Appearing to grasp the interplay between demand, supply and price, the IMF has suggested legislation to effectively remove a large chunk of the market - and it isn’t wealthy investors. It’s an iconic genie move - a deliberate misinterpretation of the issue at hand with a solution that misses the point.
Read MoreSoaring Aussie house prices have caused the average stamp duty bill to skyrocket. The huge “admin fee” lands on the buyer - but has generated nearly $60 billion in additional revenue for state governments.
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