If we would halve the cost of living or doing business? then we need to eliminate the paper shuffling, profit demanding middlemen! And replace commission sales people with salaried staff!

This would reduce salespeople in the real estate field and all but force realtors to change to volume sales rather than talk up value in the hope of higher and higher margins!

Unless this change is acted on by Authority, this huge bubble that is the current over inflated real estate market, is going to do what over inflated bubbles always do!

The government cannot prop this bubble up forever, in the hope of saving politicians' retirement investments? And need to do what needs doing to quite massively increase supply!

And if that results in a few pollies getting their fat little fingers burned? Then, tough titties, it's not what we paid you to do!
Alan B.

A system of franking credits AB, means a system that gives a tax break to dividend payments geared exponentially downwards, giving greater reward for taxation relief on the dividend to the least wealthy investor. A scheme that mimics franking credits, would be helpful to low paid workers who make a large share of the renter class.

These credits could differ to the standard maximum 30% deduction in franking credits, and increased to a 100% credit in the case of rent subsidy through taxation relief of the poorer payed workers, tied to wage levels of thirty percent of income, or less for married couples with children.

On its own, that would not be sufficient compensation under current market attachment of rents ATM, but coupling rents to an index of unimproved capital value of rented properties, would stabilise rents and bring them back to affordable levels, reducing pressure on wage increases which effectively go towards propping-up landlords profits in a round-about way.

There are generous tax breaks for landlords and nil for renters, this must change and change quickly. Already it’s reaching the stage of a Human Rights catastrophe IMO, from my own view of the world around me.

Ten years ago, it was people capping themselves with ropes around branches of trees, as an observed epidemic. Today the epidemic has deepened in meaning, I’ve lost count of the numbers of people evicted from rental properties, as rents escalated under a market forces attachment.

Dan.