While not particularly timely, these data show that the share of taxpayers who are property investors has increased steadily over the past few years. In 2014/15, around 11 per cent of the adult population, or just over 2 million people, had at least one investment property and around 80 per cent of those were geared (Graph 10).
Undoubtedly, the problem has not gone away and will be one of the hardest issues also in the upcoming meetings. However the exchange rate, the real exchange rate to be exact, is only a part of the adjustment mechanisms which can lead to a more balanced redistribution of economic activity and spending.