A Stuff article.
New Government policies intended to shift the balance of the property market more in favour of first-home buyers risk bringing it to a “more abrupt stop” than intended, a leading economist says.
A range of new measures were announced on Tuesday, including $3.8 billion for infrastructure, an extension of the bright-line test that means some investors pay tax on their gains when they sell properties, and the removal of interest deductibility.
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