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Yet we still have one of the highest rates of home ownership in the developed world. That tells me the real balance point is likely to be a fair way down from where we currently are... with or without NG.

Hobo, this analogy is as irrelevant as they come. You can't rent fruit and vegetables. In your analogy, renting a house is equivalent to eating the fruit and vegetables. Owning a house is equivalent to owning the fruit and veg shop. The first is a relevant concern for humanity. The...

Of course access to housing is a human right. Like food and water. Ownership of housing is most definitely not a human right. If we go down that path, we will end up in a completely socialist state. If you're concerned with access to housing as a human right for those least able to...

That's gotta be the first time I have ever heard home ownership referred to as a "human right", to be pursued "at any cost". What next, computer ownership? Car ownership? An NBN connection? A holiday house in the country? Or something else that billions of people on this planet don't have...

While you're at it you can add stamp duty and land tax to the list. Although of all of them I find land tax the least offensive.

Let us just remember this is a zero sum game. Same number of properties overall. On the sales front, if you remove negative gearing there will be fewer investors looking to purchase and some investors looking to sell. Less demand to buy, more supply to sell = prices drop. As prices...