Property prices may drop but it’s decades of policy failure, not the budget, to blame

Instead of relying on tax-enhanced speculation, investors must now look at established properties based on actual profitability – leaving space for first home buyers

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For decades, Australia’s property market has been defined by relentless price rises, reinforcing the old adage that real estate investment is “as safe as houses”.

There’s now a wrinkle in that wisdom.
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