It would make more sense to just remove the tax incentives to real estate.

Personally, I think that it's wrong how you have to pay more taxes when you own one house, then if you own 7 houses.

It should really be the opposite.

It should be like you own one house?? No taxes..

You own more than one house? Little bit of taxes.

You own 48 investment properties and you don't even live in Australia?

Seize the fucking houses and auction them off cheap.

But the only time the government will seize a house if it's a family can't afford to pay rates.