To avoid the looming generational war...

Simply!

We also need to tax the asset rich/cash poor (over 65′s) more.

1. GST to 20% and raise welfare and the tax free threshold accordingly to compensate.

2. Land tax to replace stamps and create reverse mortgages from Centrelink for those that are asset rich/cash for to pay.

3. CGT on all property sold under 10 years. Exemptions for real reasons to move – health, babies and work. No CGT after 10 years, ZERO!

4. Death tax on the value over $1million at 25%. (Rural and ongoing businesses exempt.)

5. Asset test the PPOR (value over $750k) for pension eligibility and also provide reverse mortgages exclusively from the govt, to those asset rich/cash poor. It is not fair that pensioners can live in a $5 million dollar home, have $1m in cash and still get a part pension!

Robert Oakeshott MP shows his complete lack of a social conscience

Recently in a twitter conversation, Rob cheered that house prices were rising again. When I asked him why that would be a good thing for an advanced society, he responded...

"@OakeyMP

“Because people own houses under private title, and people’s personal wealth matters. can I put it any more simply for you?”

Julia thinks we can go to 40 million by 2050, she is mad as batpoo!

Mad as batpoo!

As our natural growth drops to perhaps to zero or even negative over the next 2.5 decades as our deaths double (boomers departing the home planet), what she is really saying is that we must accept a double or even a treble increase in immigration. Not going to happen! Will anyone accept 450,000 or 600,000 net immigrants per year? As I said, mad as batpoo!

End of September 2012 – 22 785, 000

ABS says now April 12, 2013 – 22, 988,000

So what 213,000 additions in 6 months? Just shows how ‘out’ the abs really is, like the 300,000 extra that they had that our census showed we did not.

Back of envelope – to get to 40 million from our 23 million, we will need to add 17 million over 28 years, or approx 607, 142 per year. Now lets say we have a natural growth (2013 to 2035) as 2.5 million (2013 at 150k, 2104 at 145k, 2035 at 50k etc to 2050) that means we would need to add 14.5 million net immigrants or approx 518K per year. Yep, not going to happen! What politics is this actually about? It certainly is not about reality or even possibility!

The comments tell the actual story

http://www.smh.com.au/business/property/first-home-buyers-desert-market-20130313-2g023.html?#comments

Wow, what a lesson in sociology.

More ABS BS...

More BS from the ABS.
4102.0 - Australian Social Trends, Dec 2012
http://abs.gov.au/AUSSTATS/abs@.nsf/Lookup/4102.0Main+Features20Dec+2012

Read this and tell me how the international students, who were counted as permanent residents, get to return? They must leave and then apply for a skilled visa to return. The ABS is clearly wrong, like they were about being 300,000 people over our actual population...

http://www.immi.gov.au/media/statistics/statistical-info/oad/perm-dep/permdep.htm

Time to stop residential speculation.

1. Land tax on all property.
2. Full CGT on all property sold under 10 years ( exemptions for health, work or babies – legitimate reasons to move). No CGT for anyone if sold after 10 years.
3. Abolish stamps.
4. Rental pricing regulations so mining and natural disasters does not send rents to the moon.
5. Reverse mortgages supplied by Centrelink, for those who elect to accrue the land tax.

Rising house prices, well above the cpi or wage growth, is not desirable to an advanced society.

Australian Suburbs Population Decline 2006 to 2011

I am still in awe of the amount of suburbs like Rochedale, Springwood, Jindalee, Albany Creek and Capalaba that had population declines from 2006 to 2011.

A very nice new tool from Fairfax to play in.

Fairfax Population Growth Tool

So population decrease or increasse has very little to do with house prices, but population growth does?
I will need to ponder hard on the spruikers who talk about population growth driving prices higher, for surely the reverse must be true and yet It is not.

The amount of people at any certain age does.

Why did the new families not move into these burbs? Too unaffordable? Ganny or Grandpa holding onto their home? I suspect it is sociology and a dramatic rise in lone occupants that have caused the decline. Question is, what will happen to prices in these burbs when the lone occupants start to die on mass as our death rates double over the next 25 years.

Baby boom to death bust.