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Major push by Turnbull government to increase supply and help first home buyers
Topic Started: 24 Oct 2016, 07:12 AM (1,932 Views)
Elastic
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Morrison is such a doofus. He refuses to acknowledge the demand side of the equation. You can see he earned his stripes in the property industry.
I've seen politicians from both sides dance around the topic of housing affordability for years claiming to be concerned but never prepared to put in place a policy that would lower house prices.
So they bullshit on talking out the sides of their mouth.
Morrison has decided that he needs to be proactive in being seen to do something because he knows that this issue is not going away and Labor's housing policies have not disappeared after the election.
He'll pretend to do something that achieves nothing. It's looking almost certain that Labor will win the next election and housing investment perks will be wound back.
They realise they are on a winner and the mood for change is strong. Morrison knows the game is up.
Only a rat can win a rat race.

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Ex BP Golly
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Khaderbhai
24 Oct 2016, 08:36 PM
A $15K FHB grant would do nicely.
That won't come through the Fed's. They don't want to sully themselves. Much better to offer incentives to the States (who can cream of 20-30% in admin fees) to deliver some program to prop up the banks.

For this has nothing to do with home owners or investors any more. Our banks have gone creditkaze and the subsiding needs to benefit them.

Thank phruk our banks didn't lend into the minerals bubble hey! They learnt their lesson I guess from the 80s mining boom l
Edited by Ex BP Golly, 25 Oct 2016, 02:09 AM.
WHAT WOULD EDDIE DO? MAAAATE!
Share a cot with Milton?
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Elastic
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Coalition's housing affordability inquiry scrapped amid growing market fears

Quote:
 
The government is sitting on hundreds of pages of evidence and scores of submissions about housing affordability it is unable to use because it let its inquiry into the subject lapse.

News of the quashed inquiry emerged as Treasurer Scott Morrison delivered a speech in which he declared housing affordability to be an "important policy focus" of the Turnbull government in the new parliamentary term.

Mr Alexander said at the time it painted a picture of a nation turning from a "commonwealth", with huge home ownership, into a "kingdom" made up of landlords and serfs. One of the ideas considered by the committee was a winding back of negative gearing.
Asked whether the Treasurer would restart the stalled home ownership inquiry, a spokesman for Mr Morrison said there had been "a number of inquiries into this issue".
The government was "able to draw upon the testimonies and reports of those reviews in framing initiatives going forward", he said.


Then you look at what Joe Hockey had to say about negative gearing in his farewell speech from Parliament and you can make up your own minds what the inquiry had to say. :re:
Only a rat can win a rat race.

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Khaderbhai
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Wealthy Suburbanite

Veritas
24 Oct 2016, 08:47 PM
If that happens it will all just be part of the cycle
Indeed. It would certainly contribute to the current upward phase of the cycle.
Edited by Khaderbhai, 25 Oct 2016, 09:37 AM.
Banks can't repossess your home simply because the market value falls. Australia's Consumer Credit Code says consumers aren't liable for things ordinarily outside their control and can't be held to obligations that could only be met by selling their home. Click for details.

"The truth is that there are no good men, or bad men. It is the deeds that have goodness or badness in them. There are good deeds, and bad deeds. Men are just men."
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Foxy
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Zero is coming...

1) Increase land tax on investors that have more than two properties. Lets say double land tax right off the bat.
2) Charge a fee on all investment properties after the investor has 2 properties including the ppr.
3) Direct first home owners grant to build new. ONLY NEW.
4) Interest payments on first home owners that build new is fully, i repeat fully tax deductible. So negative gearing for all new builds.
5) Decentralize all government departments, remove them from city centres. (This will encourage the donut munchers to build new homes and new "centres"). There is no need to have government employees in the centre of cities, they are unproductive and only drive up the price of the inner city.
6) Set the highest government wage limit at the national average wage.

Peter


This says it all.

https://www.youtube.com/watch?v=LFcMdZM6Emg&list=PLg2AL84lRGqj5T0snhDRJiGUTTOPpc3LG&index=7
Edited by Foxy, 25 Oct 2016, 10:54 AM.
http://www.afr.com/content/dam/images/g/n/2/1/u/8/image.imgtype.afrArticleInline.620x0.png/1456285515560.png
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herbie
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While I'm happy enough to accept that while Yes, they may well like to see more affordable housing made available (wif that being a politic position ta take), they certainly aren't wanting ta see 'desirable' housing (if ya get me drift) become particularly affordable - Well, not unless it's from a tenant's POV anyway - Rather than an owner's or banker's or builder's or developer's or construction worker's or RE industry dude in general's POV - (Wif tha latter NOT being a politic position ta take.)
A Professional Demographer to an amateur demographer: "negative natural increase will never outweigh the positive net migration"
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Rufus
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The next discussion will be around stimulating the housing market when we see apartment prices falling.
Take risks - if you win you will become wealthy, if you lose you will become wise
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Chris
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Khaderbhai
24 Oct 2016, 09:02 AM
New first home buyer grants to be announced?
The old bait and switch. Seems most everyone fell for it, they went to the election realising housing was a huge issue for the voting public. Two terms in they realise the voting youth may bite very hard next election. The solution? Give them something else to hate. "There there dumb kiddies, you think it's tax subsidies for investors that make housing unaffordable hahahaha, silly silly kids. It's the supply and that's the states fault, now everyone look over there".

We've just been hoodwinked, like all good snake oil salesman he just bamboozled with bullshit and when there is no result he just shrugs his shoulders and goes 'not my fault' all the while the original and most important issue of NG disappears 👍👍
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