This is the secondary and final effect of low wages growth, that even with tax breaks such as negative gearing, and with the lowest interest rates ever, the property investment doesn't make financial sense.
If that were not enough, reduced tax rates makes negative gearing even less attractive. Better to keep the after-tax income and spend it on a more reliable yielding / capital gain investment than save money in tax and still end up poorer.
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This is the secondary and final effect of low wages growth, that...
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