This change to property regulation could crash the market, forcing thousands of investors to sell. Today we uncover exactly what’s going on and more importantly how you can take advantage of this policy change, before if you’re looking to buy a home, this could be a game changer for you!
For more information, contact us today 👉
Reach Us
T: 1300 088 065
E:
DISCLAIMER:
Full Disclaimer here –
source
Remember to smash that like button, and hit subscribe. Means the world 🙂
If they force Investors out of the market where are the people that need to rent going to find an available property.
If an Investor doesn't get a return on their investment then they'll move on and find another form of investment, it might force the price of property down somewhat but how many people that are currently renting will be able to buy a home at any price, this would only make the situation worse because there will be less available properties in the rental pool and more and more people looking to rent as Imigration ramps up and students return in numbers again.
Tried to find a rental 6 months ago. Gave up. Living with my bro. In the holding pattern and will buy my van to live the van life. Perfect time for me in my life. Disconnecting from society is freedom at its finest.
We are in NZ, and my son and his family had a $90 increase per week, 6wks ago… 🙁
It is easy to get rentals especially now, in the city, as all the useless people are finally leaving to go back to live with their parents.
Greens are not in power so that 2% will never happen.
Interest rates will rise to a point where realestate investment is not worth it for most people, and they are forced to sell or go bankrupt.
properties for sale will increase, lower borrowing amounts will force sales prices down.
First home buyers can enter the market.
Good times a head.
how about regulating fuel prices and registration nationally
In Switzerland they have rent controls for decades now and they property market has not crashed there, they a wealthy country as well. Why would that be different here ?
What about negative gearing, haven't the "investors" had a good deal to date ?
Why people don't recognise the fact that land tax gone up
Council rates water rates up interest rates I make a loss on my investment property in victoria
Where do they plan to house 200,000 immigrants?
Economically speaking, rent control/price ceiling is counter-productive. New York, Cairo tried this policy at large scale, and failed miserably. However the question is : what is the probability of this legislation to pass by the parliament?
Politicians shouldn’t be allowed to invest in anything.physical gold is probably the only moral thing .
Who’s voting for greens?
Raising rents 95$ and giving one weeks notice. Needs to be made illegal
Let it crash, need to buy more properties for a discount, the plan is to retire by age of 40, find a hot girl for the wife and then gallivant across the world while passive income is flowing in without having to go to work and make money for ungrateful employers.
Why would the nation listen to the Greens on rent. There communism based.
Good. Screw all of these over leveraged investors. The housing market is a drag on our economy and rewards people, in most cases, for adding zero value.
It’s because most Greens voters are dole bludgers who won’t put in the hard work to buy and spend there life as renters.
So does that mean costs, ie insurance, council rates, management fees and strata fees are going to be fixed as well ?
I can't believe that the Australian (Labor) Government would even contemplate legislating freezing of rents (what the Greens / Communists are proposing). When I woke up this morning, we lived in a free-market and democratic society (at least what I thought anyway). Every time Government tries to intervene in a free-market society they only stuff things up. If I'm correct, I remember the Keating (Labor) Government abolished "negative gearing" and again, if I'm correct, it's one of the only times where legislation was passed to remove something (negative gearing) and then re-introduced by the "SAME" government / parliament and in the same term of parliament. Why you may ask…well when they abolished negative gearing, property investors got out of the market and the public housing wait list skyrocketed by many, many years (maybe a decade of more). We are already seeing property investors liquidating their property investment portfolios because of increased costs, land tax etc etc. Brisbane City Council wants to increase the rates of property investors who have their properties on AirBnB etc to ease the housing shortage in Brisbane. The increased rates will not make a dent in the rental housing shortage. I've even heard that the Queensland Government wants to take into consideration the location of an investor's entire portfolio to determine how much land tax is payable in Queensland (https://hwlebsworth.com.au/state-of-origin-qld-puts-land-tax-on-interstate-properties/). Property investors provide the housing that Government has failed to provide. On what planet have politicians been living on to not recognise that the signs of housing shortage have been around for decades and decades. Now they entertain stupid proposals to freeze rents for 2 years because they live and breathe by the election cycle and only pander to the lobbyists to get re-elected. Australia is fast becoming the not-so-lucky-country!
Renting isn't good for mental health at the moment
They should instead pass a law that all politicians need to complete an economics 101 course before they are allowed to suggest ludicrous policies and false promises.
This is the dumbest policy I've seen in a long long time. I'm currently renting so it helps me short term but doesn't help anyone long term.
Nothing new under the sun. Government meddling with free market supply and demand dynamics. Never ends well.
This should be called the LOL policy, as it is comedically bad !
I can't believe that The Greens actually thought this up, talked about it a bit and then presented it as an option. It goes to show that they're 100% removed from reality 🤣
About a third are people in a Australia are renters. Landlords that put up rent aggressively is just plan stupid, if they can't afford to be in the landlord business they should exist. My son just moved this week in Brisbane the landlord put up the rent by $100 and now can't rent the property out. It seem like 1980-90 way of living returning where you stayed at home longer as rent was to expensive. In the past you stayed with parents to the age of 30 but now 40 due to lower wages and higher education cost.
will they freeze interest rates power fuel food and remove all bull taxes that create the high costs?
I don't think rent control laws will pass, most politicians themselves are landlords so they will be affected as well.
These politicians are getting out of control. If these regulations pass through, the property market will collapse taking Australias house of card economy with it. How about instead increase the supply of homes???