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Australia’s 1.8 million and counting property investors support and are supported by tenancy legislation heavily weighted in favour of landlords.

Housing shift requires rethink of renters' rights

Australia is the world capital for property speculation. Australians play property like Monopoly: buying, selling, demolishing, rebuilding, extending, renovating, always with the promise of appreciation on resale. The contribution to GDP of real estate transactions alone is the highest in the world, and three times higher than that in the US.

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Comments

Palmyra
Some very good issues covered, especially the lack of investment by cashed up super funds in residential housing. They certainly could help rank and file members by becoming involved in this market. As for tax changes, very unlikely as the six in seven who don't own investment properties believe they too can make the transition and vote to support the parties that support the minority (one in seven). Government should govern for the majority, I know I'm a dreamer, but I don't dream only for myself, I dream for this great nation I call my home and all who live in it.

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