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Aussie Labor Party calls for cuts in property tax perks

High property prices making it difficult for young Australians to own homes

The median home in Sydney costs 12.2 times the median annual pretax household income, up from 9.8 in 2014, according to the latest global housing affordability survey from Demographia.


AUSTRALIAN investors enjoy some of the most generous tax concessions in the world when they buy real estate. That could be about to change.

The opposition Labor Party is proposing scaling back tax breaks for landlords that have helped fuel a 50 per cent increase in...