It’s harder than ever to find a home. Queues at inspections snake out the door. Prices have soared. But is it because of interest rate rises?
Letter writers call out gutless governments,a tax system which favours the rich,and poor planning for bringing the Australian dream of homeownership to an end.
The big advantage of capitalism is supposed to be that it makes each generation better off than the last,but that’s breaking down before our eyes.
Despite her celebrity status,outgoing New Zealand Prime Minister Jacinda Ardern failed to resolve the country’s housing crisis.
Jane Turner,60,was made redundant from a secure well-paid job eight years ago,which meant her financial deck of cards quickly came tumbling down.
Any tax savings you make from your investment decisions should be considered the cream on the cake.
That long-established desire to have a negatively geared asset to create a tax deduction to reduce taxable income is not always the best option.
In a speech on the housing crisis,leading economist Bernard Coates said:“The people who might live in new housing – were it to be built – don’t get a say.”
They’re progressive,climate conscious and care about housing affordability - but they’re not wedded to a political team.
The federal budget could miss out on billions in revenue in coming years and economists have called for reforms to bring Australia’s housing tax policy into line with international standards.
Independent analysis by the Parliamentary Budget Office found 57 per cent of negative gearing deductions go to the top 20 per cent of income earners.