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
$63.70 |
Change
0.460(0.73%) |
Mkt cap ! $12.35B | |||
| Open | High | Low | Value | Volume |
| $63.42 | $63.70 | $63.24 | $12.50M | 196.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 531 | $63.68 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $63.72 | 58 | 1 |
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| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
$63.53 |
Change
0.460 ( 0.47 %) |
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| Open | High | Low | Volume | ||
| $63.32 | $63.70 | $63.25 | 38280 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| ASX (ASX) Chart |