Tax breaks for investors unfair but there’s no quick fix, housing affordability boss says

Susan Lloyd-Hurwitz says the best that can be hoped for is that prices stabilise and don’t grow in excess of wage growth

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Generous tax breaks for property investors are leading to “deeply inequitable” outcomes, the chair of the government’s National Housing Supply and Affordability Council (NHSAC) has warned.

Susan Lloyd-Hurwitz, a former chief executive of property developer Mirvac, said there was no easy or quick fix to Australia’s housing crisis.

Source: Guardian - World News