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forwardsteps 🪢 4mo ago

Oh no! Our government is "helping" again. Now... have a little think. 💭

In the coming months, what do you think the inevitable impacts will be?

Fun fact: with this new scheme, if you have a student debt it will not be factored into your ability to make the mortgage payments.

Fun fact: no matter how well off your parents or how high/low your income, you could buy a $1.5M home with a $75K deposit and zero mortgage insurance needed, even if you have a $150K student debt. What could possibly go wrong? 😑🤣😂😳🧡

Our tax dollars will cover any damages.

Stack, hodl, spend and replace Bitcoin. 🧡🧡🧡🧡🧡🧡🧡🧡🧡🧡👍👍👍

Source: https://www.housingaustralia.gov.au/media/unlimited-places-higher-property-price-caps-first-home-buyers-1-october-2025

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dagwood 4mo ago

If you own it they can tax it.

Empty bedroom tax incoming.🤡

Housing prices through the already destroyed roof.

Rent increases inbound.

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forwardsteps 🪢 4mo ago

They're good aren't they? 😡🤬😱🤯

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dagwood 4mo ago

I smell a stimmy check coming for low wage earners to boost the economy when the dust settles from this.

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forwardsteps 🪢 4mo ago

Aaaaaah! 😱😳🤬🤣😂

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Swant 4mo ago

Just talked to someone who wants to sell their house. They aren't going to put it on the market until this kicks in as they think they will get more.

Seems like prices go up again as is usual with every time these clowns interfere.

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forwardsteps 🪢 4mo ago

Yep, I'd wait till November when some of the stock in their price range will already have been bought out.

Agree re. government intervention.

Rents went through roof when they did the huge pro tenant move of limiting increases to annual instead of usual half yearly. Landlords err on the side of caution, of course, and increase more than they might have otherwise. Agents get a nice percentage of that too so they advise landlords to increase. 🫣😆

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forwardsteps 🪢 4mo ago

P.S. the reason I suggested November is to sell after initial rush, yet while the tail is still wagging.

FOMO will hit because many will want their "new home" before Christmas and new year. Agents want commissions before holidays too.

Early 2026 much of the frenzy in news will have died off and Easter is super close to end of the Summer break, so a shorter selling season before Winter. Weather less reliable in Autumn. 🧡