attempt to keep private landlords (are there any others?) in the market
There are corporate landlords. A few years ago, during the Global Financial Crisis, Meriton started letting apartments that they found difficult to sell. And Mirvac, among others, are major players in the build-to-rent sector.
Major, but not dominant, as they are in Europe especially given the amount of money super funds have that need a home and the nature of their long term liabilities to fund members. There must be a reason they aren’t bigger players. Are they myopic about good deals? Is land tax the problem? I understood Mirvac’s offerings were more like resorts, hardly a major need presently.