biggest problem in Australia regarding homes, which is now engrained and basically impossible to remove, is the 50% CGT discount.
The 50% CGT discount was initially introduced only as an interim measure due to a change in legislation however the Howard government maintained it.
The 50% CGT discount caused an investment or speculative bubble in real estate and pushed up real estate prices.
The 50% CGT discount should be abolished for all things including shares.
However this would cause hell for the little bloke who owns his token investment property.
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