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The problem is housing in Australia has been turned into an investment. The Howard government in the 90's gave houses only 50% capital gains tax, which puts it
by edward28 2y ago
The problem is housing in Australia has been turned into an investment. The Howard government in the 90's gave houses only 50% capital gains tax, which puts it inline with stocks. This has led to rampant speculation in the property market and the idea the price can only ever go up.
- pan69 2y agoI wonder if there are numbers available on this. E.g, oversimplification, if 50% of the population owns 100% of the real estate would mean that the other 50% can't buy.