BBC News – Australia
·australia
·1 hour ago
Government scraps investment property tax breaks to tackle soaring housing costs
Australia's government is scrapping tax breaks on investment properties to address soaring housing costs that have left young people struggling. The average home now costs nearly ten times median household income, up from 2.5 times 25 years ago. Negative gearing and capital gains tax discounts made housing lucrative for investors since 2000.
Summary by Glance · BBC News – Australia
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