Home ownership plays such a large part in Australia’s economy that taxing capital gains made from selling the family home would hit the provision of other services such as retirement and aged care, economists said.
The International Monetary Fund’s recommendation this week that the country tax capital gains made on the sale of the family home overlooked aspects of how the economy worked, CoreLogic’s head of Australian research Eliza Owen said.
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Michael Bleby covers commercial and residential property, with a focus on housing and finance, construction, design & architecture. He also dabbles in the business of sport. Based in Melbourne, Michael is on Bluesky @michaelbleby.bsky.social. Email Michael at mbleby@afr.com
