How Australia's housing market spun out of control — and what we can do to fix it
www.abc.net.au
Margaret's property investment odyssey peaked at 40 properties. At the other end of the spectrum, first-home buyers Justin and Lana are accustomed to disappointment. So how do we solve Australia's housing affordability crisis?

Property investment is ingrained in the Australian psyche, but is it too easy to cast landlords as the villain in our housing crisis?

  • givesomefucks@lemmy.worldEnglish
    31·
    2 days ago

    Exponential tax rate increases…

    The more you own, the higher percent you pay in tax on all the properties.

    Eventually it would get to some level where the increase is prohibitive and would stop companies from expanding.

    But the real benefit is giving smaller landlords a way to compete. Otherwise a corp with 100 homes in an area can depress rent short term so the small landlords sell. Then when the corpnowns the majority, they jack up rent and there’s virtually zero options. People pay or move from the area