Than the banks loosing financial backup and it gets even more worst. To slow down a economy and punish the homeowners on the spot is wrong. On the other side, if you save up..... you still pay tax to the goverment. Punishment to for you for saving up.
Australias system needs an overhaul and if you pay already income tax, you should be free of any capital gains tax.
If no changes comming up, australia is building for itself a very explosive sitiuation with desasterous consequences.
