Housing is shelter. Treating it as an investment, with tax perks for the rich and NIL tax perks for the poor, results in Serfdom - only a matter of time. This is amply displayed around the western world right now. Tent cities and the young giving up on ever owning a home.
No taxes perks at all accordingly except maybe for building new housing for others. Quarantine those deductions claims against property income only. Monitor housing vacancies and migration is closely limited to a set vacancy percentage being maintained. Pandering to protests to allow refugees in some years back has resulted in Aussies being homeless instead now. Compassion, without regard to long term consequences is idiotic - a female feelings thing with no accountability when it all goes wrong.
No foreign investment whatsoever in Australian land or property or farming in both land and sea.
Have tax perks for those that invest in businesses only.
