Economists dating back to Henry George argued that increases in land value are largely “unearned” and therefore resemble economic rent!
Goodbye to non productive property speculators, scorching renters for ever increasing profits that are anti social in nature.

There are roughly 11 million renters in Australia, alongside a similar number of property owners, most of them genuinely investing in property for individual use of a scarce product called housing, to keep the elements at bay; they are the cohort to propagate and support.