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Australia needs to end the mythology of ‘mum and dad’ property investors. Landlords are not a cottage industry
Publisher/s
The Guardian
Author/s
Peter Mares
Abstract
A majority of rental properties are owned by investors with multiple properties. And well-off investors enjoy the lion’s share of the tax benefits of policies such as negative gearing. Hardly a day passes without talk of “mum and dad” property investors.
It’s media shorthand for a rental market dominated by small operators rather than big institutions. But language shapes the way we think, and folksy terminology creates a false impression of Australia’s landlord class.