Australian Broker forum is the place for positive industry interaction and welcomes your professional and informed opinion.

Swan's song: How the Budget hits brokers

Notify me of new replies via email
Australian Broker | 09 May 2012, 06:00 AM Agree 0
In the wake of Treasurer Wayne Swan's Budget, Australian Broker examines how the eagerly awaited plan will affect you, your family and even your consumption of grog and cigarettes
  • Incognito | 09 May 2012, 10:37 AM Agree 0
    Politics aside, it was a 'clever' budget..

    It's tricky criticising it. Can't wait for the budget reply
  • John C | 09 May 2012, 11:03 AM Agree 0
    As long as Hockey keeps his reply low-key, and Abbott keeps his mouth shut the incumbent government will lose the next election through its incompetence.Hopefully this will allow the nanny-state to be unwound and a semblance of good business order to be reinstated.
  • Country Broker | 09 May 2012, 11:18 AM Agree 0
    Absolutley nothing in this to help regional Australia except for te family allowences , very city centric , a great disappoitment
  • Michael | 09 May 2012, 12:13 PM Agree 0
    What do you expect Mr Abbott to say? Something constructive?? Dream on
  • Mr Mortgage | 09 May 2012, 12:16 PM Agree 0
    A pretty fair Robin Hood budget all round, with high income earners the target.
    What I have been asking for is a National Land development scheme to reduce the cost of homes.
    Building costs have GST on them and yet have not doubled, whereas residential land has gone up 4 times in ten years. Why? In a land the same size as the US, and with 15 times less people is out land many times dearer? This is where the problem is. But the States don't want to fix it because they are addicted to the easy money, and the HIA has buried its head in the sand, and now want government handouts?
    I rember how easy it was to set a loan, and have it approved, and when there was no such term as mortgage stress.
    Its time this industry started to become part of the solution and low interest rates were the problem, not the solution.
    I used to sell plenty of houses when interest rates were 12%.
    Before you can fix a problem its best to know what the problem is. Land prices are the problem. Fix that and everything changes.
  • Julia Swanee | 09 May 2012, 02:22 PM Agree 0
    Swan's arts degree at work again, marketing a surplus, but plunging the nation's finances further into record debt. He conveniently left out the $40bn+ cost of the NBN white-elephant and he's is reliant on the revenue from the CO2/Carbon tax scam (remember the Government's climate-change forecast/spruik that ongoing drought was the new norm and that we can no longer rely on the rains to return, hence the need to save the nation and the world via a CO2 tax & multi-billion dollar white elephant desal.plants. Mother-Nature now mocks the Government by filling our dams to the brim in a few months, as she has always done over millenia.)

    The nation groans as it awaits the next Federal election.
  • sidbroker | 10 May 2012, 09:17 AM Agree 0
    This is what we need for a start. 1. No Stamp duty, Land Tax or Capitol Gains Tax on property. 2. Abolish NCCP. 3.Disband ACCC and ASIC as they are both simply a burdon on our Great Nation and are simply not useful in any way other than to terrorise small busiess.
Post a reply