A bad time for a landlord means they may have to sell their extra properties. A bad time for a renter is homelessness. These are not the same thing, and housing policy in this country should not be treating these two outcomes as the same.
@MChandlerMather So who's building the housing? Who's investing into building housing? With interest rates high! Most renters can't qualify for a mortgage! If their are price caps on rent, investors with money will not build your housing! You need to look up what a Communist/Marxist is!!!
This is the greens every single time. Without investors you have no rental sector, STOP BLAMING INVESTORS. Start blaming the current action at hand which is an unsustainable immigration policy. Australia’s immigration intake average was 70,000 per year pre-2001, it’s now a staggering 175,000 a year not including the 550,000+ we brought in from September last year alone which is 55% of AMERICANS LEGAL migration intake of 1 million per year. Socialist left policies that adopt massive migration numbers are destroying this country. We can’t keep up with the demand in building new homes, we can’t sustain it - Period. Cut migration back to traditional levels and you’ll fix the problem within 5 years! Stop blaming investors and start blaming yourselves in government and government policy failure!
Max that's incredibly disingenuous. 'A landlord just sells their home' and who is buying in this market, the renters? At the moment right now, a real estate agent has more homes than genuine buyers. That means the home sits on the market and doesn't sell. If there is a saturation on the market then house prices go down. Which to the 30% of renters sounds great, but it means many, many buyers, especially those who have only just got on to the property ladder, fall into negative equity - and cannot sell their home unless it is at a loss, or failing that, bankruptcy You can't just magically wish for buyers to appear. But on top of that you can't import buyers either, if banks aren't lending to them. Which most aren't because they are on welfare
So because a single mother cannot afford rent then we need to TAKE from a family that has worked hard to secure the financial journey to retirement…… Sounds a bit authoritarian!!!! So you want a price cap on rent???…..why not on food or clothes cars, fuel, electricity!!!!!!….. And why weren’t you having a go at the unregulated nappy rash cream market!!!…
"A bad time for a landlord means they may have to sell their extra properties." The properties that are currently being rented out so the land lord has an income? Otherwise what's the point of self funded retire buying the house in the first place if it sits empty not bringing them in an income? How does this help the housing crisis in anyway? "A bad time for a renter is homelessness." Sure, but that would be due to lack of housing, not that a landlord won't sell their extra properties. There are two ways to solve this, the first is to cut immigration dramatically, which is the opposite of what the current government is doing. The second is to allow the infrastructure to catch up with the amount of people in that need to use it, this has never been a government priority and it shows.
@MChandlerMather You have great intentions but a terrible understanding of tax policy and economics.
@MChandlerMather Then have a defence. Save cash, have alternatives. Just like the rest of us have for decades.