Sure people buy things for yield and capital gains...but the fundamentals are so poor that anyone buying an investment now with a 20% deposit is taking a much larger loss/risk than almost if not any time before
House prices to wages, house prices to yields etc are at the worst metrics in my lifetime.
Either yields need to rise substantially or house prices fall substantially
The losses the tax payer are covering so investors can flip existing properties is not working, all benefits for investing need to be removed and the govt step in again
We have made a huge mess of our property market and imo mainly because of poor tax rules and the speculative and greedy nature of Australians.
You only need to look at countries like in the Nordics where they have much better outcomes ie rental stress, housing supply but most of all happy well functioning societies
Australian property investors have a lot to do with out societies ills atm imo
