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Dirty Money drying up , CPP speculators take the sidelines, as Sydney Housing Auctions fall !

1,063 views · Published 17 March 2018 · 10:46 · Indexed 10 November 2026

Channel: Mike Martins · 2018 · News & Politics

My Opinion: Australia Needs to wake up and stop selling their country to foreign investors! Sydney’s property market ‘just keeping head above water’ as almost half of homes fail to sell at auction!!

Australian proper can't buy these kind of homes well they can if it was a normal market right the lack of stock on the market is what has driven the markets as Miss miss Donnelly said mr. Christopher said the downturn was a result of regulatory double whammy when the APR a crack down in interest only loans and the federal government clamped down on tax deductions and depreciations on investor properties related expenses and items the tax changes are effectively cutting back on negative gearing it didn't get a lot of media at the time but the real big hit in our view was no longer being able to claim plant and equipment depreciation mr. Christopher mr. Christopher said so basically people were depreciating vehicles and all that stuff under depending if it was on the construction or whatever they were doing and they're not accepting that anymore I think Canada scrapped that like many years ago to coolly auctioneer Damian Cooley said he too had noticed investors deserting property since the regulatory changes I don't think there's a lot of people potentially redirecting their money into other investments instead of buying a two bedroom units and renting it out there's not real short-term game right now mr. Cole mr. Cooley said anyways I don't know what you guys think living down there it's it's the sign of the times it's back in the day it was so it was so obvious it would be a nail salon laundering money it would be a

restaurant on the corner and you know or some bizarre antique store that no one ever walked in would be you know kind of rolling their money around in there and everybody knew it you know everybody knew it but the government got so laxed with the rules and they allowed people with almost no documentation to come in put a down payment and then just roll their money around roll their money around the country the Australia loved the the the flow of capital flowing in from from China and other in places where people are investing from and the lacs regulation allowed a lot of people to come in and buy out the Australian proper and that's what happened it's it's sad now they gotta fix it because they need to get the votes back they need any party right now that runs all they have to do is focus on housing screw education screw what do you call it health care score everything it's housing because without the housing you don't lay the roots we don't lay the roots you don't have the family you don't start the families you don't have kids the country deep populates and then they start using that to bring in more people with money and they use that excuse depopulation we need more let me know what you think come below I like to know guys I'm really tired sorry my vision is blurred it's almost midnight here so thanks for watching let me know

Dirty Money drying up , CPP speculators take the sidelines, as Sydney Housing Auctions fall !

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