[CTDOCodebases]

They are contributing to the problem no doubt but I doubt they are the major reason. The prices of apartments are also rising. I rented a studio for 10 years in Sydney and the price doubled in that time. I would have purchased it or one similar if not for the lending restrictions that properties had to be over a specific size. So instead of owning my own place I paid off half of the owners investment property while they delayed and refused repairs at every opportunity.

I am not demonising these people. I am just merely saying that the Australian government, the banking industry and Australian society at large believe that it’s more important that a citizen/non-citizen can lease a residential property than it is for an average citizen and wage earner to be able to purchase a property to live in.

I find it funny that at the beginning of the pandemic when people were buying up all the available toilet paper to sell at a markup they were “selfish” but somehow doing the same with shelter is not.