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RE: Why is the British government cracking down on Buy-to-Let landlords?
Investment housing has been the biggest driver of new build housing in Australia but also price growth and of course the debt that goes with it. I feel that a housing bubble burst is inevitable in #Australia 🇦🇺 at some point and an interest rate rise would be that trigger.
It has gotten silly in the UK - 14% of all mortgages last year were to buy-to-let landlords, which is why the govt acted. Of course landlords are moaning, but in the end they'll be thankful they got forced to deleverage.
Haha 14% is nothing try closer to 40% in Australia. See why I'm worried.
I also couldn't help draw comparisons to Australia and think how although perhaps wise, such changes here would be political suicide.