Australians have been Sold Out (Housing Disgrace)

Several times, ultra generous housing tax concessions have tried to be overhauled to improve housing affordability in Australia - even Anthony Albanese fought to overhaul negative gearing and capital gains tax discount in 2016 - however it seems that vested interests are more happy for a property investor to own 7 or 8 properties, rather than a first home buyer to be able to own just 1 property. As a result, millions of Australians have been thrown under the bus.

Tarric Brooker's news.com.au article: https://www.news.com.au/finance/economy/australian-economy/why-1-of-aussies-are-ruining-it-for-everyone/news-story/0d13bae66573ea104f12d838b6cd8cab

Two rival politicians in Australia have joined forces to outline their strategy for improving the current Australian Housing Affordability Crisis - and that involves Reforming Australian Housing Taxation Concessions - specifically Negative Gearing and Capital Gains Tax Discount.

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DISCLAIMER: This video content has been made available for informational and educational purposes only and does NOT in any way constitute financial or investment advice.

#australianrealestate #housingcrisis #housingmarket #bikokonstantinos