Is housing still a good investment? Dr Shane Oliver on the "unprecedented" changes
Summary
Bec Wilson interviews AMP Chief Economist Dr Shane Oliver on Australia’s economic outlook, focusing on the federal budget’s impact on housing affordability. Oliver analyzes cooling property markets in Sydney and Melbourne, attributing the slowdown to tax changes on negative gearing and capital gains. He discusses broader challenges like low productivity and inflation, while offering investment advice that favors diversified portfolios and superannuation over residential real estate.
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