Tag: housing
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House prices surge through end of 2016
Last year finished with a sharp increase in house prices in capital cities around Australia. Although the growth in prices had been modest for November, December saw an 1.4% rise in residential property prices on average. Melbourne and Hobart led the gain, although prices Melbourne and Sydney surged the most throughout the year. In 2016,…
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Are the scare tactics regarding Labor’s housing policy too much?
Labor’s policy certainly moves in the direction of reducing the appeal of tax breaks for future investors who purchase established properties. It does so by removing the ability for new investors to claim losses on their rental properties as an offset to their taxable income, known as “negative gearing”. It also halves the tax discount on…
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WATCH: Waleed Aly hits the nail on the head about negative gearing
There’s no secret that the property prices in Sydney are exorbitant, and makes it almost impossible for new homeowners to break into the housing market. On The Project, Waleed Aly as per usual sums it up in a great 6 minute video. https://www.youtube.com/watch?v=cCF8P1jJOsc