‘Mum-and-dad’ investors say tax overhaul derails plans for children’s futures

Burpengary homeowner Lisa Le Moyne has put investment plans on hold. Picture: Lachie Millard Burpengary mother-of-six Lisa De Moyne says the Albanese government’s tax crackdown has taken a wrecking ball to the investment strategy she had planned to keep the family together. Ms De Moyne and her IT manager husband, both 50, sacrificed career progression to homeschool their children, now aged 15 to 30. Their financial goals were simply to fund their retirement, and help their children navigate a brutal housing market. The reality of that market hit home when their eldest son, a 30-year-old registered nurse with four boys of his own, was forced to move three-and-a-half hours away to Kingaroy just to afford to build a house. The mum-of-six had a five-year plan to help her adult kids into housing. Picture: Lachie Millard The couple decided on a five-year plan to ease the strain for their younger children. Leveraging the equity in their nearly paid off Burpengary home – a fixer-upper they bought for $370,000 in 2018 – they intended to partner with Ms De Moyne’s sister to buy and renovate an established property in the Moreton Bay region. They consulted Brisbane buyer’s agent Lauren Jones,...