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....
Also other countries are doing the similar thing.My son is...
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Last
$63.99 |
Change
-0.040(0.06%) |
Mkt cap ! $12.40B | |||
| Open | High | Low | Value | Volume |
| $64.56 | $64.90 | $63.91 | $20.60M | 321.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 12 | $63.90 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $64.40 | 155 | 1 |
View Market Depth
| Last trade - 16.10pm 25/04/2024 (20 minute delay) ? |
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Last
$64.22 |
Change
-0.040 ( 0.27 %) |
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| Open | High | Low | Volume | ||
| $64.54 | $64.88 | $63.92 | 24727 | ||
| Last updated 15.59pm 25/04/2024 ? | |||||
| ASX (ASX) Chart |