we encourage first home buyers to "enter the housing market"
politicians throw money round to make the first house purchase cheaper.
all this does is to encourage investors.
we need to define housing as being property for living. and remove all government funded support.
yes. in particular, remove negative gearing from property for living.
the owner can still have a profitable investment, earning rent.
this will remove the artificial price rises of investors using property to offset profits from "real" investments.
over time,market forces will bring prices of living property down. to a level where it will be affordable for people who want a property -- or an investment -- for people to live in.
as property for living prices fall, rental prices will also fall.
... Nick Lethbridge, Churchlands
6 Thornbill Way / 0419197772
