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Thousands of Aussies are at risk of missing out on lucrative tax deductions, with more and more owners opting to live in their investment property before renting it out, according to BMT Tax Depreciation.
Many Melbourne first-home buyers aim to build or buy a home closer to the CBD to avoid commute from the south-eastern suburbs, and four areas stood out for being popular among property seekers, according to a new data from the State Revenue Office.
In 60% of the cases between 1992 and 2017, home buyers would have been better off renting and maintaining a leveraged ASX200 investment than purchasing a home, according to an analysis by the Australian Bureau of Statistics, Family & Community Services and Reserve Bank of Australia.