What percentage of MPs are landlords again?
AMPALL
Apart from a small blip of courage in 2016 and 2019, when the Labor opposition floated it as a policy (and the resulting scare campaign having since zapped any backbone from Labor for any necessary reforms), every government and would-be government has followed suit.
YES, it wasn't just a scare campaign, they lost both elections and in 2019 lost an "unlosable election", you can't say it zapped any backbone when they showed backbone and then LOST because of it. This is a clear indication that Australians don't want to lose the very things you are saying are the problem! Welcome to politics! it sucks!
I also don't understand why it mentions only the first home owners and LMI change but not the HAFF which is slowly working its way through the system?
Beyond the obvious CGT and negative gearing loop hole, we really need to look at zoning. Developers continue to buy up land in the furthest suburbs and subdividing it into low density residential (with government approval). Our zoning regulations are completely bizarre and we need to start ending the dichotomy of big land far away vs apartment closer in, so that we can have cheap apartments further out. It's wild to be that they aren't massively developing the regions at the end of metro lines to encourage outbound commutes and building high density residential in these areas as well.
The entirety of every city should be, at a minimum, low-medium density, permitting 2–3 storey row houses, townhouses, and apartments, without restricting people's ability to do low density if they want. And then everywhere within 500 metres of a train or BRT station should be zoned properly for 4–6 storeys at least.
But market forces cannot do the job alone. They don't have the incentive to. It's far more profitable to slowly release more properties on the market to keep prices high. So we need significant government involvement too. Fully 30% of the market should be owned by the government, with more under some form of government-mandated "affordable housing" category.
Plus strong tenant's rights, treating their home as their home first and foremost, more important than someone else's investment. That works with the tax incentive changes you mentioned to ease demand and reduce property prices, by making investment in housing look less appealing.
Nailed it, lowering the entry bar can only increase prices
A place to discuss Australia and important Australian issues.
If you're posting anything related to:
If you're posting Australian News (not opinion or discussion pieces) post it to Australian News
This community is run under the rules of aussie.zone. In addition to those rules:
Congratulations to @Tau@aussie.zone who had the most upvoted submission to our banner photo competition
Be sure to check out and subscribe to our related communities on aussie.zone:
https://aussie.zone/communities
Since Kbin doesn't show Lemmy Moderators, I'll list them here. Also note that Kbin does not distinguish moderator comments.
Additionally, we have our instance admins: @lodion@aussie.zone and @Nath@aussie.zone