Symond, who sold Aussie last decade beforesaid he had been disappointed with other policy offerings for first home buyers, but backed the government plan because it would allow people to invest their super.
Symond was critical of key Labor policies at the last election and he has previously hosted Liberal fundraiser dinners. He said he had offered the same events to Labor, and the party had not taken up the offers, and that he was not a member of a political party.
Banks were reluctant to discuss the policy on Monday, with Commonwealth Bank, Westpac, ANZ Bank and the Australian Banking Association declining to comment. Dargan backed the policy overall, saying that saving a deposit was the main challenge for most home buyers. But he said a key blind spot was that it did not address housing supply, and another question was what would happen if the buyer sold their property due to financial distress.
clancyyeates Maybe a higher amount could be released to those who are either living in regional centres already, or are about to buy in regional locations. This will decentralise Melb/Syd/Bris and Australia’s major city fascination. 80% of our ppl living in only 3 cities. ScottMorrisonMP
clancyyeates Oh please! These snake oil salesmen say anything for a buck.
clancyyeates Hahahahaha that’s preposterous
clancyyeates Of course he would, he owned a home-loan business. The drunk backs free beer at the pub. Doesn't mean it's the right thing to do ScottsSuperTax NoSuperNoFuture ausvotes auspol
clancyyeates Goodness. Such an unbiased opinion from someone who in no way will benefit from this scam.
clancyyeates wrong symond died
clancyyeates Lol
clancyyeates Anal retention!
clancyyeates
clancyyeates Of course he would he gives out loans and a thief as well
clancyyeates Yeah right/ like people bid above pre-approvals……
clancyyeates You wot,mate?
clancyyeates Mr Symond knows a thing or two about realestate, but this is just ridiculous
clancyyeates What a load of rubbish
clancyyeates Fits this template pretty well. auspol ausvotes
clancyyeates source: trust me bro
clancyyeates Yeah, he would say that wouldn't he. Like asking a baker about bread. FFS FireTheLiarFromTheShire
clancyyeates Aussie John I am sure has plenty of houses so need not worry. Is he somehow connected to Aussie Cossack? Are you reduced to writing puff pieces for dickheads?
clancyyeates Hang on… Who’s savings was I using before?
clancyyeates oh FFS really? We are doing the 'up is down and down is up' thing with public policy now
clancyyeates Utter rot.
clancyyeates YOU CAN TRUST ME .
clancyyeates This has to be the Stupidest Comment of the Week. They'll be more cautious because 'they're using their own savings' What the f*ck do you think they would be using if they weren't dipping into their super? 2 goats and a sheep? FFS.
clancyyeates 🤣🤣🤣unlike what they’ve always been using? Wtf
clancyyeates Err no, real estate agents will push up the price because of a heated market. Why not stop SMSF and corporate entities from owning or purchasing domestic residential properties. Take the heat out of the market?
clancyyeates lol it's only going to serve his interests
clancyyeates What are you using when you’re buying a house not using savings? A lot of gold found at the end of a rainbow?
clancyyeates Get a grip. Ludicrous logic
clancyyeates Yes. People are cautious with money. That is why they gamble, booze up, smoke cigarettes and spend their money on smart phones, tablets, eating out, expensive clothes, cars, and holidays.
clancyyeates Hahahaha, has he not been paying attention?
clancyyeates What a load of self interested crap.
clancyyeates What a joke
clancyyeates Did he say this from his $120 million mansion in Point Piper or his $100 million superyacht?
clancyyeates Super safer in bricks and mortar than in shares. Especially with the coming global financial crash coming.
clancyyeates Of course he would - more commission
clancyyeates They are already using their own savings numnut - its called a deposit for a reason. He just wants the same old same old, because its actually better if less people get more expensive mortgages - less work for more return.
clancyyeates What a surprise that the housing and mortgage market endorse this bizarre LNP policy. They make a heap out of home buyers.
clancyyeates Stop The Press! You’re kidding?
clancyyeates I've given up trying to work out which 9fax stories are intentionally satirical, and I now presume that all of them are.
clancyyeates At Aussie, we will gladly take your Super
clancyyeates Crap. What’s average super balance of couple under 30 & where do they get other 5% & cos this guy has always had buyers front of mind making his fortune steering innocents to wolves and generating personal wealth but sold out himself to those same wolves - what a guy 🙄
clancyyeates Are you serious about printing that, embarrassing
clancyyeates Lose your super, they water down your medicare and ruin aged care. Good luck later in life.
clancyyeates So there’s no benefit to them because others who have more funds will outbid them. ScottMorrisonMP only wants to help the rich and John Symond seems happy with that situation
clancyyeates A home loan millionaire shock fucking horror
clancyyeates Says one of the richest men, wealth built on selling people mortgages.
clancyyeates So...they'll be homeless. Cool and normal.
clancyyeates “McDonalds CEO backs government subsidised liposuction over dieting”
clancyyeates Oh ffs 🤦♂️ Vested interests on fire 🔥 here auspol
clancyyeates Of course the deposit is somebody else's savings.
clancyyeates Bullshit … complete and utter bullshit The coalition wrote a SCATHING report touting that this VERY SAME policy would drive prices skyrocketing and negatively impact all Australians Superannuation in the long term NOW it’s apparently a magic trick Liars ausvotes auspol
clancyyeates What?! I wonder if that sounds stupid to him when he reads it out loud
clancyyeates Come on, the guy benefits from increased demand for property and finance, what do you think he’s going to say?
clancyyeates Lol
clancyyeates LOL
clancyyeates
clancyyeates What a lot of rot!!!
clancyyeates What were people using before Andrew?
clancyyeates So I downsize, collect $300k into super. I now have the remaining CASH to buy a house. I’m competing now with first time buyers, so I inflate my bid to win, driving up the price. Who wins? Neither me or my competition. Real estate agents and banks, they win! It’s nuts.
clancyyeates Lol, OK, sure, that's how auctions work. 'Let's only use $30k of our super for this $1.25 million house against that couple over there willing to use $50k of theirs.' Righto Symmo.
clancyyeates The biggest issue is banks not viewing rent as an ability to save. Paying 26k a year in rent should be viewed the same as saving and repayments. Impossible to get ahead with wage growth not matching inflation. Being forced to pay someone else’s mortgage.
clancyyeates Oh bullsh!t
clancyyeates What a joke
clancyyeates I always worry about someone who has been bankrupt and then makes their fortune and what happened to the people they owed money to before declaring.
clancyyeates What total BS!
clancyyeates Twitter really needs a laugh response
clancyyeates Isn't this the crux of the matter - people (and banks) willingly paying inflated prices for houses and the lending thereof?
clancyyeates What? Luke they did when the government let them use their super to splurge on a new TV or a Bullbar for their Ute during Covid? They’ll just see it as free money
clancyyeates What crap.
clancyyeates Do people not normally use their own savings for a deposit?
clancyyeates Something about Turkeys voting for Christmas.......
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