Australian Property Bubble - Australian Specific Market Factors

Australian Specific Market Factors

The Australian market had several features either singly or together are not typical in other housing markets, being;

  • No sizable public housing as found in the UK
  • Income Tax relief through negative gearing
  • Social security (Centrelink) that offers payment including rent assistance that is calculated on the amount of rent paid
  • A Federal, state and local council divide that complicates land release and planning and direct and indirect taxation on land
  • Only recourse loans
  • one of the most highly urbanized populations
  • Large areas of rural and remote Australia can not secure loans from banks against land in those areas.

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