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New data reveals thousands of Australians who own 10 rentals or more (www.abc.net.au)
submitted 1 month ago by Nath@aussie.zone to c/australia@aussie.zone
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And as the article says - this data is only from individual tax returns. It doesn't cover companies.

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[-] Taleya@aussie.zone 2 points 1 month ago* (last edited 1 month ago)

Taxing tends to even that out. Increasing the % for every property over ppr.

Of the multifacets there are two bigguns: the cash cow of investment properties and tax breaks, and developer landbanking and artificial restriction of supply on new builds.

Tax the shit out of both of these.

this post was submitted on 16 Oct 2024
113 points (98.3% liked)

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