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A person I know has a house or two in town that are unoccupied. Why? Because of the costs of repairing the damage that tenants cause. That is probably one of the reasons for the numbers of vacant houses.

It annoys me when people write I lead the cow rather than I led the cow when it is past tense.

Howard is Pretty Much solely responsible for encouraging Money into houses as the Best Investment. He also sold the People's Bank to the People. "Honest" John Has a Lot to answer for. Nev

Private homes are paid for by already taxed Money and NOTHING deductible. To retrospectively change the rules would not be taxing. it would be Confiscation of an asset by deception as a lot of it's VALUE is because of Inflation, with No deductions for ANYTHING Interest rates, council rates, repairs. insurance along the way. How unfair would that Be? . Over long periods of time the dwelling becomes valueless and only the Land makes it worth anything, Many Houses just get pushed over. An empty lot would be worth More. It costs Money to demolish and tidy up.. When you rent, you know exactly what it will cost you. If the neighbours are from Hell you can Just Move without Paying crazy amounts of Money . If you are the kind of Person that Moves a lot, Owning a House is the One thing you Might consider NOT doing. They can tie you down and absorb all your spare cash.. Most are Now on tiny Blocks where there is Nothing but the House and car garage. You can't fit between the walls of your Place and next door. Ticky Tacky little boxes all in a row.. How depressing. Nev

The last census showed approx 1 million homes unoccupied on census night. That shows a lack of homes is not the issue but house hoarding. A clear case of a broken and unethical taxation regime.

Investors buy homes, then keep them empty so they don't have any hassles caused by tenants, nor any decrease in house condition because of tenant wear and tear. There are thousands of empty houses in Australia, all owned by investors who are gloating on the capital increase in value of those homes. Better than money in the bank and all the outgoings are a good old tax deduction. Something has to change, or there will be a revolution - and Labor know it. The other parties think they can keep handing out benefits on a plate to housing investors. And what about the family home being exempt from any taxing at all? Buy a multi-million dollar house, spend more millions making it twice the size (and three times the selling value), stay in it for a year or two, call it your home - sell up and make millions tax-free. There should be a value limit on the family home, and the time living in it needs to be extended. There are dozens of houses around where I live that have all been extended to 7 or 8 bedrooms and 2 stories, and they hold 2-4 people - and the owners are sitting on multi-million dollar capital gains, totally free of virtually any kind of tax. That stinks.