Friday, 1 April 2016
8% of Australian housing is vacant - The Feed
Absolutely disgusting. Via negative gearing a property can sit vacant and make money. What a complete failure of the system.
What's more 1 in 7 properties in and around the Sydney CBD are vacant. What insanity.
Yet we're told that there's not enough vacant properties is the reason why rents and prices are so high. What bullshit. The truth is housing here is in the hands of speculative investors.