.... is that property speculation is the number one economic...

  1. 43 Posts.
    .... is that property speculation is the number one economic evil in Australia.

    Interest costs are written off against current income, building/fit-out costs are written off against current income, and then you get a whopping 50% discount on the capital gain. Effective tax rate of 15% perhaps?

    All Ozzies own Sydney Harbour but few of us see a social dividend from the 20 year boom in Sydney property.

    Think about it
 
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