The sneaky LNP try to hide this issue by blaming foreigner...

The sneaky LNP try to hide this issue by blaming foreigner ownership on the soaring house prices. The reality is foreign ownership only accounts for a very small percentage of the demand. The big cause is domestic investors buying up multiple properties and they're doing that because it's easy money. They get a real estate agent to rent out the property and they write off all the expenses against the rental income enabling them to pay no tax. This is the great system of negative gearing! Meanwhile, they just wait. As the years go by, the renter pays their mortgage off and the price of their houses go up, a double win! Ask any of the LNP guys on this forum. They'll all know about it because they're all in on the scam.