Brisbane Times
·general
·2 hours ago
How the Boomers grabbed the property market: RBA
Reserve Bank research released Thursday found wealthy older Australians are using negative gearing and capital gains tax concessions to dominate the property market, pushing up prices for lower-income buyers. The median age of housing investors climbed from 45 to 51 since 2000, with investors over 60 doubling to 28 percent.
Summary by Glance · Brisbane Times
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