New report shows damaging effects of housing tax changes
NEW dwellings will decrease, rents will increase and construction jobs will fall dramatically as the result of the Federal Government’s tax changes. This is the outcome of special modelling completed for the Housing Industry Association, Master Builders Australia, the Property Council of Australia and the Real Estate Institute of Australia. The modelling examines the cumulative impact of the Federal Budget’s primary housing tax reforms, including changes to negative gearing and capital gains tax concession arrangements, together with the $2 billion Housing Support Program. The