From Newsgroup: aus.politics

the mum and dad investors will drop out of the market;
BUT instead big corps like Blackrock will hoover up all
those properties, then with dominant share of the rental
market, they will crank up the rents!
Poor Petzl will be sleeping on the park bench forever.

--- Synchronet 3.21f-Linux NewsLink 1.2

From Newsgroup: aus.politics

Nomen Nescio <nobody@dizum.com> wrote

the mum and dad investors will drop out of the market;

I doubt we will see any significant change given
that Albo said that there wouldnt be any change
in the most recent election campaign

And I don't believe that many will be negatively
geared given the the housing 'crisis' means you
can basically charge anything you like rent wise
and there will always be someone preparted to
pay that

The most that we might see is some of the tax
rorters negatively gearing their holiday place

BUT instead big corps like Blackrockwill hoover up all those
properties,

Not even legally possible

then with dominant share of the rental
market, they will crank up the rents!

Just another of your pathetic little ignorant fantasys

Poor Petzl will be sleeping on the park bench forever.

He own his hovel
--- Synchronet 3.21f-Linux NewsLink 1.2

From Newsgroup: aus.politics

The most that we might see is some of the tax
rorters negatively gearing their holiday place

Is this even possible? Are the Sheeple allowed to neg-gear their
holiday homes? I would have thought this would apply to the primary
places of residence only. It's worse than I thought. AND whatever
did we do BEFORE this neg-gear thing was imposed? Were we living on
park benches? Houseboats? Concentration Camps? Wool sheds? With mummy
& Daddy? And whatever happened to the 30% deposit requirement? Why
were not the parents means-tested to help their offspring. I'm
appalled! We're told that correlation is not necessarily causation
and that the neg-gearing thing running parallel to the "housing
crisis" is a coincidence. Well, maybe it isn't, and that the
connection is the powers up to their hairy nuts in the game.
You betcha! and I'm disgusted.

He own his hovel

There's no place like home!
--- Synchronet 3.21f-Linux NewsLink 1.2

From Newsgroup: aus.politics

On 6/05/2026 3:21 pm, Peter Jason wrote:

The most that we might see is some of the tax rorters negatively
gearing their holiday place

Is this even possible? Are the Sheeple allowed to neg-gear their
holiday homes? I would have thought this would apply to the primary
places of residence only.

No, Neg Gearing is all about claiming the Interest you are charged on
the Investment Property housing loan for the Investment property as a
deduction against the Income you make in renting the property out ...
and so reducing your Tax ... e.g. You might rent your Investment
Property out at, say, $250 a week ($1,000 per month, $12,000 per year to
keep it simple).

That's Income .... but, if your Bank is charging you $15,000 in Loan
Interest per year, you can claim ($15,000 - $12,000) $3,000 LOSS per year.

So you can then claim that $3,000 LOSS on your personal Income Tax
Return each year.

And the Investment House Loan is getting paid off as well!!

It's worse than I thought. AND whatever did we do BEFORE this
neg-gear thing was imposed?

*WE/Our Parents/Whomever* paid off the Investment Home loan ourselves
AND paid Tax on the entire Income from the Investment property ($12,000
per year in the example above)

Were we living on park benches? Houseboats? Concentration Camps? Wool
sheds? With mummy & Daddy? And whatever happened to the 30% deposit requirement?

I'm guessing we didn't seem as rich ... so house prices didn't increase
as rapidly as they do now.

Why were not the parents means-tested to help their offspring.

That was the way the LAW was!

I'm appalled! We're told that correlation is not necessarily
causation and that the neg-gearing thing running parallel to the
"housing crisis" is a coincidence.

Maybe.

Well, maybe it isn't, and that the connection is the powers up to
their hairy nuts in the game. You betcha! and I'm disgusted.

He own his hovel

There's no place like home!

But who's HOME??
--
Daniel70
--- Synchronet 3.21f-Linux NewsLink 1.2

From Newsgroup: aus.politics

Peter Jason <pj@jostle.com> wrote

Rod Speed wrote

The most that we might see is some of the tax
rorters negatively gearing their holiday place

Is this even possible? Are the Sheeple allowedto neg-gear their
holiday homes?

All you have to do is say its an investment property and
just choose to stay there when you want to do that.

Nothing suspicious about that when the property
is where most want to have a holiday house

I would have thought this would applyto the primary places of
residence only.

You can't negatively gear your primary residence,
you can only negatively gear investment property

It's worse than I thought. AND whatever did wedo BEFORE this
neg-gear thing was imposed?

You could only deduct the actual costs incurred on
the investment property from the income to calculate
the taxable income that investment produced

Were we living on park benches? Houseboats? ConcentrationCamps? Wool sheds? With mummy & Daddy?

That is the principal residence, not investment property

And whatever happened to the 30% deposit requirement?

That wasnt required by legislation, it was a requirement
by the mortgage lender before they would write a mortgage

Why were not the parents means-tested to help their offspring.

Because that was just another example of populism
policy and that fool Fraser actually claimed that that
was his most important political achievment, that it
was paid to the mother.

I'm appalled!

And your ignorance is appalling.

We're told that correlation is not necessarily causation
and that the neg-gearing thing running parallel to the"housing crisis"
is a coincidence.

It isnt common enough to cause the "housing crisis"
particularly in a "housing crisis" when you can charge
any rent you like and someone will have to pay that

Well, maybe it isn't, and that the connection isthe powers up to
their hairy nuts in the game.

