Capital gains discount and negative gearing turbocharged property speculation and pushed up prices, analysis finds
Exclusive: Landlords ‘leveraging up’ by exploiting property tax rules are fuelling Australia’s housing affordability crisis, e61 Institute finds Follow our Australia news live blog for latest updates Get our breaking news email , free app or daily news podcast The combination of the capital gains tax discount and negative gearing rules has turbocharged debt-fuelled property speculation over recent decades, according to a new analysis of hundreds of thousands of property investments. The federal budget in three weeks’ time is widely expected to include changes to tax breaks for investors , in an effort to rebalance the tax system away from the wealthiest Australians and to take pressure off home prices . Continue reading...