Briefs

What is a capital gains tax? When an investment property is sold for more than it cost to buy, the difference between the low buying and the high selling price is called a capital gain.

What is the NAHA and what are its objectives? The NAHA is an agreement between Australia’s Commonwealth, state and territory governments that commits to achieve the following outcomes:

Between 19 per cent and 26 per cent of all high income metro jobs are located in the central city. This increases the demand among high-income households for housing that is close to the central city, which in turn pushes up the prices of that housing.

In Australia’s capital cities, the vast majority of jobs are located in the suburbs, not the central city area. However, the central city area does contain a greater proportion of high-income workers than either middle or low-income workers.

In Sydney, Melbourne and Perth, the number of people catching a train to work recorded the largest increase proportionally between 2006 and 2011. The very large increase in rail passengers in Perth can be attributed to the opening of the Mandurah railway line, which runs to the south of Perth, in late 2007.