Not even possible in a "housing crisis" when you can charge
any rent you like and someone will have to pay that

You betcha! and I'm disgusted.

Your ignorance is disgusting

He owns his hovel

There's no place like home!

A rolling stone gathers no moss, particularly
when its demolishing your hovel
--- Synchronet 3.21f-Linux NewsLink 1.2

From Newsgroup: aus.politics

# /This is a reply to pre-filtered & auto edited post/
# /All quoted inputs by kill-file residents have been expunged/

Daniel70

No, Neg Gearing is all about claiming the Interest you are charged on
the Investment Property housing loan for the Investment property as a deduction against the Income you make in renting the property out-a ...
and so reducing your Tax ... e.g. You might rent your Investment
Property out at, say, $250 a week ($1,000 per month, $12,000 per year to
keep it simple).

That's Income .... but, if your Bank is charging you $15,000 in Loan
Interest per year, you can claim ($15,000 - $12,000) $3,000 LOSS per year.

So you can then claim that $3,000 LOSS on your personal Income Tax
Return each year.

And the Investment House Loan is getting paid off as well!!

Yes, an investment property ain't the same thing as a holiday home.
When I owned one in North-Qld I was able to make deductions on the tax
that was due on the rental income providing the property was rented out.
But that only applied while the property was occupied.
Initially I could even deduct the cost of my trips to Qld (airfare, accommodation and vehicle rental) for "inspecting" the property up to
twice a year, however that option was removed from the tax code
sometimes in the early 2010s, if I remember correctly. However, expenses
like insurance, replacement of appliances, certain repair/renovation
items, the agent's fees, council rates, etc. could still be used as deductibles. And, of course, the mortgage interests while I paying off
the loan.

Luckily, I do not have to worry about any of this hassle, as I have
passed on that property to my daughter. So now I only own one property,
the one where I am living.

*WE/Our Parents/Whomever* paid off the Investment Home loan ourselves
AND paid Tax on the entire Income from the Investment property ($12,000
per year in the example above)

I'm guessing we didn't seem as rich ... so house prices didn't increase
as rapidly as they do now.

Up in rural North-Qld property prices have never risen at the same rate
as in urban areas. That still applies even now.
In the mean while here in the Sydney basin prices have gone nuts.

My home is now worth more than six times more that when I bought it in
1998. The Qld property has only tripled in price since the 2001.

I'll bet normal peoples' incomes have not really multiplies six times
compared to what they used to be, nor even tripled in that same time
interval.

/snip/
--
|urd||g
Your friendly newsgroup devil at your service
--- Synchronet 3.21f-Linux NewsLink 1.2

From Newsgroup: aus.politics

On 7/05/2026 8:26 am, The Newsgroup Devil wrote:

# /This is a reply to pre-filtered & auto edited post/ # /All quoted
inputs by kill-file residents have been expunged/

Daniel70

No, Neg Gearing is all about claiming the Interest you are charged
on the Investment Property housing loan for the Investment property
as a deduction against the Income you make in renting the property
out ... and so reducing your Tax ... e.g. You might rent your
Investment Property out at, say, $250 a week ($1,000 per month,
$12,000 per year to keep it simple).

That's Income .... but, if your Bank is charging you $15,000 in
Loan Interest per year, you can claim ($15,000 - $12,000) $3,000
LOSS per year.

So you can then claim that $3,000 LOSS on your personal Income Tax
Return each year.

And the Investment House Loan is getting paid off as well!!

Yes, an investment property ain't the same thing as a holiday home.
When I owned one in North-Qld I was able to make deductions on the
tax that was due on the rental income providing the property was
rented out. But that only applied while the property was occupied.

Yeap. If the property isn't occupied, you don't get any income from it
.... but does the Bank stop charging you Interest?? NOPE!

Initially I could even deduct the cost of my trips to Qld (airfare, accommodation and vehicle rental) for "inspecting" the property up to
twice a year,

THAT was my problem ... I kept buying properties near to where I was
living at that time!! (Max of three investment properties at one time
whilst I lived in Army Barracks. Long periods of
unemployment/underemployment put paid to that!!)

however that option was removed from the tax code sometimes in the
early 2010s, if I remember correctly. However, expenses like
insurance, replacement of appliances, certain repair/renovation
items, the agent's fees, council rates, etc. could still be used as deductibles.

Yeap.

And, of course, the mortgage interests while I paying off the loan.

Yeap.

Luckily, I do not have to worry about any of this hassle, as I have
passed on that property to my daughter.

As I typed above ... 'Long periods of Unemployment/underemployment put
paid to that!!'

So now I only own one property, the one where I am living.

Just the house I live in .... free and clear!

*WE/Our Parents/Whomever* paid off the Investment Home loan
ourselves AND paid Tax on the entire Income from the Investment
property ($12,000 per year in the example above)

I'm guessing we didn't seem as rich ... so house prices didn't
increase as rapidly as they do now.

Up in rural North-Qld property prices have never risen at the same
rate as in urban areas. That still applies even now.

Yeap. Prices ONLY increase rapidly *IF* people want to live there!

In the mean while here in the Sydney basin prices have gone nuts.

My home is now worth more than six times more that when I bought it
in 1998. The Qld property has only tripled in price since the 2001.

I think THIS house is worth about 2.5 - 3 times what I paid for it in 2015.

I'll bet normal peoples' incomes have not really multiplies six times
compared to what they used to be, nor even tripled in that same time
interval.

/snip/

--
Daniel70
--- Synchronet 3.21f-Linux NewsLink 1.2