Australia housing bubble

[b0son]

Originally Posted by xax2

Capital Gains Tax came in in 1987 and was originally discounted for inflation but became difficult to calculate so they made it apply to 50% of the gain which is a much clearer formula.

https://www.theguardian.com/business...ed-the-economy

Have a look at the graph titled 'Number of taxpayers earning a rental profit or loss'. Note how the number of negatively geared investors soared after 1999, the year the CGT discount was introduced.