase their burdens so that your kids will have it easier getting into the property market. Todays youth will never comprehend the struggle previous generations made to get ahead in their lives. So the thought of sacrificing the old for the young gets the FU vote
I agree with you EXCEPT the fact that YOU had it harder. Sorry, you just didn't.
If you dont, all those struggles will be for nothing. People wont have kids, which is already happening.
HOUSE PRICES WILL DROP SIGNIFICANTLY …. there is a MAJOR recession underway & about to get a LOT WORSE
Could never have anything to do with Paul Clitheroe after investing with his company Ipac and such high fees
If you look at life through the frame of money you will miss the picture. Success has nothing to do with money
Eat all of the food that you buy, don't throw anything out.
Hey Mark, so you want renters and people who can LEAST afford it to pay a 15% GST, while giving people who have or want a mortgage a break...oh that's lovely...
Stop selling our Australian land and property to foreigners. You can’t as Australians buy property in Asian countries such as China or India , but many of our properties are owned by foreigners. Unless you’re an Australian citizen you shouldn’t be able to purchase property in Australia. Government needs to put hold to foreign ownership of Australian property and those already owned ,should be taken back and exchanged to a lease or bought back at our national interest. Australians citizens are disproportionately affected by foreign ownership and it’s time politicians pushing foreign ownership policies need to be investigated and prosecuted for crimes against the Australian citizens.
These guys on the channel are a joke, they want to increase the GST, what a joke. Here is a solution that the gov can implement which makes this country tax free and get free. For every txs on goods and services just add 0.60c to the total. The gov will use 0.60 cents will will give them $400B a year. They won't need to print and cause inflation.
Start with Etfs and move into single stocks
Uniparty now bows to their wef masters. Collective vs individual. Look at covid policy of everyone must have vax for the collective.
12 minutes in if you want to skip to the actual topic
Building wealth?
You're all fading the infrastructure that will support anything in the future, new financial market infrastructure.
There might be 1000s of useless shit in crypto, but there's actually undervalued tokens that fuel global infrastructure / platforms, like CBDC.
You can dyor today, or at the end of the decade.
Not too mention new forms of decentralized identity access management solutions.
Legitimately endless scale.
Property investment in a bubble? No thx.
Risk profiles, let me know when the user controls their data ;-]
Yeah hun,you know you positivity not going to increase affordability 😂 most of the people can't afford to buy , not just youngs in there late 20s and if you think that's not true...you clearly lost touch with reality
Effie knows and says the opposite.
we take the tax burden because we don't tax mining companies! yes give people tax reprieve on housing but contrary to this multimillionaire property investor, don't give a sent to those like him that don't need it as property investors already receive over 6.5 billion a year in tax reprieve!
he may cry poor but hes out to make a buck at renters and first home buyers. if he could destroy your dream for profit he would.
First home buyers, skip this show. It's just a fluff piece on how great property investing is, and inflating Mark Bouris's club ego. This country is turning into a country of old people and foreigners parking money here like a bank. Move on.
Bitcoin > Real Estate
There is no alternative to stamp duty. Meanwhile Land Tax is waiting there like: 🧍♂️