I still don't consider residential property in Australia to be...

I still don't consider residential property in Australia to be 'booming', but I bought into PXA because the communist state of Victoria (Daniel Andrews and sidekick Jacinta Allan) are encouraging property investors to sell given the latter face big land tax increases, plus the earlier c.120 changes to tenants' rights that hobble landlords.

The threat in Victoria of landlords only being able to change rents once every two years is disastrous. In Queensland it's now 'once per annum', also bad.

These aspects should see listing volumes rising as investors say 'enough's enough' with many owners of one rented property instead placing funds in bonds or equities.

The 'lively' blog this morning is discussing REA but one analyst comments:

"I think listing volumes have improved..."

As always, DYOR.