Oh for gods sake.

Any business is entitled to claim the interest on loans to support the business as a tax deduction.

Rental housing is simply operating the same way as any business.

The only difference is that small investors in rental housing are employed earning money elsewhere. They do not have to make a profit today, & are prepared to add to their investment every year for up to decades to increase their equity in their business assert.

Would some of the knockers please explain how this is any different to mandatory superannuation, where special tax concessions are applied to make it an advantageous investment. Investment in domestic rental housing is merely a misguided attempt to do your own superannuation, using laws used by every business.

Thanks to government & reserve bank mismanagement, many of these investors are likely to see a reduction in the sale value in their asset, & become somewhat poorer. I feel sorry for them in advance.

Get over it. Incidentally there is no way I would invest in domestic rental,...ever.

Dear Hasbeen,

Nick off mate. You might not give a rat's arse for young Australian families desperately trying to source even a rental property but luckily some do.

"The Mayor of South West tourist town Busselton, Grant Henley, is set to write to the owners of hundreds of private holiday homes to ask them to rent the properties to desperate locals.

There are 35 long-term rental properties listed online for Busselton and Dunsborough compared to 167 short-stay properties, such as Airbnb.

Mr Henley said he was acting out of desperation."

http://www.abc.net.au/news/2022-08-25/holiday-home-owners-reject-calls-to-rent-vacant-properties/101371130?utm_campaign=abc_news_web&utm_content=link&utm_medium=content_shared&utm_source=abc_news_web

Any business is entitled to claim the interest on loans to support the business as a tax deduction.

Rental housing is simply operating the same way as any business.
Hasbeen,
That's how things are & that's why we have all the problems. That system needs to change if we are ever to get on top of the economic problems it has created !
It worked for a few whilst many contributed but the situation has changed, the contributors have nothing left to give !

Do try to grow up a bit SR, & get off the emotive garbage. I am talking simple facts. You had better get ready for rents to go up a bit more with owners facing higher interest payments.

The problem is with state governments & local councils.

My youngest daughter is a renter, after a marriage break up. I am well aware of the cost. I am also well aware of the reason.

I live on my 20 acre property. My daughter would like to build a house, or even a granny flat for her self & daughter here. However the council will not approve either. Nor will they agree to us subdividing off an acre or so, despite the fact that we are only half a kilometer from 60 of 4000 Sq Meter blocks recently divided by a land company, all now built on.

The offer a bate of the possibility of a 2.5 acre block subdivision, but will not guarantee it. I have to apply with $25,000 in fees, to find out if it will be approved.

The housing shortage would be quickly cured if we could just get state government & local councils the hell out of the way.

Dear Hasbeen,

Well you might support characters like this who rang up a radio station claiming he couldn't afford to freeze rents then admitted when pressed to owning nearly 300 rental properties, but I certainly don't.

The way our system is set up your daughter pays through the nose for rent, struggles to get a loan for her own place which is hard to find anyway because character like this are syphoning them all up. Meanwhile given all the properties this bloke owns he can swan on in to any bank for for a loan for a new property at the drop of a hat.

And you are cock a hoop about the arrangement.

Mate, you really need to take the blinkers off and smell the dung heap this country is becoming for our young.

http://www.news.com.au/finance/real-estate/renting/aussie-admits-to-ben-fordham-he-owns-283-houses/news-story/3dbc5b0877cc9fb6ed46ae00f5c75fe0

Hey SR, you must have me mixed up with Jackie Trad Labor EX deputy premier. You are typically describing lefty style activity, & trying to ascribe it to the honest side.