Derryn Hinch tells millennials that owning a home is a dream, not a right, page-22

I suspect it's a terrible time to buy any property in Sydney at the moment. Prices rose 18% last year, and as a bit of an obscure indicator prices on thoroughbred race horses rose 25% at the most recent sale. The last time they did that was April 2008, 6 months before the GFC. The political argument is not about what I should do for the purpose of my own wealth maximisation, it's which group of buyers should be favoured (if any) by tax policy in this area. My view is in light of the severe decline in first home buyers in Australia's largest market, there should be a shift in tax policy to at the very least place prospective first home buyers on a level footing with investors in existing homes.

Reaper