Joshua Byrd3d ago
The reason that cutting the CGT discount will lead to a big increase in supply of homes for owner occupiers is not that it will make builders build faster, but because it will make hundreds of thousands of property speculators decide they don’t want to hang on to so many houses. https://thepoint.com.au/opinions/260312-australia-actually-has-more-than-enough-houses-theyre-just-owned-by-investors
Australia actually has more than enough houses, they’re just owned by investors

Over the past 10 years, the number of new homes has been growing faster than the population. Read that sentence again if you need to, but doing so won’t change the facts.

Show threadLea de Groot TZ+10
@phocks there is rumour of curtailing the CGT discount in the upcoming budget, and i am on tenterhooks to see if they do!!! Best thing for Australia ever! (But will they go far enough?)
Mar 14 at 6:06amWeb
Show threadJoshua Byrd3d ago
@leadegroot 🤞