Won’t this make rentals more expensive?
This is a significant risk in a market where supply is unable to meet demand, and we must address that fundamental issue in order to improve the lives of renters. Here's what TOP will do:
In order to increase supply, TOP’s tax policy will incentivise holders of empty property to let it out or to sell it to someone who will, as they will no longer be able to rely on capital gains to get a return on that investment. At the same time, TOP's housing supply policy will clear the way for more and denser housing construction by incentivising and resourcing councils to say yes, instead of no.