Parliamentary Budget Office drops the truth bomb: 59% of the 50% CGT discount bonanza goes to the richest 1% (earning >$362k).
The system is rigged—tax breaks for millionaires while housing becomes a fantasy for the rest of us. Scrap this inequality engine.
#CGTDiscount, #HousingCrisis, #Auspol #BuildSocialHousing #NegativeGearing
@timrichards Great article calling out investor tax breaks as the bigger culprit in Australia’s housing mess, not migrants (it’s behind a paywall). But it misses a key real-world example: Victoria has hit investors hard with higher land taxes, lowered thresholds, vacant residential land taxes (now statewide), etc. Result? Melbourne’s median house price (~$1.06–1.11M recently) lags well behind Sydney’s (~$1.7M+), with slower growth and more first-home buyer entry. Proof that curbing investor advantages can actually tame the ponzi-like property market without killing the economy
Another @news.com.au tearjerker: a 'huge hit' to property investors if we dare touch their sacred 50% capital gains tax discount. Poor dears—nurses, teachers, the lot—might lose their speculative windfall!
Meanwhile, property speculation fueled by these very tax rorts has supercharged prices, locked out first-home buyers, driven rents through the roof, and left thousands homeless or destitute on our streets. Over 120k without a home, millions at risk from one rent hike or job loss, while investors hoard for tax-subsidised gains.
Priorities, eh Rupert? Tax breaks for the wealthy over roofs for the vulnerable. Time to end the rort and fund real housing.
#HousingCrisis #Homelessness #TaxTheRich #EndSpeculation #PeopleOverProfit #NegativeGearing
@Old_IT_geek Respect for voting for Shorten's reforms even though you'd cop a hit — that's rare integrity in this game.
Totally agree: ditch the 50% CGT discount on investment properties (speculative hoarding, not productive), and scale back franking credits that let companies dodge tax while starving reinvestment.
But let's be real: very little chance the property-rich pollies in Canberra will actually change anything meaningful. Over half of federal MPs own multiple properties (some 5–7+ investments), averaging ~2 per person — way above the average Aussie household. They're literally legislating their own tax perks.
No wonder the rort survives. We need outsiders pushing harder.
#AusPol #HousingCrisis #TaxTheRich #PropertyRort #NegativeGearing
The government literally spends more on tax handouts to property investors than it does on social housing + homelessness services + rent assistance combined.
Meanwhile waitlists blow out, rents crush people, and homelessness keeps climbing.
Tme to axe negative gearing and the 50% cgt discount and actually build homes for people, not just wealth for landlords
#housingcrisis #taxtherealestateclass #negativegearing #endcgtdiscount
@crouton @Susan60 @luciedigitalni
Ever wonder why both Labor and the Coalition treat the 50% Capital Gains Tax (CGT) discount like a sacred relic?
It isn’t an accident or a "complex economic necessity"—it’s a massive conflict of interest.
The latest 2025 registers show that the Australian Parliament is essentially a landlords’ club. When we talk about "the housing crisis," we’re asking for reform from the very people who profit most from the status quo.
The Breakdown: Parliament’s Property Portfolio
• The Numbers: Over half of all federal MPs and Senators own multiple properties. At least 50+ are active landlords collecting rent.
• The Average: MPs hold roughly ~2 properties each, a rate that dwarfs the average Australian household.
Spotlight on the "Top Dogs"
The leadership on both sides of the aisle is heavily invested in the property market:
• Anthony Albanese: Owns the family home, plus investments, plus that multimillion-dollar clifftop getaway.
• Sussan Ley (Opposition Leader): Holds a serious portfolio including residential property, two investments in Albury, and another on the Gold Coast.
• Tony Burke: Declared six homes.
• Peter Dutton: A long history of "serial investor" vibes with significant property interests.
