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The Guardian - AU
The Guardian - AU
Business
Greg Jericho

The awful truth at the heart of Australian housing policy

Melbourne housing
‘Have the 24 years of the capital gains tax discount and negative gearing led to better housing affordability? Clearly not.’ Photograph: georgeclerk/Getty Images

Australian policy is dominated by interest groups and politicians pretending they are trying to do one thing, while actually doing the opposite, and by those same groups pretending that the policies in place are working while they actually fail. This is most obvious when we talk about negative gearing and housing.

Whenever discussing any policy, we always should step back and ask what we are trying to do, and whether what we have been doing has worked.

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