this post was submitted on 25 Sep 2024
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Australian Politics
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Don't threaten me with a good time.
Investors, with their ability to outbid potential owner-occupiers are a significant component in the current rise in housing prices.
Those rising house prices are DIRECTLY related to the raising rent prices.
Negative gearing was implemented to achieve a change in the market, a large thumb on the scale by the government.
Now it's time to step back and reassess the market and figure out what we need to do to achieve our desired outcomes.
Million dollar plus shoe boxes, whole suburbs dominated by short term rentals, people using the 15% equity on their 4 investment property to back a 5th in a giant house of cards gamble are NOT HELPING.