The Solution is Simple but Politically "Impossible" for Them:
1. Tax capital gains like wages. Why is work taxed higher than speculation?
2. Phase out negative gearing. Stop subsidising investor losses with public money.
3. Prioritise housing justice over class interests.
It’s time to boot the Landlord Parliament. We need representatives who view housing as a human right, not a tax haven.
#auspol #housingcrisis #cgt #negativegearing #taxtherich #landlordclass
NSW Labor gov just told federal Labor: 'scrap that 50% capital gains tax discount already. It's funneling billions to wealthy property hoarders, jacking up house prices & screwing first home buyers out of a future.'
$23 billion in forgone revenue nationally, $8.7b from NSW alone. All so investors can outbid young people & turn housing into a tax-subsidised casino.
Even a state Labor treasurer is saying it out loud now.
Meanwhile federal Labor still too scared to touch it because 'muh 2019 election'. Time to grow a spine, Albo. End the Howard-era welfare-for-the-rich racket. Tax capital gains like actual income. Housing is for living in, not speculating on.
Australian Unions calling for #albanesedonothing to phase out capital gains and negative gearing on housing. Albo has one last chance for being remembered for something but I doubt he will do it. #housing #negativegearing #capitalgains #theguardian #dabjervasbardy
What housing crisis? For most, there isn’t one – but look how the other third live
https://www.smh.com.au/national/what-housing-crisis-for-most-there-isn-t-one-but-look-how-the-other-third-live-20251210-p5nmjs.html
This article by Dr Kate Shaw, an urban geographer at the University of Melbourne, correctly identifies the root cause of the housing problem in Australia: people treating land and housing as investment vehicles, and extracting as much financial return from them as possible in rent or at sale. On top of that, governments keep offering tax incentives (such as negative gearing) to investors, which encourages buying and selling churn.
Dr Shaw also demolishes the myth of housing affordability being a problem of supply-shortage. She shows how a simplistic increase in supply will only worsen the problem for people who want to buy a home to live in, and encourage property developers and property speculators to worsen the iniquitous housing market. Dr Shaw writes:
"Here’s the thing: no amount of increase in density or market-rate housing supply will reduce prices. Nor do governments and most Australians want it to. The market will continue to produce housing that generates profit for its developers and owners, and prices will continue to rise. So let’s do away with the conceit that an increase in supply will increase affordability. It will not."
#AusPol #HousingCrisis #NegativeGearing #HousingAffordability #CostOfLivingCrisis
Aussie suburbs bucking the property trend—some areas see price drops up to $167K in the last five years.
However, the article overlooks Victoria's proactive approach to housing supply. Since 2018, the state has implemented the Vacant Residential Land Tax (VRLT), targeting owners of vacant properties. From January 1, 2025, the VRLT expands statewide, aiming to encourage property owners to lease or sell unoccupied homes, thereby increasing housing availability.
Additionally, the Victorian Government has introduced a 7.5% levy on short-term accommodation platforms like Airbnb, effective from January 1, 2025. This measure aims to prioritise housing and long-term rentals, raising funds to support social and affordable housing initiatives.
These policies are part of a broader strategy to address housing affordability and availability in Victoria.
#property #realestate #victoria #housing #housingpolicy #australia #vacanthomes #investorproperty #shorttermrentals #auspol #airbnb #negativegearing
In jindabyne, about a quarter of homes are now short term rentals. Locals are being priced out as house prices climb past $1.1m and rents have jumped nearly 85 percent in just five years. Towns built for tourism are squeezing out their own communities
#housingcrisis #tourism #jindabyne #shorttermrentals #rentalcrisis #airbnb #negativegearing
Today's "Dog on the Moon" is a showstopper. Just spectacular. One of the frames below 👇
I liked the "jail for 1000yrs." 🤣
#housingcrisis #australiangovernment #australianlaborgovernment #negativegearing #investmentproperty #AusPolitics
Stop subsidising short-stay investors with dodgy tax perks! A new report from Everybody's Home warns that negative gearing and CGT discounts on short-stay rentals are costing taxpayers $111 million to $556 million annually—while Aussies scramble for long-term housing. These loopholes aren’t just unfair—they’re fueling the housing crisis. Time for reform.
