THE AGE (letters to the editor)

The impossible dream

A small but well-presented Victorian weatherboard cottage in our street sold at auction recently for $923,000. It was the highest priced auctioned house on the day in Richmond. It was sold to a middle-aged couple who outbid a young couple. This week, plastered over the sold sign, is a “ready for lease” sign. It is listed on the agents’ website at $600 a week. How on earth can young folk get into the housing market when they are outbid by the well off, who may then negatively gear properties for financial gain?

Kevin Pierce, Richmond

How Lex Luthor and the bad guys treat land:-