Australia has some of the world's costliest homes. Will scrapping tax breaks help?

Australia is home to some of the world's most expensive housing, prompting the government to consider reforms to help young people enter the market. The proposed changes involve scrapping tax breaks, which the government hopes will increase affordability. Critics, however, argue that removing these tax breaks will stifle the supply of new homes, potentially exacerbating the issue. The reforms aim to address the country's housing affordability crisis, which has been a longstanding concern for many Australians.

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