As Kohler points out in his introduction, the demand for housing started taking off in earnest after the Howard Government’s reduction of the capital gains tax (CGT) by 50% in 1999.
Very much keen to see this divergence stop, that would be a big difference.
Bigger if wages can catch up.
Nah fuckem. At this point the boomers could sell up their investment properties and absolutely have more money than they’d spend for the rest of their lives. Tax the shit out of anything past PPR.
Very much keen to see this divergence stop, that would be a big difference. Bigger if wages can catch up.
https://michaelwest.com.au/the-housing-crisis-we-didnt-have-to-have-and-how-to-fix-it/
It also coincided with a bunch of pension changes that made using property investment to support yourself in your old age a sensible choice.
And so fucked us all.
Yeah, so makes sense that they had to grandfather it. I’m not into fucking old people either 😜
Nah fuckem. At this point the boomers could sell up their investment properties and absolutely have more money than they’d spend for the rest of their lives. Tax the shit out of anything past PPR.