If predictions come true it will be another year of deteriorating housing affordability, prices will rise at twice the rate of disposable income — something that that has been going on for 25 years and has created what we all see now as a crisis.
I’m not generally a fan of bans. I’d rather just see the tax incentives to owning multiple homes behind your PPOR removed. And, if people do own multiple homes, there should be strong incentives to actually rent it out, such as a vacant home levy, and much, much stronger tenants’ rights protection to enable tenants to treat their home as the home that it is.
I’m not generally a fan of bans. I’d rather just see the tax incentives to owning multiple homes behind your PPOR removed. And, if people do own multiple homes, there should be strong incentives to actually rent it out, such as a vacant home levy, and much, much stronger tenants’ rights protection to enable tenants to treat their home as the home that it is.