Location : Wabbit Hole
Job/hobbies : Cayman Islands Actuary
|Subject: OZschwitz Slave Pen: Idea to limit number of properties a landlord can have ‘genuinely stupid’: expert Wed Apr 19, 2017 2:30 am|| |
|Stopping investors from amassing huge portfolios of property might be on the wish list for struggling first-home buyers. But experts have slammed the idea, claiming it wouldn’t be a fix for housing affordability.|
Grattan Institute chief executive John Daley said the idea was “genuinely stupid” after a report by the Australian Financial Review on Tuesday claimed the government has investigated this option.
In fact, one of the major problems facing those in the housing market today was not multiple property owners but so-called “mum and dad” landlords with just one investment property, Mr Daley said.
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