Unemployment hits record low, but less people looking for work
While the unemployment figure dropped to 3.9 per cent, only 4,000 new jobs were created and 7,000 people gave up...READ MORE
Increasing capital gains tax (CGT) will hit state revenue, renters and first home buyers by pushing investors out, the Housing Industry Association has said.
“According to research released today, an increase in capital gains tax would result in a $1 billion reduction in revenue to state governments, increase the cost of renting and exacerbate the housing affordability challenge,” said Tim Reardon, HIA’s principal economist.
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