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Every auction I go to in the SE of Melbourne has been won by a baby boomer with his 30-40 year old son/daughter. If that person was renting before then they are not priced out.

If I run two businesses - one losing money and another making money - I can definitely offset those off in the same entity. If I did it in my personal name I don't see why that would change.

hobo-jo. If you run a loss in your personal name as a business then you should be able to write that off against other income in that entity's name. This has always been the case unless the turnover was too small under the law.

I hear boomers say the same thing over and over - how are my kids going to afford a place - while their own properties are happily going up in value. I quietly tell them that their kids will inherit said million-dollar home anyway so it's not a big deal.

Indeed skater. People tend to forget that for every house that is owner occupied, there is a person who cannot rent that dwelling. This is especially so in the inner-city where lots of young people live - they simply do not have the means/have no interest in buying, so are happy to rent instead...