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Joseph Daoud

Aug 22, 2026

19:35
Would you say you're on the wrong side of debate or do you think people are thinking differently?
19:40
Funnily enough, I was never opposed to the removal of negative gearing and the capital gains tax changes on existing property.
19:49
Now, I do understand that 60% of people are for housing prices fall, but they want prices to fall so that they can purchase.
20:01
But what about the people that purchased previously? Okay, now I completely understand that housing prices were out of control in Australia.
20:09
You will see, I'm pretty sure Bankstown got a suburb record of $7 million last year.
20:16
you know, and that was just for as, it was a nice house, but it was a seven bedroom house.
20:21
Now, to me, that says that that's a supply issue, as opposed to it being a, oh, these people are just charging this, these people are just charging this.

5 MINS LATER

25:51
you know?
5:16
Wow.
5:17
And I got one... [laughs] I'll never forget, I got my job at Macquarie Bank.
5:22
They brought me in, and three weeks later they're like, "You're not behind the desk looking at a spreadsheet.
5:27
Go downstairs to sales right now." [laughs] And, uh, they put me straight into the direct team for home loans.
5:34
I'd, I'd never written a home loan before.
5:36
I didn't know what a serviceability calculator was.
5:38
I didn't know, uh, what credit policy was.
6:23
Mm.
69:49
Hmm.
69:50
Th- they've, they've announced two associations that no one has ever heard of.
69:54
"We've consulted with these people, and they, they, they agree with the changes." I can tell you now, we hosted...
70:01
Well, we were a part of two separate small business roundtables.
70:05
I'm, I'm lucky enough that I'm opening my second office in Melbourne, so I was in Sydney and I was in Melbourne, and none of those small business owners who have built, you know, accounting practices, e-com businesses, um, uh, tech businesses, none of them were consulted by the current sitting government.
70:26
Whenever we...
70:27
Even when I put up my billboards, the day after, one of the senators was questioned on it and she said, "Oh, no, I, I, I didn't, I didn't see the billboards, but I heard about them." I'm like, okay, first of all, please, that cost me my money.
75:11
Mm.

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