@nick.mckim: Tax concessions for property investors like negative gearing and capital gains tax discounts are turbo charging the housing crisis. They are deeply unfair and need reform.

Nick McKim
Nick McKim
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Region: AU
Tuesday 06 February 2024 04:27:03 GMT
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becmc0
Becky :
I’m not mad at the family with 1 investment property. I’m mad at the person with 10+ They seem to be greedy ones.
2024-02-06 12:59:30
30
rowdybutt
Rowdy Marc :
you also know 75% of investers own only 1 house. so ya full of crap.
2024-02-06 08:20:11
2
jmwinters35
💛🇦🇺Jwinters35🇦🇺💚 :
the ones angry about his point are probably property investors 😅
2024-02-06 04:34:10
42
tempus.engineering
brad :
Negative gearing the first home only so mum and dad investors can still survive and scrap for the rest of the properties
2024-02-06 06:58:11
10
steve.purposed
Steve :
It’s multiple factors that make housing unaffordable. Anyone saying it’s just one thing that needs changing is lying.
2024-02-06 07:42:45
8
cherryp91
Cherry91 :
negative gearing is not the issue at all. the issue is lack of houses bring built.
2024-02-06 04:48:53
8
gettingbyok
Gettingbyok :
Any more than one rental property and the tax subsidies get cancelled 👏💚💚💚
2024-02-21 14:20:58
4
michelschouten6
Michel Schouten :
Whoever those politicians are they booing this guy should named and shamed.
2024-02-08 02:25:32
4
the_organisation.pty.ltd
the_organisation.pty.ltd :
The reason the government did the tax incentives this originally was to help increase rentals without government intervention.
2024-02-12 09:37:21
3
scottypm
Peter :
Spot on
2024-02-06 08:41:49
3
brettjames123456789
Brett :
the greens are completely shot and the only people believing there crap are the 18 to 25 year olds because they have no idea
2024-02-06 08:12:59
3
knight_takes_bishop
knight_takes_bishop :
yeah ban negative gearing from investors buying anytime after 2015 works for me
2024-02-06 04:57:13
3
hammer959
Jeff :
those people are like me who now fund their own retirement. I have not received $1 from the Govt, so it seems they dont want ppl to get ahead in life
2024-02-24 03:51:48
2
golddustcottage
GoldDustJojo🇦🇺 :
I’m an elder millennial and I have come to terms with the fact I’ll never get to buy a home or retire.. Thanks to the older, greedy generations.
2024-02-21 00:20:10
2
gbot485645
gBOT485645 :
It’s the same with shares, so why people care so much about property investments?
2024-02-18 01:34:13
2
alpozzi
pozzi :
most of the politicians in Canberra are who he is talking about
2024-02-13 13:30:47
2
trewinc
Chris Trewin :
The other side of the coin is it means tax relief making it cheaper rent. This is hyperbolic language. Also helps have less people on the pension.
2024-02-11 07:39:10
2
palestinianfreedom01
Free Palestine 🇵🇸 🔻 :
completely ridiculous system, that's why you can't see it in another country
2024-02-06 05:11:58
2
ela_qi
🍉 ELLA 🧿 :
A pollie with a soul - love to see it
2024-02-06 04:40:11
2
burrjia82
.Burrjia82 :
💯💯💯💯Bloke!!
2024-02-06 04:35:30
2
daggy_dm
Kymrhyl Oakenfist :
Labor has become the Liberal National Lite party.
2024-02-06 04:32:49
2
gbot485645
gBOT485645 :
This wouldn’t be an issue if there was supply - more poor planning by overpaid politicians
2024-02-18 01:35:41
1
chrisbrady6047
chrisbrady6047 :
all politicians should be backing this
2024-02-15 19:37:10
1
jasminlyneham
Jasmin Lyneham :
here's an option for those that want it to go and those that don't. Cap it at 1 and double the tax on any additional investment home.
