Master list of "Things That Could be done to Lower Australian Property Prices" - Just a reminder on how many potential actions - that are *not* being taken - that could potentially be taken in order to make Aussie housing more affordable:
* Remove negative gearing on property unless new build
* Add PPOR to pension asset test
* Tie immigration rates directly to new housing construction rates/building approvals
* Stricter punishments for those lying on loan applications/approving "liar loans"
* Continue to raise home loan interest rates
* Stricter cap on debt-to-income ratios on home loans
* Alter the Skilled Jobs Visa list to prioritise migrants with construction skills, remove more of the 'BS jobs' on the list
* Stricter regulations for better build quality of apartments
* Restrictions on ownership of Australian property by non-residents
* Approve higher density zoning & construction in desirable urban areas/near train stations
* Cap/limit on max number of properties owned per person (e.g: 1 PPOR, 1 IP)
* Remove all other tax breaks / CGT discounts for investment properties unless new build
* Create better/faster public transport links
* Tax breaks/incentives for businesses to establish offices in regional areas
* Relax zoning laws/restrictions in middle ring suburbs
* Ban "contact agent" and other deceptive practices on real estate listing websites to provide more accurate/realtime price discovery
* Further encouragement of Work From Home instead of demonising it, allowing workers to live outside capital cities
* Timing rules & regulations for more frequent land releases by developers; heavier taxation on "land banking"
* Abolish stamp duty in favour of land tax to increase liquidity in market
* Builders incentivised to create more medium density to flesh out the "missing middle" (more decent townhouses/terrance style builds with small yards, etc.)
* Reducing % of CGT paid on shares/stocks to encourage business investment vs. property
* Apartments better designed with pet owners in mind (communal lawns/parks, soundproofed walls, etc)
* Futher investment into/creation of "satellite cities" connected by high speed rail
* Tougher restrictions/taxation on AirBNB & similar 'short term rental' servicesAusfinance
Master list of "Things That Could be done to Lower Australian Property Prices" - Just a reminder on how many potential actions - that are *not* being taken - that could potentially be taken in order to make Aussie housing more affordable:
* Remove negative gearing on property unless new build * Add PPOR to pension asset test * Tie immigration rates directly to new housing construction rates/building approvals * Stricter punishments for those lying on loan applications/approving "liar loans" * Continue to raise home loan interest rates * Stricter cap on debt-to-income ratios on home loans * Alter the Skilled Jobs Visa list to prioritise migrants with construction skills, remove more of the 'BS jobs' on the list * Stricter regulations for better build quality of apartments * Restrictions on ownership of Australian property by non-residents * Approve higher density zoning & construction in desirable urban areas/near train stations * Cap/limit on max number of properties owned per person (e.g: 1 PPOR, 1 IP) * Remove all other tax breaks / CGT discounts for investment properties unless new build * Create better/faster public transport links * Tax breaks/incentives for businesses to establish offices in regional areas * Relax zoning laws/restrictions in middle ring suburbs * Ban "contact agent" and other deceptive practices on real estate listing websites to provide more accurate/realtime price discovery * Further encouragement of Work From Home instead of demonising it, allowing workers to live outside capital cities * Timing rules & regulations for more frequent land releases by developers; heavier taxation on "land banking" * Abolish stamp duty in favour of land tax to increase liquidity in market * Builders incentivised to create more medium density to flesh out the "missing middle" (more decent townhouses/terrance style builds with small yards, etc.) * Reducing % of CGT paid on shares/stocks to encourage business investment vs. property * Apartments better designed with pet owners in mind (communal lawns/parks, soundproofed walls, etc) * Futher investment into/creation of "satellite cities" connected by high speed rail * Tougher restrictions/taxation on AirBNB & similar 'short term rental' services
Buffet indicator is showing some wild times ahead perhaps, combine that with Berkshires record high cash hoard of 30%... chart via barchart.com / Longtermtrends
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