Pete Wargent
speaker
553 appearances
2 recordings
1 series
first heard Oct 2022
last heard Jan 2023
Pete Wargent’s voice in public audio — every appearance, attributed to the second.
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Appearances
But yeah, I mean, actually, over the past dozen years or so, you sometimes had that.
If you've got maybe a 5% deposit, you just say, well, instead of saving up to get to 10 or 12, just buy now, suck up some lender's mortgage insurance and get on the ladder sooner.
I think in a rising market, people generally do that.
When the market's cooling, then you might be a bit more reticent and
you know, sit on the sidelines, which is actually exactly what's happening this year.
People have got mortgage pre-approval, but they're like, but the market's falling.
So why would I rush in, you know?
So, but yeah, I think you'll find most first time, it's like the marshmallow test, right?
Most people will just take the marshmallow now and not pay the stamp duty, I guess.
Yeah, and this is why you'll never get a job in politics because they never think this far ahead.
This is a rerun of the negative gearing debate in 2019.
Bill Shorten and Chris Bowen went in with this policy.
You can still negatively gear a new property, not an established one, no impact on the market.
And it's like, okay, this is what they call type one thinking in Daniel Kahneman.
system one.
But what happens when the next person comes to buy this property and they can't negatively hear it, the resale market falls away.
So it does have an impact.
But we just went through, let's not bore people too much with tax talk, but we just went through this with the Queensland land tax.
They came up with a plan where they would tax.
So somebody has a rental unit on
Showing 441–460 of 553 · page 23 of 28
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