Leaping Lindner wrote:Okay, admittedly I'm not a fan of landlords or people with "property investments" at the best of times but this defies description. What a great way to pitch in and help out your fellow Australians in a time of need.
http://www.businessday.com.au/business/ ... omments=31
I would be surprised if they didn't rise.
One of the reasons I have not bought an investment property in SA and become a "landlord" is simply that the return on investment is inadequate.
I can do better elsewhere without the worry about slack or malicious tenants wrecking my investment, which is in effect my pension.
Once upon a time tax free capital gains on property made the lower operating return, and the damage risk, worth it for those capital gains.
Now they are not there, the return is not good enough, and the shortage of rental property will increase.
And don't expect "Public Housing" to fill the gap - state governments know property is not a good investment in this social climate too.