Anecdotally speaking as someone who grew up there, I feel investment property is tied culturally to wealth building in Australia above all other asset classes (

Anecdotally speaking as someone who grew up there, I feel investment property is tied culturally to wealth building in Australia above all other asset classes (I left 6-7 years ago so maybe it's changed), it's also encouraged by the government with tax breaks. Despite declining birth rate the property owning class will continue to buy up and rent out everything available.