ABC News – World
·world
·2 hours ago
Housing investors are increasingly older and wealthier, Reserve Bank research shows
Reserve Bank research shows housing investors have become significantly older and wealthier over the past 20 years. The share of investors aged over 60 surged from 12 to 28 percent, while investors under 30 fell from 9 to 3 percent. Rising property prices and tax concessions like negative gearing have favored higher-income households.
Summary by Glance · ABC News – World
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