Poll: Aussies Favor Cutting Investor Tax Breaks

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  • One in two (50%) support reducing tax concessions for property investors (negative gearing and the CGT discount)
  • Just over a quarter (28%) are opposed
  • Support to reduce property tax breaks outweighed opposition across the political spectrum (Labor, Coalition, One Nation, Greens, Independents, other)
  • Half (50%) ranked building more social housing as the best way for the federal government to spend its estimated $20 billion annual housing budget
  • More public and community housing was the leading choice across all voting preferences, with support ranging between 41% to 62%
  • By contrast, only 15% favoured providing tax breaks to encourage property investors to supply rentals.
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