Also other countries are doing the similar thing.
My son is living in Switzerland, where house prices are substantially higher than in Australia.
To solve housing crisis , you pay 10% deposit over there and other 10% from your pension fund and you can take mortgage for 50 years + on fixed interest rate, you are basically renting. No flipping and short term speculations with properties. First 5 years you will pay very high capital gain tax....
Superannuation Changes from July 2021, page-4
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Last
$63.77 |
Change
0.330(0.52%) |
Mkt cap ! $12.36B | |||
| Open | High | Low | Value | Volume |
| $63.69 | $64.19 | $63.39 | $20.87M | 327.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 343 | $63.56 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $63.86 | 1294 | 1 |
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| ASX (ASX) Chart |