Australia Cracks Down on Property Investors
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Good morning, Australians are waking up to the government’s annual budget which featured a crackdown on tax concessions that have long favored property investors. While opposition to the move is likely to be fierce, the changes are expected to be well-received among younger voters who have struggled to get a foothold in the housing market.
Elsewhere, the world is gearing up for a much-anticipated summit between US President Donald Trump and Chinese President Xi Jinping. The two are set to meet in Beijing with trade expected to be the focus, even as the Middle East conflict remains far from resolved — Carmeli Argana, Australian stocks reporter