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Vital signs: to fix Australia's housing affordability crisis, negative gearing must go

By Richard Holden, Professor of Economics, UNSW
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House prices are back in the news, and out of control.

In the past three months the median house price in Sydney has risen by more than A$100,000 to A$1.12 million. Sydney’s median residential property price (including houses and apartments) is now 2.6% above its previous high-water mark, recorded in August 2017, before lending criteria were tightened (and COVID-19 struck).

Even areas far from central Sydney, such…

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