Pros and Cons of RNT - Dog or Gem?, page-14

Hi Marvin

Market size - ATO Rules  - they have a bigger stick!
ATO data supports RENT claims of market size

ABS may be detailed but accurate I am not convinced on market size on I am happier with ATO data as they are closer to our wallets than the ABS who have well publicised problems of credibility with their data.

ATO data for Fy 2012/13 - says  1,944,080 individual taxpayers declared income from one or more properties of  $36.593Billion with a net loss of $5.396Billion (negative gear works a treat)

So lets be mean and say only 20% of individual taxpayers own only one more property there were then in 2013 at least 2,332,896 private rental properties - well that have been declared!!

https://www.ato.gov.au/About-ATO/Re...ics-2012-13/?anchor=Individualstables#Table13

That's only for individuals -  yet to be added are properties owned by Trusts and companies no small beer.

So it says to me the private rental market in 2016 with our all time record building boom, adding around 450,000 residential properties since 2013 and the highly elevated purchasers by investor/speculators we will have a private rental market is a lay down miser to closer to 2,700,000 and with family arrangement and public housing I believe RENTS claims of 3,000,000 residential  units are totally valid

By the bye the ATO data matching program that started 10 years ago has been given a massive boost with new legislation and regulations https://www.ato.gov.au/General/Gen/Real-property-transactions-data-matching-program-protocol/ and already they know there are 1 million rental records created annually with rental bond authorities and will provide extremely accurate information in the future and catch a huge number of dollars in undeclared income and capital gains.
But that's for another time