Thanks for having a reasonable debate with - I'm suprised (and it will happen) I haven't received more "Fuck you" responses I usually get here.

I think it comes from a failure to communicate, and I don't know what can fix it. I don't think I have ever convinced anyone who came out claiming that blah blah blah just wants a mansion in Toorak.

But its a very little minority that actually have investment properties and many people, only 10 or 20 years older are facing the same battle.

It's not such a little minority, but the figures surprised me:

22 per cent of Gen Y (18-34 year olds) own at least one investment property, followed by 20 per cent of Gen X (35-49 year olds) and 19 per cent of Baby Boomers (50-64 year olds).

https://propertyupdate.com.au/believe-it-or-not-1-in-5-australians-own-an-investment-property/

I don't know if a lot of those Gen Y people are rentvestors with only one property... it definitely baffles me. But there you go, roughly 1/5 of each generation owns investment properties.

There is so much bullshit thrown around about Negative Gearing and all the rest when people forget Victoria has the highest stamp duty in any state (apart from SA), land taxes, CGT and income taxes... that often, it costs money to buy investment properties and sometimes at significant losses.

Unfortunately those aren't enough to tame people's desire to speculate on property prices. Negative gearing and the CGT discount should definitely go.