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Rent hike warning sparks housing policy debate
Published 3 weeks, 2 days ago
Description
Australia's leading property bodies have released modelling predicting rental increases of $10 per week due to federal budget housing tax changes, five times higher than Treasury's $2 estimate. The reforms affect negative gearing, capital gains tax and self-managed super funds. Health Minister Mark Butler defends the Treasury modelling while Deputy Opposition Leader Jane Hume criticises the government's housing policy, citing fewer home builds and higher rents.
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