Matusik Missive

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Australian property investors are overwhelmingly local, with 68% holding just one rental unit and buying primarily in their own metropolitan area. Transaction frequency is low; most owners hold properties for years rather than flipping them. A striking 580,000 investor‑owned dwellings – about 41% of the stock – sit empty, limiting rental supply. The analysis argues that policy should focus on improving utilisation rather than curbing purchase activity.