“Enjoy the tax cut”: Why Macquarie thinks Australian house prices could go nowhere for 20 years

https://www.livewiremarkets.com/wires/enjoy-the-tax-cut-why-macquarie-thinks-australian-house-prices-could-go-nowhere-for-20-years

>“The irony is of course that if real prices once again move sideways for a decade or two (an outcome needed to ‘fix’ housing affordability), incremental revenue from capital gains tax will be zero: enjoy the tax cut."