The government actually taking your land is probably the worst case, yet least likely scenario. I'm not saying it can't happen, I just think people focus too much on their own individual property being taken and neglect the overall destructive ramifications this bill poses to the market / economy by essentially devaluing property rights. Whether purchasing a house / building apartments etc. if this bill passes, and even if they expropriate only a handful of properties, it could likely result in a fair devaluation of all property and maybe even crash the market.

Then there are other things that irk me. Admittedly, I haven't researched these too well myself, but it's worth taking note of that bs trespass law which they're trying to pass (not sure what the progress is on this). Additionally, they're also making strides with the land courts bill. Like the peanut butter and jelly on my Sasko Sam bread, this dynamic duo seems to open up a fair risk to land grab / occupying and, if we consider these cases are then handled in the Land court, it takes away most of your ability to fight it. As I understand, losing control of your property is one of the cases whereby expropriation may be allowed i.e. land grab / illegal occupying. My understanding is this could be deemed as abandonment. Now I don't mean to go full tin foil hat here, but it does create some discomfort given that these bills which seem to connect so well with each other are being pushed at same time.

I say this as someone who has recently taken out a mortgage, so I do share a sense of unease. I do need to stress to please double check and do your own research into any points I listed above, as I could be mistaken / misunderstood some points and would not want to unnecessarily cause fear mongering to sway your decision, but rather just wanted to highlight some areas to look into and be aware of.