Local Councilor Proposes Plan to Double Rates for Landlords. It Won’t Fix Anything.
Local Councilor Proposes Plan to Double Rates for Landlords. It Won’t Fix Anything.
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A quick update today from Jason Whitton, walking us through a local Melbourne council’s proposal to double the rates for properties that are not PPR’s. Will it work? Definitely not. It doesn’t address Australia’s supply issue. Let’s Wealth Coffee Chat!
00:00 – Introduction.
01:57 – Show Starts.
04:50 – A Melbourne local councilor advances a plan to double rates for landlords.
06:00 – The policy makes no sense, and exists only to create division. None of this fixes the supply issue.
08:05 – The proposal will do nothing except making renting harder as more properties go vacant.
10:11 – Do investors continue investing in Melbourne?
11:45 – Closing thoughts.
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