Part 7/12:
Recently, the union representatives have publicly pushed for stronger reforms—specifically, increasing taxes on property investors and further limiting negative gearing. In an address on ABC, union spokespeople called for a cap on the number of investment properties an individual could have, limiting the tax benefits to just one property while grandfathering existing arrangements for five years. They argued that only a small fraction of investors—roughly 1%—own a disproportionate share of investment properties, suggesting that targeting this minority wouldn't harm ordinary Australians seeking to build wealth but would help address inequality and housing affordability.