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Local Councilor Proposes Plan to Double Rates for Landlords. It Won’t Fix Anything.

Jun 17, 2024 | Podcasts, Wealth Coffee Chats

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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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