They will need to pay the property tax with no possibility of getting a tax discount, so they will have a competitive handicap against owner-occupiers, who will be able to outbid them in contrast to the current situation.
Government could consider providing a discount if the houses are rented out at affordable rates.
Whats your plan for investment groups that back corporations buying 1000 houses each month to rent?
They will need to pay the property tax with no possibility of getting a tax discount, so they will have a competitive handicap against owner-occupiers, who will be able to outbid them in contrast to the current situation.
Government could consider providing a discount if the houses are rented out at affordable rates.