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

While other property markets, including in Canada, underwent a jarring correction after the pandemic, Australian housing prices have only pushed higher. Photograph: Bloomberg/Getty Images

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.