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Constant harping about negative gearing and the perceived wealth generation to PI for their retirement nest egg is a hangover of Marxist ideology of envy politics of perceived capture of opportunity by the IP class at the individual level. What they want is a spread of hurt all round even if...

So if IP is so much less attractive as an investment class with the abolition of NG on private rental (state, non profit and corporate residential housings exempted presumably), IP valuation should drop and state governments should revise their existing opinion of levying land taxes higher than...

This would be very speculative with huge holding costs to maintain grounds, insurance, pay rates and loan interests - just for a hope of making it big in the future. :rolleyes: