Deflation 2004AD Reserve Mon(k)ey
Prime Minister John Howard has warned people against taking out big mortgages amid fears that the housing bubble will burst soon and predictions of higher interest rates within months.
Investors can write off rental losses against tax and since 1999 pay tax on only half the capital gain when they sell. That, along with historically low interest rates and relaxed lending practices have encouraged the investment surge.
· Come Winter 2004 [Age, The]
· Cooling Market Madness? I Doubt It...More to Come Courtesy of Greed [ SMH]