The real tax winners in Australia’s housing market aren’t property investors
As calls grow to scrap capital gains tax concessions for investors, new data shows first home buyers receive the most generous tax and deposit advantages — raising questions about what’s really driving property prices.
Mum and dad investors provide more than 90 per cent of the 3.5 million homes that tenants occupy in Australia. (Image source: Koupei Studio/Shutterstock.com/Hotspotting)
Despite what many would have us think, the property buyers who get the best tax advantages in Australia are not investors.
Like clockwork, as soon as an election or Federal Budget rolls around, talk in the mainstream media turns to cutting off tax incentives for “greedy investors” and by that they mean getting rid of the misnamed capital gains tax “discount”.
But there’s actually a different type of property buyer out there who is massively adv…
