Victoria’s tax squeeze on property investors has made Melbourne more affordable for buyers, and the federal government appears to be eyeing similar levers through proposed changes to the capital gains tax discount and negative gearing.
While many Melbourne investors feel they were an easy target to raise revenue for a beleaguered state government’s post-COVID debt, the result – whether by happenstance, policy design, or a mixture of both – is that first home buyers have a significant leg up compared to other capitals.
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