pmsl i'm a tad confused now are you trying to say that there a so many costs involved in investing in property that it's not worth it? If so you must be plain stupid to invest in property. Or are you saying that it's a good investment that creates money which feeds the economy. Property investment has put house prices through the roof which in turn pumps rental prices up wich leaves ppl who don't own their own home already trapped paying through the teeth just to stay afloat. Am paying off my home but the way things are now my kids will be living with me till their farken 50 unless they become doctors or lawyers. More people unhappy with the way the country is headed now then ever before, cost of living is part of it. You looking at it for how it benifits you and your investment. Try pulling up at a job site grab a few labourers and tell them how your doing them a favour owning 2,3,4 properties lol
Nothing to be confused about. I'm simply replying to what you said. You said that the laws are designed to put property investment ahead of people owning their own homes.
I'm simply saying that this is not the case. It's actually easier to buy your principal place of residence(owner occupier, where you own and live in the home) than it is to buy a property as an investment. I didn't say it wasn't worth buying an investment property as an investment, but the tax exemptions and benefits of owner occupier purchases debunks your theory of "laws designed to put property investments ahead of owning your own home"
The benefits of Owner occupier home purchases:
1. No capital gains tax
2. No GST on sale of new properties
3. No Land tax
4. Lower interest rates than investment loans
5. Benefits for first home purchases(grants and stamp duty exemptions)
Australia is the land or opportunity and prosperity. Have a look at suburban Australia as it is today compared to a lot of countries around the world. It is the best country in the world thanks to it's laws. It has one of the lowest unemployment rates in the whole world.
You know Australia is a big country, no one is forcing you to live in an expensive area.
And by the way you don't have to be a doctor or a lawyer to buy your own home, unless of course your talking about living in Vaucluse.
These days kids waste their whole 20's and thousands of dollars on partying, travelling and buying cars and end up having no money to put a deposit on a house when they are in their 30's.
Sorry but this is called choice. I don't buy it and I never will.