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JM, I agree with most of what you say...... Though I vary on the role of CGT concessions driving the last property boom. Rather, I agree with the productivity commission's view...

It's a form of rhetoric Buzz.... Ergo your position is that if investor activity continues to grow, and further compete with first home buyers, the political cost of intervention becomes ever more prohibitive. So Buzz, it follows that you support a hypothetical scenario where 95% of...

Les, the view I have expressed here is based on the objective information presented in the document I provided a link to above. Reading that document will clarify all, and be a lot more persuasive than a no one with an unpopular antagonist view. Some may easily dismiss and ridicule Winston...

Of greatest pertinence at the link I posted above, are Pages 17-27. I take it posters on this thread do not comprehend the importance of this document or its influence on future federal, state, and local govt policy.

and that will benefit one's offspring how? the issue with downplaying the importance of those in the too hard basket, long term, consequences, is that a civilization tends to extinguish itself....or lose the competitive advantage, which leads to the same thing....but if you are only aspiring...

Maybe some of the diehard property investor perspective above could be tempered with a modicum of objectivity, as found in this RBA document. http://www.rba.gov.au/PublicationsAndResearch/SubmissionsToParliamentaryCommittees/productivity_commision_inquiry_on_first_home_ownership.html There, an...