Moving to Brisbane: what do I need to watch out for? (aussie.zone)

submitted 2 months ago by [email protected] to c/[email protected]

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Accepted a job in Brisbane. Moving from the Southwest US.

Apparently Grace Removals will be shipping our stuff.

We have a kid that’ll be eligible for 1st year in January. Public or private school?

How did the housing market get so bonkers?

Am I going to have to bring extra ketchup through customs for my kid, or is the tomato sauce close enough to make an easy switch?

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[-] [email protected] 5 points 2 months ago

The government spent 40 years telling Boomers that investing in property was “Safe as houses”, so lots of them have multiple properties. Also: They allowed foreign ownership, so we have international investors buying homes here where their assets are safe.

All this is true, but the more critical reasons are the capital gains discount and negative gearing.

[-] [email protected] 4 points 2 months ago

It was semi necessary at the time, there is a window of boomers who have very little super as the majority of their working life was before mandatory super requirements got to useful levels.

So - get them into cheap investment property with negative gearing and CG discounts, let them build up equity, sell the family home/pay off mortgage when reaching retirement, use the cash and investment property to live a better life than just the pension.

It's not particularly necessary now, but we've let that horse well and truly bolt and every man+dog is into investment property now.

this post was submitted on 21 Mar 2025

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