2024-02-13 23:32:06
1
cynical483
cynical :
haha high rents due to increased interest rates. if we didn't have property investors no properties to rent homeless even worse.
2024-02-13 15:38:40
1
jayseeney
Jay Seeney :
We get a minor tax kickback for doing "your job" of housing the population.
2024-02-13 15:04:44
1
bitcoinpleasebsv
Cruel Princess :
This going to be awesome when we have a housing supply issue! When the govt subsidies are gone rents will skyrocket.
2024-02-12 14:08:21
1
johndaws_vdc
JohnDaws_VDC :
You have no idea mate, removing negative gearing will have no positive impact on the current housing problem🤦🏻‍♂️
2024-02-12 01:01:29
1
user8803437602375
Litostman :
There had to be something there to make an investor take the risk. When there is a benefit, there is investment which increases rental availability
2024-02-11 23:08:20
1
alexmarschall
alexmarschall :
Let home buyers negatively gear their own houses then!
2024-02-11 20:11:35
1
user8866816738123
Meeka :
Amen, finally someone raises the issue!!
2024-02-08 10:34:01
1
quinn1958
Steve :
Agree. If an investment only works if it is subsidised by the taxpayer then it is fundamentally flawed.
2024-02-06 13:56:41
1
foreveryoung.092
foreveryoung :
Labor became Property Investors lacay, isn't it?
2024-02-06 04:38:48
1
dieselk200
user3746822447687 :
Is this bloke fair dinkum, I have 2 and I don’t get obscene amounts of money. That’s right he’s a politician don’t have to tell the truth
2024-03-03 22:54:33
0
rodma347
rodma347 :
I claim deductions on my car yet doesn’t mean it’s a business 🤣
2024-03-03 05:38:46
0
jonathanarmstron12
Jonathan Armstron773 :
My rent went up from $500 to $695 per week. That’s nearly 40%. How’s that fair?
2024-03-01 07:43:05
0
tepski11
tepski11 :
just realise more land it's the only way cheap land for first home owners
2024-02-26 12:43:04
0
chickendinners0409
chickendinners0409 :
Yes it bloody well is.
2024-02-25 08:56:08
0
alanking697
Kingy :
Yes but how many politicians have this set up and will fight against changing it. Same as not having to sit a asset test to get a pension, bet they don't vote that our either. What a rip off
2024-02-17 23:55:16
0
pwauliie87
Pwauliie 🕷 :
how about the tax payers choose where their tax goes and not some suspicious money laundering government? Stop taxing everything to get a bigger piece
2024-02-16 05:36:36
0
chrisbrady6047
chrisbrady6047 :
any1 against him is probably part of the problem
2024-02-15 19:36:34
0
johnsmith6736
johnsmith6736 :
Ascending property tax to number of properties owned. More on empty ones.
2024-02-14 12:43:29
0
jonasdundee
Jonas 🇦🇺🦘 :
Stop talking about tax and START BUILDING. WE NEED MORE SUPPLY. tax change will have no effect for at least 10 years or more.
2024-02-14 12:16:34
0
randomcaller01
randomcaller01 :
Most investors stop at 1 or 2. Also had the tax rates stayed as legislated the tax rate reduction would have made NG less attractive.
2024-02-14 09:58:35
0
richiemelbourne
Richard Edwards :
He talks about renters who want to buy their home, well about about renters like us who will never be able to afford to buy a house?
2024-02-14 06:38:13
0
jeffhendon1
jeffhendon1 :
creating division is what politicians do
2024-02-14 06:30:59
0
johnnyo58
user6736830658457 johnny o :
State taxes and property tax in Qld , at least , and this discouraged investors . It is a significant tax
2024-02-14 00:23:15
0
rooeryburt
anndrewburt :
Should be used to promote new homes and first home buyers and to a lesser degree investors racking up home no 5 we should also look into empty homes
2024-02-13 23:58:22
0
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