did New Zealand stop CGT on investment property recently, hence their housing oversupply issue? this could be why.
AU government is complaining now they are losing lots of revenue in taxs with people working less hours with the finacnial slow down, this could be on the cards for Australia to do it here too to increase tax and stop the bubble it created from growing.
1:7 people owning investment property is way to high, especially when most people buy and only rent till they can afford to buy.
