Property was Australia’s favourite wealth builder. A tax overhaul aims to end that (opens original article in a new tab)

Australia's property market faces a downturn as tax reforms end investment incentives, leading to lower auction clearance rates and reduced buyer interest.

• Australia's property market sees declining auction clearance rates due to tax policy changes.
• Property investment tax breaks ended, affecting wealth-building practices in the country.
• Clearance rates dropped to pandemic-era lows, with fewer bidders and viewers.