How do we fix it - make it less profitable to be an investor without pushing up the price of building new houses.
capital gains tax
empty property/ land banking tax… and a significant one.
significant taxes on investment properties when multiple are owned. Controversial take - i think no penalties should apply on your second property, and half on the third.
minimum standards and registration of rentals.
and a significant reduction on these if the property was built in the last 10 years.
How do we fix it - make it less profitable to be an investor without pushing up the price of building new houses.
capital gains tax
empty property/ land banking tax… and a significant one.
significant taxes on investment properties when multiple are owned. Controversial take - i think no penalties should apply on your second property, and half on the third.
minimum standards and registration of rentals.
and a significant reduction on these if the property was built in the last 10 years.