› Flat Chat Strata Forum › From the Front Page › Holiday lets: A national solution to state crises › Current Page
Governments are quick to find (often counterproductive) legislative remedies to problems in the rental market. Unlike GST, the land tax component in rent is not disclosed to tenants. But the tax still intrudes out of sight as government becomes the silent partner in the transaction often as the biggest single annual expense.
Your podcast conversation on holiday lets suggests investors are coming back into the residential letting market and restraining Airbnb and rent bidding is “the solution”. https://www.pexa.com.au/content-hub/ suggests times are not that rosy. And how can the rental market cope with increasing land tax which is sometimes in excess of the GST equivalent of the rent without distorting the market in favour of owner-occupiers?
So called anti-landlord legislation does not affect most landlords but land tax bracket creep must be impacting those thinking of entering the market. given the siren call of super concessions.