So increased land taxes and unoccupied home taxes do work to stop prices rising quickly. Now take away negative gearing and CGT discounts and do all of this across the country!
The article lists the policy settings as only part of the picture, amongst economic and demographic shifts.
that and a whole slew of minimum standards that are now making being a slumlord cunt very very unattractive
You’re kidding right? I know at least 3 people personally who would riot if that happened and one of them is a politician. Line must go up, if line doesn’t go up it’s time for a new government, if line doesn’t go up enough time for a new government, hell if line goes up in the wrong way time for a new government.
I wonder if there will be a riot/strike anyway?
I mean how long before people refuse to work just to pay someone else’s mortgage?
may be they should pay their own mortgage? It is should be cheaper than rent if you assume that landlord is not contributing.
You understand that buying a house requires good credit and a sizeable deposit? Both of which are things that many Australians are struggling to earn with the increase in rent and cost of basic needs.
If it were easy to “pay their own mortgage”, don’t you think more people would be doing that?
Even the people with deposits and pre-approved loans are struggling to find homes when well established slum-lords can outbid them by 100k on even the saddest 1x1.
And this will kill all small landlords, and we will end-up in situation like UK where single company can own all rental in a city. Dare to say something they do not like, you have to move.
Anyone know of somewhere to report vacant houses? I walk past a bunch that’ve been vacant for years now.
Capitol/capital is one of the stupidest word pairs in the English language. Like, why didn’t they just settle on capitol for the seat of government including both the city and the building? And then use capital for large letters and money-related terms?
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