#housingcrisis #negativegearing #auspol #rentalcrisis #taxreform #airbnb
Imagine this in Australia: scrapping stamp duty and replacing it with an annual levy on high-value homes. The UK is debating it as a way to open up the housing market and boost growth. But in Canberra? Forget it. Too many MPs and senators are landlords with multiple properties — they’d never dream of taxing themselves.
#auspol #housingcrisis #property #vestedInterests #negativegearing
https://www.ft.com/content/d050e2d9-d66a-4cf3-b692-0bc7c637f46a
Our Federal Government is run by the grubbiest politicians in Australia. The grifters are part of both major parties and both major parties have a vested interest to keep the status quo. Kind of like #negativegearing #capitalgains #housing they only want to see solutions to protect their housing investments. The fox is in the chicken house. #auspol #lnp #labor
From: @abcfeeds
https://rssfeed.media/@abcfeeds/115068253114119043
Investors enjoy billions in tax perks while first home buyers are pushed further out of reach. Negative gearing and CGT discounts aren’t “housing policy” — they’re handouts to the wealthy. A fairer system would redirect this money into public and affordable housing, giving everyone a chance at a secure home.
#auspol #housing #inequality #negativegearing #fairgo
https://amp.9news.com.au/article/7c471643-8377-4927-9575-acddb6b5d297
These two can’t both be true:
On one hand, negative gearing is supposedly inconsequential to housing supply, rental stock, or renters.
On the other, investor borrowing—supercharged by tax perks like negative gearing—is literally choking out first-time buyers from homeownership.
And let’s not forget Victoria. Despite tougher land taxes and investor levies, there’s been no mass exodus of landlords and no collapse in rental availability. So much for the scare campaign that “reform will kill rentals.”
One of these stories is full of it. And it’s not the one showing how investors are flooding the market.
I wonder how many negatively-geared properties the author owns?
#auspol #NegativeGearing #HousingCrisis #FirstHomeBuyers #ausmedia
This Sinclair Davidson op-ed* insists that scrapping negative gearing won’t solve the housing crisis—and is simply ideological fluff. It claims “reforming” the scheme won’t build a single home, won’t help a single renter, and will only make life tougher for “small investors,” while claiming state governments benefit from high prices via tax revenue and thus oppose affordability reform.
But hold up—just next door, a Guardian headline reports property investors borrowed a record $130 billion in the year to June 2025. They’re hogging the market, pushing out first-time buyers—116,000 new FHB mortgages issued vs nearly 200,000 investor loans, the highest level for landlords since 2022.
#auspol #NegativeGearing #HousingCrisis #FirstHomeBuyers #ausmedia
The ultra-wealthy have milked Australia's broken tax system for too long. Today, we must confront how negative gearing, CGT discounts, generous super tax perks, and the absence of inheritance taxes disproportionately benefit the richest Australians. Meanwhile, essential public services and housing suffer.
It’s time to shift the burden back onto those who’ve benefited most. Tax reforms like limiting super tax concessions for massive balances, scaling back property and capital gains loopholes, and finally introducing a fair wealth or inheritance tax aren’t radical—they’re long overdue.
A truly equitable society isn’t achieved through giveaways to the rich, but by ensuring all Australians pay their fair share. Justice demands no less.
#TaxJustice #FairShare #Australia #auspol #negativegearing #taxtherich
The Housing Industry Association’s opposition to curbing negative gearing doesn’t stack up. Victoria has hit investors with higher land taxes and other levies, yet rents haven’t exploded. The data shows investor pullback doesn’t automatically mean tenants get squeezed.
#auspol #housing #taxreform #vestedInterests #propertylobby #negativegearing
https://www.macrobusiness.com.au/2025/08/housing-industry-nonsensical-on-negative-gearing/
