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Australia Watch

28 Mar 2007

Of the $24 billion set aside in the Commonwealth budget for housing, 80 per cent was spent on tax breaks for "the big end of town" such as capital gains tax exemptions and negative gearing, the group estimates. Just $933 million would be spent on public and community housing, $1 billion on the first home buyers grant and $2 billion on rent assistance.

100,000 people could have been properly housed with that money.

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