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Land Tax never stopped me investing in more than 2 properties.....if you just use a different entity then your land tax isn't a problem

For every good investor there's 10 more which are 'bad'

Quite the opposite - all the investors I've met always try to get the best possible price. Obviously no one wants to pay more than they have to but even investors can get caught up in the emotion of buying properties. I see it all the time at the auctions I attend

Well investors subsidise renters because usually renters can't afford to purchase their own place or they're not in the position to do so.

Yes I know that, I was just trying to make a point that investors/speculators do drive prices as well to an extent. Otherwise no asset class would ever go up in value.

So how does the sharemarket go up in value?