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@ dagwood
2025-05-08 09:39:05
The smart money will just pump the shit out of the top end of the housing market,as selling your primary residence has 0% CGT tax and no top limit.
And with the new loans 5% down 10 year interest only it will push the whole housing bubble higher, kicking the repercussions down the road 10 years.
Until the plebs can't repay the higher rate of the principle.
By then most of the pollies who wrote and voted for this legislation will be retired and it won't be their problem.
Utter grubs!