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The Plot Thickens Down Under

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In Australia - property tax hitting middle incomes.

http://www.smh.com.au/news/Business/Proper...5730800194.html

High property taxes are pushing home ownership out of reach for many low to middle income families, according to the nation's peak building industry body.

And state governments are actually increasing the amount of revenue they collect from residential properties despite the nationwide slow-down in the property market.

The Housing Industry Association (HIA) said tens of thousands of low to middle income families were being priced out of the property market by a combination of bracket creep - the movement of personal income to higher tax brackets through inflation - and council rates increasing faster than the consumer price index (CPI).

:( :angry:

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In Australia - property tax hitting middle incomes.

http://www.smh.com.au/news/Business/Proper...5730800194.html

High property taxes are pushing home ownership out of reach for many low to middle income families, according to the nation's peak building industry body.

And state governments are actually increasing the amount of revenue they collect from residential properties despite the nationwide slow-down in the property market.

The Housing Industry Association (HIA) said tens of thousands of low to middle income families were being priced out of the property market by a combination of bracket creep - the movement of personal income to higher tax brackets through inflation - and council rates increasing faster than the consumer price index (CPI).

:( :angry:

The Austrian market has always seemed far overcooked to me. They will have a bit of "correction" to go throughy before sanity resumes.

Edited by expatowner

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  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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