As a US transplant I have often wondered why Australia does not have the corporate owned apartment complexes that are common through the US. Some are flats and some US style townhomes that can be quite large with double garages, rear gardens, and so on. They seem to be good business because there is rental income as well as capital appreciation of the real estate. Does anyone have a sense of why? It appears the tax issues are similar, as are landlord and tenant rights for the most part.
Such corporate owned and managed complexes would seem to address a lot of the issues with dodgy landlords, at least for flats.
