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AAP
AAP
Business
Kat Wong

Property investor tax breaks blamed for housing crisis

Australia should spend more on social housing and less on investor tax breaks, a report has found. (Joel Carrett/AAP PHOTOS)

Affordable housing has moved beyond many Australians' reach because the government is subsidising the private market instead of building social housing, a new report has found.

Everybody's Home Written Off report shows the federal budget is expected to lose almost a quarter of a trillion dollars to negative gearing and capital gains tax concessions between 2010-33.

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