XPost: aus.politics, misc.invest.misc, talk.politics.guns
XPost: sac.politics, alt.home.repair

Australia’s government will ban foreign investors from buying established houses for the next two years as part of an election pitch to tackle
surging home prices.

From April 1, foreign investors will be banned from buying established
property until March 31, 2027, Housing Minister Clare O’Neil said in a statement Sunday. The restriction will then be reviewed to determine
whether it should be extended.

Australia’s housing is some of the most unaffordable in the world and
soaring property prices will be a key election issue amid a broader cost- of-living crisis, especially among young voters who fear they’ll never be
able to buy a home.

In Sydney, housing values have jumped almost 70% over the past 10 years,
with the median dwelling price now around A$1.2 million ($762,000),
according to property consultancy CoreLogic Inc. Rents have also been
climbing.

Still, the ban is likely to have only a marginal effect on prices.
Overseas investors bought A$4.9 billion of residential real estate —
including vacant land, new and established dwellings — in the 12 months
ended June 30, 2023, according to the Australian Taxation Office.
Established dwellings accounted for about one third of the total.

The tax office will be given extra funding to help enforce the ban, O’Neil
said Sunday.

The government’s move to ban foreign purchases of established houses
matches a pledge by opposition leader Peter Dutton made last year. An
election must be held by May 17, and polls show it will be a close fight,
with cost-of-living concerns and housing among the top three issues.

https://fortune.com/2025/02/16/australia-housing-foreign-investor-ban- home-prices-rent/

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XPost: aus.politics, misc.invest.misc, talk.politics.guns
XPost: sac.politics, alt.home.repair

On 2/17/2025 3:00 AM, J White wrote:

Australia’s government will ban foreign investors from buying established houses for the next two years as part of an election pitch to tackle
surging home prices.

From April 1, foreign investors will be banned from buying established property until March 31, 2027, Housing Minister Clare O’Neil said in a statement Sunday. The restriction will then be reviewed to determine
whether it should be extended.

Australia’s housing is some of the most unaffordable in the world and soaring property prices will be a key election issue amid a broader cost- of-living crisis, especially among young voters who fear they’ll never be able to buy a home.

In Sydney, housing values have jumped almost 70% over the past 10 years,
with the median dwelling price now around A$1.2 million ($762,000),
according to property consultancy CoreLogic Inc. Rents have also been climbing.

Still, the ban is likely to have only a marginal effect on prices.
Overseas investors bought A$4.9 billion of residential real estate — including vacant land, new and established dwellings — in the 12 months ended June 30, 2023, according to the Australian Taxation Office.
Established dwellings accounted for about one third of the total.

The tax office will be given extra funding to help enforce the ban, O’Neil said Sunday.

The government’s move to ban foreign purchases of established houses matches a pledge by opposition leader Peter Dutton made last year. An election must be held by May 17, and polls show it will be a close fight, with cost-of-living concerns and housing among the top three issues.

https://fortune.com/2025/02/16/australia-housing-foreign-investor-ban- home-prices-rent/

Similar happening in this country. A developer put up 200 new houses
and half were bought by investment firms. They will rent them out and
are driving up rental prices.

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XPost: aus.politics, misc.invest.misc, talk.politics.guns
XPost: sac.politics, alt.home.repair

On 2/17/2025 1:08 AM, Petzl wrote:

On Mon, 17 Feb 2025 08:00:39 -0000 (UTC), J White <jwhite@none.com>
wrote:

<https://fortune.com/2025/02/16/australia-housing-foreign-investor-ban-home-prices-rent/>

https://tinyurl.com/t3rtctsh
Australia to ban foreigners from buying some homes as costs soar ***************************************

The REAL problems in housing unaffordability was started by John
Howard in 1999 by cutting "CAPITAL GAINS TAX" from (check
https://t.ly/2FKyw) example, 50% to 25% which, IMO, made negative
gearing a guaranteed easy money scam.
Property prices started increasing and escalating faster and faster.
At 50% it was still a reasonable investment at 25% it's a money making
scam.
Federal Parliament has 435 politicians and only 12 have not declared a negative geared property portfolio!
the link below explains most.
https://youtu.be/iqUFERBJwoY

The US problem got it's roots when Bill Clinton relaxed loan
requirements and suddenly anyone could "qualify" for a loan. That led
to a flood of purchases, defaults and outright theft. Obama tried
something similar, but he didn't have near the impact Clinton did.
There are still lawsuits in progress and abandoned properties around
that were totally stripped and wrecked by the buyers.

If one has a good reliable stable income "negative gearing." is done
by approaching a bank for a loan on rental property, that includes all repayments, insurance (bundled together), for the time of the loan.``
A bank is only concerned about one's ability to reliably pay the
interest.

Unless you're doing business in the state of New York, your name is
Trump and a Republican. Then despite paying back the loan on time and
in full, the attorney general does a ham sandwich indictment and
conviction on you.

Ones interest rates are tax deductible,
one has to include rent as income.
To find out more ask your bank and or financial advisor.
Many invest in multiple properties/homes depending on their income
from your employment (this particularly includes politicians).
This suggests to me politicians need mass immigration to supply home
renters and squalid rental homes for them to live in.

https://nypost.com/2024/06/14/us-news/how-non-citizens-are-getting-voter-registration-forms-across-the-us-and-how-republicans-are-trying-to-stop-it/
How non-citizens ( ILLEGAL ALIENS) are getting voter registration
forms across the US — and how Republicans are trying to stop it

https://rumble.com/v5w0plw-biden-administration-under-fire-for-distributing-voter-id-forms-to-illegal-.html

The USA had voter registration cards back in the 60's. If you didn't
have a card, you didn't vote.

Democrats claim blacks are too stupid to get ID cards or drivers
licenses now in 2025.

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XPost: aus.politics, misc.invest.misc, talk.politics.guns
XPost: sac.politics, alt.home.repair

In <op.217kcmptbyq249@pvr2.lan> Rod Speed <rod.speed.aaa@gmail.com> wrote

Petzl <petzlx@gmail.com> wrote

Rod Speed <rod.speed.aaa@gmail.com> wrote

Petzl <petzlx@gmail.com> wrote

Snipped this was about negative gearing bank loans in Australia

No such animal, there are JUST mortgages which may
or may not qualify as negatively geared depending on
the income the landlord manages to get the renter to pay
nd that isnt even possible with a very tight rental market
when the landlord can charge anything they like rent wise.

driving homes and rents up

More of your mindless pig ignorant bullshit.

<reams of your pig ignorant shit flushed where it belongs>

Coming from someone heading to Turkey

Taint me doing that, fuckwit, as I said right from the start.

You can't afford to go to Turkey. Hell, you probably can't even afford to buy one.

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