Why ‘insane” belief that all landlords are rich doesnt stack up

You can always tell when elections are coming.
It’s a familiar sound.
Unfortunately, it’s not the sweet sound of sausages sizzling, it’s the
piercing whine of bureaucrats talking about changing the goal posts for
mum and dad property investors.
These are the people who are housing the majority of tenants across the
country. The ones who are managing their household bills after interest rates,
council, land tax and maintenance costs all went up over the last couple of
years.

Yet these owners have again this week seen headlines of their political
leaders ‘not ruling out’ changing negative gearing laws or their state
government talking about capping rents.
The insane belief that all landlords are wealthy and that all tenants are
poor is an outdated and increasingly boring political stance.
The many buyers we are meeting from Victoria talk of getting out of
property in Melbourne after the mismanagement of their state, and the
burden it has created for private investors.

They speak of the one sided tenancy laws and how ultimately it is the
tenants who are suffering as more and more investors sell out.
Anyone who understands residential property knows that the yield and
money comes from the sale. The capital value. Not the rent.
There are commonly better annual yields for investors in other sectors.
So with prices having risen so much over the last five years, tempting
them to get out, cash in and remove another house for tenants to live in
seems counterintuitive for governments’ platforming that they are trying
to fix a ‘housing crisis’.