Fellow Australian here. Agree with all of that. If you buy into the rhetoric on AU Reddit subs you’d believe it was all the fault of Boomers, Negative Gearing

Fellow Australian here. Agree with all of that. If you buy into the rhetoric on AU Reddit subs you’d believe it was all the fault of Boomers, Negative Gearing and AirBNB. People just don’t seem to understand Negative Gearing. They seem to think it means free profit. It’s not understood that you need to make a loss to claim the offset on your tax, and you have fund that from your own pocket. Then somehow Boomers are both responsible for Housing Prices, lack of housing to buy, and lack of rentals. It can’t be both. Anyway - the whole thing is hard to understand for anybody. How can house prices be rising when it’s seemingly impossible to get mortgages on normal dual income salaries? The bank of mum and dad doesn’t explain it. Immigration explains part of it. Overseas money being parked in property is a large component. Then there’s AirBNb and other short term rentals… And if Airbnb is taking properties off the rental market, why is there suddenly such huge demand? Who’s staying in those holiday homes and where do they get the money! There’s a real lack of in depth reporting and analysis on this. Even the ABC is very superficial in its reporting.