Investors with 10 or more properties to their name have more debt than smaller-scale investors but use negative gearing and capital gains discounts to keep buying, tax office data shows.
And as the article says - this data is only from individual tax returns. It doesn’t cover companies.
our landlord decides to jack the rent up for our current place every 12 months by absurd amounts because “its what the market says”. Bull fucking shit you greedy fucks.
This is how I found out the “rental reviews” the department of justice does in Victoria are an absolute joke. If everyone colludes to raise rents by 20-30% 2 years in a row (as they did), then you’re shit out of luck.
They even use advertised listings in their calculations, which is an even bigger joke.
Canberra are the only ones (that I know of) who have something vaguely okay. 2% above inflation per year. No more.
Absolute joke of a “strong” housing market we find ourselves…
This is how I found out the “rental reviews” the department of justice does in Victoria are an absolute joke. If everyone colludes to raise rents by 20-30% 2 years in a row (as they did), then you’re shit out of luck.
They even use advertised listings in their calculations, which is an even bigger joke.
Canberra are the only ones (that I know of) who have something vaguely okay. 2% above inflation per year. No more.
Absolute joke of a “strong” housing market we find ourselves…