SMH
·general
·2 hours ago
How the Boomers grabbed the property market: RBA
Reserve Bank research released Thursday shows wealthy older Australians have captured a growing share of the property market using negative gearing and capital gains tax breaks, pushing up house prices for lower and middle-income earners. The median age of property investors climbed from 45 to 51 since 2000, with those over 60 doubling to 28 percent of the investor.
Summary by Glance · SMH
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