Australian Property Bubble: 3. CGT and the investor inflation

[samlau121]

great video mate. alot of time and effort put as i can see. Bubbles gonna pop soon.

[DavidAKZ]

Now this ! tinyurl . com / 82cjxqd

[mysupermaltese]

Politicians use tax payers' money for those first home buyers to get in to debts, buying properties they can not really afford, spending on what they should not be spending on..wake up! People.

[Jonosghost]

The current politicians seem to have a vested interest in property. The best way to increase productivity is to put massive taxes on companies and individuals with more than 2 houses. This will encourgae investment in manufacturing.

[mirabilo]

Why are Aussies so fucking boring.

[myne00]

You missed one key detail.

1997. The CPI was rebalanced, and removed mortgage interest from the calculation.

This meant the RBA was working off arguably flawed data, thus interest rates, which would normally mop up a good portion of the speculation, were arguably lower than they should have been.

[AussiePropertyBubble]

@myne00

Thanks for the post, another viewer made a similar point but also pointed out data from ATO -

Australia had 1.7 million loss making property investors in 2008-09, losing collectively $6.5 billion. While this is down from losses of $8.6 billion in 2007-08, six out of ten investment properties lose money every year.

Australian property market has relied on negative gearing for a long time.. i don't believe it could be pulled.