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Union Pushes for Single Property Limit on Negative Gearing
The Australian Council of Trade Unions is advocating for significant changes to negative gearing and capital gains tax regulations. Their proposal suggests limiting tax breaks to a single investment property, phased in over five years. This move aims to address housing affordability concerns for younger Australians, a challenge the union believes is worsening.
Source: www.abc.net.au
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RBA Cuts Cash Rate to 4.10%
The Reserve Bank of Australia (RBA) has lowered the cash rate target to 4.10 percent and the interest rate on Exchange Settlement balances to 4 percent. This decision follows a significant decrease in inflation since its 2022 peak, driven by higher interest rates and easing demand. While the RBA is more confident inflation will return to its target range, they acknowledge some upside risks remain, particularly concerning recent strong labour market data.
Source: www.rba.gov.au
Published: Sunday 03 August 2025 | Fresh Articles: 8 | Sections: 2 | RunID: 2025-08-03T13:58:12+00:00
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