The government will just import more tenants, and increase their handouts.
If rents have really reached a limit in some cities, what’s going to happen when the Reserve Bank increases interest rates in response to inflation? Are we going to see some property investors being forced to sell up?
Are we going to see some property investors being forced to sell up?
to sell up they need a buyer, if not another “investor” then it will be a home owner, so they too can be up to the top of their eyeballs in debt and pay it off with their Super when they are 65.
or move to Italy
there’s also the seemingly likely changes to CGT and negative gearing on the horizon
I really don’t think the limit has been discovered yet. People will skip all sorts of necessities to stay housed. Lots of investors have family to lean on, move back into the family home etc. Shit is gonna get really bad in the coming years.
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