New figures from the ATO busts the myth that property investment is the province of the rich in Australia.
The top 40 occupations of people who own rental properties include: childcare, disability and aged care workers, motor mechanics, truck drivers, receptionists, sales assistants and police officers.
Nor are most of Australia’s landlords rich. Of Australia’s 2.3m landlords, more than 75% of them earned $120,000 or less.
How will higher interest rates impact the large cohort of low and middle income landlords?
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