If I buy an investment property for $500k with a $50k deposit I will be paying $36,000 interest a year and getting around $17,000 back from the tax man. I'll get the $17,000 every year.
If I was a home owner I get a one off payment worth $14,000 which, in effect, will just be offset by a slight increase in housing prices. HAHA.
This labour government is pissing away the hard earner surplus on consumption. It will do absolutely nothing to build infrastructure, encourage innovation, support business, enhance education and other measures which would build Australia's long term success. Labour reverting to their old tactics of buying votes... targeting the usual suspects, pensioners and middle/lower class.
The current government should be thrown out immediately and locked up. And the key should be melted down and thrown in the middle of Iceland!
