Treasurer Jim Chalmers said ‘there are too many properties empty around Australia’ as tight supply leaves many renters struggling to find somewhere to live.
The bogeyman reason is investors (and especially Chinese investors).
Suspect the real reason is they’re a mix of holiday homes, near ruins, crap properties in crap locations, tangled up in a bunch of legal shit, inheritance proceedings, or the old person that owns it is in care.
There’s a bunch of greed as well, but it’s not worth leaving a property empty over renting it out for an exorbitant sum.
The bogeyman reason is investors (and especially Chinese investors).
Suspect the real reason is they’re a mix of holiday homes, near ruins, crap properties in crap locations, tangled up in a bunch of legal shit, inheritance proceedings, or the old person that owns it is in care.
There’s a bunch of greed as well, but it’s not worth leaving a property empty over renting it out for an exorbitant sum.