The Turnbull Government

[SirRumpole]

Economic modelling is great...oops no it isn't says Morrison.



Muppett.



http://www.abc.net.au/news/2017-04-...boost-economic-growth-richard-denniss/8422578

 

[Tisme]

So it is all about population, regardless of the physical size of the area the population is spread over, seems a bit one dimensional.
Maybe a look at a map of Australia might help. Victoria's population is confined to a very small area, therefore logics would explain that it would be cheaper and easier to supply services.
Granted the services would be larger, but that doesn't give a proportional increase in cost.

Supplying water, sewage treatment, electricity, Government services and road infrastructure to a State the size of W.A, has very little to do with population size, maybe a reality check is required all round.

Seen QLD lately?

 

[Logique]

The Turnbull government looks 'gonski'.

Big swings in the NSW by-elections. Over 50s are deserting the coalition. Mightily peeved superannuants group with the recent changes.

 

[Tisme]

The Turnbull government looks 'gonski'.

Big swings in the NSW by-elections. Over 50s are deserting the coalition. Mightily peeved superannuants group with the recent changes.

Yeah and demands by his peers to ramp up personal attacks on Shorten is only ever going to make Malcolm look like the mouse that roared. He's just not comfortable wearing battle fatigues.

 

[SirRumpole]

Another knife into the Morrison muppet on negative gearing.



Negative gearing reform 'essential' to improve housing affordability: Saul Eslake



http://www.abc.net.au/news/2017-04-...-must-include-negative-gearing-eslake/8430482

 

[Tisme]

Who's Ray Hadley?

 

[SirRumpole]

Who's Ray Hadley?

One of them redneck right wing shock jock dudes who sit in their comfortable studios telling people what to think on salaries of $2.5 mill plus.

 

[Tisme]

One of them redneck right wing shock jock dudes who sit in their comfortable studios telling people what to think on salaries of $2.5 mill plus.

Oh, because he has divorced the treasurer today... a lovers tiff I think

 

[moXJO]

Another knife into the Morrison muppet on negative gearing.



Negative gearing reform 'essential' to improve housing affordability: Saul Eslake



http://www.abc.net.au/news/2017-04-...-must-include-negative-gearing-eslake/8430482

Eslake has his finger in his ar.se. It's a supply issue. Otherwise it won't change house prices but still jack up rents.

 

[SirRumpole]

Eslake has his finger in his ar.se. It's a supply issue. Otherwise it won't change house prices but still jack up rents.

Yes it is a supply issue, and the supply for owner occupiers will increase if investors leave the market.

 

[sptrawler]

Seen QLD lately?

Yes it is 1.85 m/klm2 and W.A is 2.65m/klm2.
Queensland has less than double W.A's population, yet apparently gets a disproportionate gst handout.
So your point was?
http://www.abc.net.au/news/2017-03-...lower-than-forecast-budget-in-trouble/8384344

 

[Tisme]

Yes it is 1.85 m/klm2 and W.A is 2.65m/klm2.
Queensland has less than double W.A's population, yet apparently gets a disproportionate gst handout.
So your point was?
http://www.abc.net.au/news/2017-03-...lower-than-forecast-budget-in-trouble/8384344

You looked at the population distribution?

 

[SirRumpole]

Oh, because he has divorced the treasurer today... a lovers tiff I think

It's more because even Right Wing rednecks can recognise muppets when they see them.

 

[moXJO]

Yes it is a supply issue, and the supply for owner occupiers will increase if investors leave the market.

And who are renters going to rent from.

 

[luutzu]

And who are renters going to rent from.

Isn't that "rising rent" just a distraction? I mean, the proposed solution aims to lower property prices, will it do that? It definitely would. So what does "rising rent" got to do with it?

And that's assuming that rent will rise. How will rent rise?

For one, if property prices are lowered where first home buyers can afford their own house... that will take away the demand for rental properties. Lower demand generally mean lower prices.

Second, if property prices are lowered, property investor does not need to increase the rent and would still get the same or higher rental yield.

Most importantly, aren't we supposed to be in love with free market and self-reliance and hardwork and all that? So what's with these welfare cheques to property investors in the form of capital gains reduction, negative gearing and all that?

If we're to cut a welfare cheque to anyone, shouldn't it be for politicians and poor people, first and second?

 

[moXJO]

Isn't that "rising rent" just a distraction? I mean, the proposed solution aims to lower property prices, will it do that? It definitely would. So what does "rising rent" got to do with it?

And that's assuming that rent will rise. How will rent rise?

For one, if property prices are lowered where first home buyers can afford their own house... that will take away the demand for rental properties. Lower demand generally mean lower prices.

Second, if property prices are lowered, property investor does not need to increase the rent and would still get the same or higher rental yield.

Most importantly, aren't we supposed to be in love with free market and self-reliance and hardwork and all that? So what's with these welfare cheques to property investors in the form of capital gains reduction, negative gearing and all that?

If we're to cut a welfare cheque to anyone, shouldn't it be for politicians and poor people, first and second?

You need to slow immigration for negative gearing tinkering to work. Otherwise overseas investors will still buy regardless. So prices ain't dropping for long.
Investor costs would increase so rents get jacked. I don't see them imposing negative gearing changes on current investors -who would raise rents regardless.

We should be giving opportunities for the poor to get ahead, but for those that truly want it. The others will be poor no matter how much you throw at them.

 

[moXJO]

It's more because even Right Wing rednecks can recognise muppets when they see them.

I wonder if he is actually getting it right?
Because both left and right thinks he sucks.

 

[luutzu]

You need to slow immigration for negative gearing tinkering to work. Otherwise overseas investors will still buy regardless. So prices ain't dropping for long.
Investor costs would increase so rents get jacked. I don't see them imposing negative gearing changes on current investors -who would raise rents regardless.

We should be giving opportunities for the poor to get ahead, but for those that truly want it. The others will be poor no matter how much you throw at them.

If the gov't level the playing field for investors and first home buyer - say, no tax breaks, no negative gearing to ease negative yield for investors. Then home buyers are more willing to outbid investors for the simple reason that the "return" they get from having a home of their own, from not having to move and unsettle the kids schooling or job prospects... those gains would mean the buyer/occupier would outbid investors.

But if investors with a couple of properties already under their belt, and especially if any of those are positively returning income, it's more advantageous for them to "invest" in another property to be "tax efficient", waiting for the market to rise then offload.

I thought all people want to get ahead. The poor ones might not want to get ahead, but wouldn't getting in the game be alright anyhow?

 

[Tisme]

457 Visa to be scrapped at urging of Pauline Hanson by twisting the LNP's arm ....hooray we don't have to learn Indian as a second language ...perhaps

http://www.abc.net.au/news/2017-04-18/government-abolishing-457-visas/8450310

 

[moXJO]

457 Visa to be scrapped at urging of Pauline Hanson by twisting the LNP's arm ....hooray we don't have to learn Indian as a second language ...perhaps

http://www.abc.net.au/news/2017-04-18/government-abolishing-457-visas/8450310

Poms were taking advantage of it as well.
Abbott was talking about slowing immigration till housing can cope.