▲ 256 r/AusFinance
‘Overly generous’: Labor urged to ban property loans for SMSFs
Do people think this will happen?
It will be a major shift if it happens
u/Capital-Teaching-820 — 13 days ago
u/Capital-Teaching-820
Unemployment a key factor in property prices
Reminder to those that keep quoting Canada real estate crash as something that could happen in Australia.
Unemployment is high and rising in Canada.
Migration has dropped to historic lows
High wage canadian, tech and doctors are migrating south (these are the people most likely to afford expensive houses).
For Australia, Unemployment and migration are still at historic levels
u/Capital-Teaching-820 — 14 days ago
Many in Australia are celebrating the kicking out of small property investors (those that own 2 to 5 properties), while ignoring the tax benefits introduced by governments for institutional investors BTR.
They tried it in the USA and the rental situation just got worse.
Trump now says he wants to end this, but he is famous for saying many populist things that he never follows through on
u/Capital-Teaching-820 — 20 days ago