See this guy? Heโs a millionaire property investor who owns over 30 properties.
This scare campaign of his is aimed at middle-class people to buy up more property - just like him - or โget wiped outโ
He is part of the problem. He makes his money from property and renting his properties while they increase in price. They are therefore NOT on the market to buy for any prospective first-home buyers.
This is one of the biggest problems with home ownership - it started with John Howard when he reduced capital gains tax. Australia has endured boom property investment ever since without the concurrent new builds to keep pace.
You are looking at one of the main problems with housing availability and affordability - right here. ๐๐ป
Not immigration, is it?
@HS19661966@sati5454@subtlesigns@lesstenny They will do nothing in those years. Climate change and negative gearing are the two things that need fixing and will not be addressed.