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Australia is moving toward the US style land tax system, wait another 10-15 years see your rate bill and cry :( .. Land tax for PPOR in US can run into 10-15K a year This is the most reliable way of collecting tax for local councils than stamp duty..no need for boom as long as people own...

This will be good for Canberra cheap house :) http://www.theage.com.au/business/the-economy/boom-time-over-deficit-balloons-20130802-2r423.html

They exist in all markets, properties, shares, commercial, business Smart investors know when to buy, hold and fold

If Canberra get hit this time it wont be like the last time...I reckon it be pretty bad... the book has changed.. the last time, debt level is low, house is cheap, yield is decent ... and the mining boom rockets is firing and reading to lift off ... and the Lib paid off the public debt this...