Of course there has to be some guidance with regulation.
But some State governments have lost the plot and warped the housing market.
In Queensland stamp duty is about 10% for an owner/occupier - what I paid on a property.
But if I was going to lease it out, the tax DOUBLES.
Rentals are hard to find in Queensland That is why I bought.
As a former investor in Victoria, The Residential Tenancies Act was the killer. Bad tenants can't be evicted under the Act - some destroy your hard earned investment.
Have a small equity left in rental, will be sold this year. Then no more rentals - yippee.
Property iinvestors do have to make an income (milk on the weeties) otherwise they will not be there next year.
The feds too, promise to build 1000s of homes, like the states Reality: they build nothing
