As housing prices soar and millions face the prospect of renting for life, Opposition Leader Peter Dutton has been sprung with a $30 million property portfolio.

He’s not alone, however, as more than 70% of MPs own two or more properties.

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The divide between the “haves” and “have-nots” is becoming more pronounced as home ownership rates fall. A new report by Everybody’s Home has found that even middle income earners are struggling with rising rents

Workers on higher wages have been told the best way to growth their egg is by purchasing a home, after which they are given tax incentives to leverage that value to buy investment properties.

The “haves” then rent them out to help pay their own mortgages while lower-paid workers, who cannot afford to buy, are slugged with higher rents.

Priced Out 2025 said a person needs an income of $130,000 a year if they are to avoid rental stress. It found that most renters pay a huge percentage of........

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