Money, Economic & Personal finances :: World finance

15m price tag for island paradise in queenslands richlist playground




ONE of Queensland’s most expensive homes has hit the market at an eye-watering $15 million in an area dubbed the playground of the rich and famous.

Solis, which was built at 4 Plum Pudding Close Hamilton Island in 2010, has only just come on the market and was already attracting both local and international interest, said real estate agent Carol Carter of Queensland Sothebys International Realty.

The designer waterfront property, which sits on 3,234sq m of land, in the heritage listed Great Barrier Reef region was touted as a boating paradise with 74 tropical islands to explore, diving, snorkelling, fishing and an international golf course nearby.

It has two pools, a gallery area, gym, European fixtures and fittings, three ensuited bedrooms, a designer Boffi integrated kitchen and smart light by Buzzi Buzzi.

The luxury home, which won awards for international architect Renato DEttorre, was built to showcase the stunning Hamilton Island surrounds yet be strong enough to withstand anything nature could throw at it.

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Aussie battler who asked for a tax break already pays no net tax




DUNCAN Storrar pleaded for a tax break for people on minimum wage but it turns out he is already getting one.

The Melbourne man, 45, stole the show on Monday nights episode of Q&A when he spoke candidly about his difficult financial situation.

Ive got a disability and a low education, that means Ive spent my whole life working for minimum wage, Mr Storrar said.

Youre gonna lift the tax-free threshold for rich people, he said to Assistant Treasurer Kelly ODwyer.

If you lift my tax-free threshold (for me), that changes my life. That means that I get to say to my little girls, Daddys not broke this weekend. We can go to the pictures.

Rich people dont even notice their tax-free threshold lift. Why dont I get it? Why do they get it?

The father-of-two, who lives at home with his mother and has separated from his childrens mother, earns $16 an hour as a truck driver working sporadic hours.

Currently, the first $18,200 of a persons yearly income is not taxed. Mr Storrar was arguing for an increase in the threshold so more of his income would be tax-free.

But a closer look at the numbers reveals Mr Storrar pays no net tax and receives $520 a fortnight in Austudy allowance, according to The Australian.

His story resonated with Australians and he continues to be the face of social injustice two days later. A GoFundMe page set up to provide him with a helping hand had raised more than $18,000 by Wednesday morning.

He said his life has not been an easy one but he doesnt consider himself a battler as such.

Nah, I just call myself an Aussie, he said.

It was revealed on Tuesday Mr Storrar has been in a decades-long battle with post traumatic stress disorder caused by sexual abuse.

He has his share of supporters, many of whom donated kindly and left messages of support on the fundraising page set up on his behalf.

This guy deserves every cent, one supporter wrote.

Duncans comments made more sense than anything said up to now, by any politician. He is showing them how even the average person can see how unfair the system is, another wrote.

Others have contacted news.com.au directly asking to be put in touch with Mr Storrar to offer to finance a trip to the movies for him and his daughters, aged eight and six.

But not everybody shares that view.

A Go Fund me campaign set up for Duncan Storrar to get a toaster has raised thousands after he touched on the hot topic of taxation on Q and A on Monday night

Radio hosts Garry Linnell and John Stanley from 2UE in Sydney said on Wednesday morning Mr Storrar was sucking on the public teet.

Hes paying no tax, Linnell said. Hes sucking on the public teet and he has been for years, so whats he complaining about?

Im a little bit over these people who are complaining all the time.
On The Australians story about Mr Storrars financials, one commenter wrote: Just another bludger with an inflated sense of entitlement.

Others wrote: Just a simple thank you to those of us who support you would have been more appropriate, Duncan, and How dare he ask for more from the people who already put food in his mouth, that of his kids, and that of the housing commission dwelling ex.

The hashtag #IStandWithDuncan continues to gain traction on social media.

News.com.au has approached Mr Storrar for comment.

Should we feel sorry for him or has he got his fair share? Join the conversation in the comments below.