The demographics suggest we should be doing the opposite:
There’s been more than a 100% increase in single adults occupying public housing in the past 10 years: 54% in 2016 compared with only 21% in 2015.
What’s more, the number of women over 50 in the past four years who find themselves homeless (reporting to living in cars or couch surfing) has doubled.
And don’t forget our elderly. There are 70-year-olds everywhere living on less than $399 a week, yet the cheapest rent they can find is $300.
With rents at an all-time high, and wage growth at a record low, the negative gearing gravy train may have just ground to a grinding halt. Just as recent technological trends have killed companies like Kodak and Dick Smith, this demographic swing may cripple millions of Aussie investors.
On the flip side, with a huge demand and limited supply, there has never been a better time to build affordable housing.
It’s better for the tenant, and more profitable for the landlord. With 12 million empty bedrooms in Australia and millions struggling, I am on a mission to build 1 million self-contained, affordable homes. That’s why I’m travelling all over Australia to spread the word.
I don’t believe the government is the best solution to our affordability predicament. This type of investing is so profitable right now, it actually encourages us as investors to build better communities and relieve housing stress for those who are struggling.
Find out how you can get higher rental returns and capital gain, replace your income, boost rental yields and even turn a negatively geared cash-burning property into positive cash flow.
Join me by clicking here at one of my FREE events being held all over the country (including NSW, Victoria, WA, QLD, SA and Tasmania).