Budget: No more ‘Crocodile Tears’

By |

With an economy now 13% bigger than it was before the GFC, Government’s crying over ‘powerful global forces’ conspiring against its surplus promise is ‘crocodile tears’,  claims wealth advisory group Chan & Naylor.

Ken Raiss, a Director at Chan & Naylor, said that the Federal Budget greatest achievement is creating additional and unnecessary red tape. 

“The introduction of a levy to fund a super committee to look at a committee to do what the government should be doing is ill-considered and wasteful,” Raiss said.

He added that the budget leaves a lot to be desired. “The Federal Budget should be setting the nation up for hope and increased confidence rather than disillusionment,” he said.

“In response to this Budget I would like to see a Coalition plan that helps drag Australia out of gloom and doom, which ensures the safety of our AAA credit status and encourages small to medium as well as big business to expand and grow through innovation and employing aspirational Australians.”

Can you afford to buy in this suburb? Find out how much you can borrow

Top Suburbs : trott park , leumeah , scarborough , woolloongabba , the basin

go back

Get help financing your investment



Do you need help finding the right loan for your investment?


When investing in property, it is important to make sure that you not only have the lowest available rate that you can get, but also have the correct loan features for your needs.

Just fill in a few details below and we'll then arrange for a local expert Aussie Mortgage Broker to contact you and work out what features or types of loans are right for your needs. We'll even help with the paperwork. Plus, our mortgage broking service is at no cost to you.

How soon would you like a mortgage?
What is your Annual Household Income i $
Do you currently own any Investment Properties?
Do you own your own residence?
How much equity do you have in all your current properties?
First Name
Last Name
Where do you live?
What number can we reach you on?
E-mail address
We value your privacy and treat all your information seriously - you can check out our privacy policy here