Sydney - Middle East Times Int’l: Liberal MP Zoe McKenzie warns the rental market is “so tight”.

“Many people have second homes in my electorate – they're not going to put them on the rental market,” she told Sky News Australia.

“Land tax is excruciating – you can never charge people enough rent to cover your taxes.”

This comes as the Greens are threatening to block Labor’s Help to Buy Scheme unless there are significant changes to negative gearing.

The minor party is arguing it will free up billions of dollars in government revenue and allow more renters to buy a home.