Australia's largest stock trading and investment forum Australia's #1 stock forum

It's time to tax multiple property holders, page-72

First 72 Last

Share
Profile

Follow
discursive

1,961 Posts.

281

12/04/22

21:00

Post #: 60816849
Share

Originally posted by Dermotlyons24: ↑

Anyone who owns 3 or more properties should be taxed on those properties. This will increase housing supply for people trying to get into the property market and help solve the housing affordability problem. Because greedy investors who own multiple properties will start selling them off as it will no longer be viable for them to hold onto them. There are some individuals that own thousands of houses in Australia. Scomo and his wife apparently own 9 properties between them. No wonder he doesn't want any such tax as it's not in his own interests. So I'm talking, a tax per property owned. For each extra house over 3 owned, the tax should increase exponentially making it undesirable to own lots of houses. And for the loopholers that try to get around the tax by transferring houses to their spouse or kids, we could make the tax applicable per household, not per individual. The revenue from those taxes could be used in many ways e.g. to pay more to those nurses etc in the health and aged care industries. This is a great idea if I may say so myself.

Expand

na it’s dumb. Just keep breeding, your kids can fill your void and rent my houses and pour my beers. Sorry the system is tough for some:
6 Upvote

Reply

Top Stories

GYG

Guzman Gomez loses steam as YTD returns -30%; short sellers back

Listen: HotCopper Wire Podcast 016 – FY25 ended up not so bad... but Trump unpause is coming

Trump chides Powell as Goldman call for calm. The RBA must be nervous

AII

Inside the depths of Panasqueira: A legacy carved in rock

AL3

AML3D hits four-year high on boosted relationship with US Navy

First 72 Last

SPONSORED BY