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A crisis in housing affordability : Comments
By Andrew Bartlett, published 28/8/2006Intellectually and morally bankrupt buck-passing has continued for years, while housing affordability has grown steadily worse.
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Specifically these actions were
1. the new home owners grant started in 2000.
2. continuation of negative gearing on investment properties
3. reduction of capital gains tax on investment property held for more than 12 months
Demographers have shown that migration increases demand for housing and most migrants gravitate to Sydney or Melbourne where unemployment rates are highest.