Not sure why this is down-voted so heavily. In Australia, the property market has been artificially inflated for years with favorable tax incentives that encou

Not sure why this is down-voted so heavily. In Australia, the property market has been artificially inflated for years with favorable tax incentives that encourage investors to hoard properties and sit on them, while writing off any losses as tax deductions. Meanwhile, renters are being squeezed because landlords are trying to pass on the cost of rising interest rates to their tenants, who are forced to choose between groceries and making rent. And yet, I would bet my kidney that when interest rates fall we won't see landlords pass on the savings to their tenants. As the OP's point, the landlord renter system HAS "divided our society into haves and have nots", and it causing serious bitterness in division in our country. And the issue is politically intractable, because the propertied class are not going to accept any reform that lowers the value of their house.