[BITList] High cost of housing in Australia.

[John Feltham]

The “biggest single thing” the Turnbull government could do to address the rising cost of Australia’s housing is to scrap negative gearing.

It found an average Australian house cost the equivalent of 6.6 years’ average household income. In Melbourne it was 9.9 years’ income, and in Sydney it was a nausea-inducing 12.9 years.
How many years’ income should it take? According to Demographia, just three.


http://tinyurl.com/y8kbzt5c <http://tinyurl.com/y8kbzt5c>



ooroo


-------------- next part --------------
An HTML attachment was scrubbed...
URL: <http://lists.bcn.mythic-beasts.com/pipermail/bitlist/attachments/20180124/7b32ff9c/attachment.html>