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Aging Australians own 27% of rental units as home prices soar, prompting proposed tax reforms to ease the housing crisis.
Over the past two decades, Australians over 60 have dramatically increased their rental property ownership, now holding 27% of all rental units while renters under 30 have seen their ownership drop by 13%.
This shift coincided with soaring home prices, particularly in Sydney and Melbourne, where median prices more than doubled.
Experts argue that tax policies like negative gearing have disproportionately benefited older, wealthier investors, inflating prices and limiting opportunities for younger buyers.
Proposed reforms aim to cap negative gearing, limiting deductions to rental income or reducing capital gains tax benefits to raise up to $10 billion annually and help ease the housing crisis.
Los australianos mayores poseen el 27% de las unidades de alquiler a medida que los precios de las viviendas se disparan, lo que provocó reformas fiscales propuestas para aliviar la crisis de la vivienda.