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buxtente @ buxtente @lemmy.world
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9 mo. ago

Higher interest rates smashed landlord profits, but negative gearing means few sold up

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  • We've legislated ourselves into a corner - we can't get rid of CGT concessions and negative gearing without crashing the housing market and therefore our economy...

    The only way out is slowly introduced reform that aims to flatten house prices, but it has to be done almost clandestinely so as to not scare investors.