Hi Tap, there is no supply side shortage, according to the 2021 census there was 1,000,000 vacant properties Australia wide(I know that they all are not livable).
So a few ways to encourage these properties on to the market is
Death tax on these residential properties,(sliding scale of course)
Land tax on all residential properties that an entity owns with a combined value of over 2mil Australia wide, no more hiding of properties over the boarder so as to keep taxes down.
Get rid of negative gearing on residential properties.
Get rid of 1/2 capital gains tax on residential properties, it should be the full amount.
All proceeds to go to the construction and maintenance of public housing.
You are right about interest rates, that's just extracting what little assets the poor have and putting money into the hands of people who have a few bob.
That's why taxing those that have will slow the economy, all that is going on now is that what ever assets that an indebted person has will be force onto the market @ a cheap price
immigration is fueling inflation, how many uber drivers do we need?
I also am glad I'm not looking for a roof over my head.
Here is a tip for all you residential property investors, I believe that West Brisbane is the fastest growing suburb in QLD, in particular Musgrove Park area.
