Solutions to House Price and Rental Crisis??(Ideas), page-107

First 107 Last

Share
Profile

Follow
mudguts

13,679 Posts.

553

19/04/23

09:32

Post #: 67347055
Share

Originally posted by LG Bear ↑

The govt is under pressure to make changes and you can see the media building the case for change daily. Really need to shake as many properties out of super and large holders of residential property for short term rentals. Wont solve the under supply but will help in short term.

Sounds like they are likely to cap neg gearing. Remove cgt discount from existing residential, but keep for new builds. Tax incentives for developers of multi residential buildings. I think they will do this when they introduce the new super tax change.

The ATO 'blitz' on landlords will be used to add to the business case to crack down and add to the 'tax bludgers' narrative dont think it will be like robo debt but im sure there will be a few bad apples made example of! Not sure what the fines for individuals doing the dodgy on their tax is but prob not cheap. Will no doubt focus on the short term rental market imo as that will help free a few up quickly. Pays to use an accountant I know a few who have done their own tax for years not sure how many will hold up to a forensic audit.

The tide is certainly changing and think we are going to see more and more properties coming on the market. I dont think prices will come down dramatically but incrementally, unless there is a maj shock/war/ recession and resultant high unemployment.

Expand

"Really need to shake as many properties out of super" ...why?

those properties are rented as cant be owner occ...how does that help?
2 Upvote

Reply

Top Stories

ASX Market Close: Index rebounds as investors buoyant | July 30, 2025

NUZ

Neurizon inks $1.5M loan against R&D Tax Rebate

IXR

Ionic Rare Earths falls -7% as momentum slips on vague production update

HAR

Haranga jumps +7% on Lincoln acquisition

HotCopper Trends: Wall of quarterlies dominate; then there's Micro-X & Ionic