Australia's largest stock trading and investment forum Australia's #1 stock forum

ALBOS 5.1% mimimum wage increase effect on RENT, page-5

First 5 Last

Share
Profile

Follow
rememdium

6,032 Posts.

27

14/05/22

18:25

Post #: 61410507
Share

Originally posted by Grant64t: ↑

Rents On The Rise is the logical outcome.

Well the more I think about it the better off as a housing investor I maybe under Anthony Albanese's ALP Left Wing Wacko Economics.

Just recently mentioned to my tenant that with the possible 5.1% increase from Albo to the minimum wage, he will be now able to afford the increase in Rent of $40 per week.

As of 1 July 2021 the National Minimum Wage is $20.33 per hour or $772.60 per week

If we add an increase of 5.1% that raises the minimum weekly income by $39.72. ( mmmm sounds good doesn't it )

Well it now seems I don't have to feel too bad about the Rental Increase, the 40 bucks has been covered by Albo's gracious handout courtesy of the poor old Australian Employer.

Mmmmmmmmmmmm Happy Worker under Albanese ???? Actually Maybe Not !!
The worker will be worse off once he pays his 19% tax on his extra $39.72 pay rise ! which leaves him with just over $32

Yikes

.

Expand

Geez that's nice of you. How about showing some Aussie values and give a person who is struggling a break.
8 Upvote

Reply

Top Stories

SS1

Sun Silver submits US$60M Silver Paste Funding Application to US DoE

Eurozone-based companies find new ways to secure a regional lithium supply

End of FY is a time to juggle wins, losses and capital gains taxes

With financials holding the fort, materials must step up with some heavy lifting to stimulate stocks

Time for retail therapy buying in the shopping Scentre for hot stocks

There are more pages in this discussion • 27 more messages in this thread...

First 5 Last