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i think you are spot on there gordon. there will come a time when govt realises (probably when rents have gone thu the roof) that taxing landlords isn't a free lunch. costs encourage economic behaviour, i.e. reduces investors in the market, reducing suplpy, increasing rents.

ouch. yes land tax is one of those dirty little taxes that state labor govts have been robbing us all of. it doesnt sound like a lot of money till you get one big property or a few in one entity, then slug! the tax you have when you shouldn't have a tax. I saw eric ripper at cable beach club...