u/Ok_Promise_7057

Rents are projected to soar by as much as 30 per cent over the next two years to compensate many landlords for the loss of property tax concessions that Jim Chalmers and Anthony
Albanese abolished, blowing out budget predictions and stoking fears of further inflation.
As the Reserve Bank grapples with the key underlying measure of inflation remaining outside its target range for more than five years, new data show there has been a greater likelihood of prices staying above the target band under a Labor government than the Coalition.

Unfortunately everyone gets to share the pain of Labor’s tax grab under the guise of
Intergenerational inequality.

Investors will not be enticed into green fill estates with a wet oily rag of negative gearing waves across their face.

Every action has a reaction. In this case it will be a squeeze on rental availability. Home ownership will be placed further out of reach for FHB.

The only winner is treasury with a bigger slice of the pie, tax revenue.

NAB business banking boss Andrew
Auerbach says business customer metrics were strong. Picture: Ne... read more
National Australia Bank has revealed the bleak outlook for the home lending sector where new mortgage applications were down 15 per cent in the June quarter, mirroring a plunge in auction clearance rates.

If you thought the new capital gains tax rules would only matter when you eventually sell an asset, think again.
For anyone who owns an investment property, private business or holds shares in a start-up on July 1, 2027, one of next year's most important financial jobs will be establishing what that asset was worth when the rules changed. Failing to obtain a credible valuation could cost some investors hundreds of thousands of dollars.
The reason for that is buried in the transitional rules.

The full story is in The Australian today.

Investors will be quite reluctant to sell their properties post July 2027. Less stock on the market would have to increase buyers competition for available stock.

Thanks to Labor every investor has to get valuations on their properties.

Home buyers who purchased under the 5% Deposit Scheme in recent times are suffering on multiple fronts. Not only are they at risk of negative equity, but their cash flow has been severely impacted by the large loans they took out and increasing interest rates following the RBA's three cash rate increases this year, with the possibility of one more to come.
It will now take these people years to climb out of the hole - firstly to move from a negative equity position, then secondly to build enough equity to then be able to leverage it and advance their finances, typically by buying an investment property.

Some property investors may decide to sell their investment property. However this property does not necessarily become available for purchase by aspirational FHB. Many Australian cities have had significant property price growth. Not much change from $1000,000+ FHB entry price.

Rental property availability will decrease with the government change to negative gearing and CGT change. Investors who stay in the market will look to more closely at covering their costs. Investors will not be leaving money on the table.

Meanwhile recent nursing EBA outcomes are in free fall vs the inflation rate. To be honest this is nothing new. Nurses wages have been in free fall for as long as I can recall.

The respective State and Territory governments are in an enviable position. Nurses have a very poor negotiating position. What is the purpose of this post? Just to vent I do not expect anything to change.