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By Chris Becker
It seems you can’t go wrong speculating on property, as capital gains in London – 19% for the year or £71,000 – are almost double the average post-tax income for Londoners!
A shocking chart from FT Alphaville tells the tale:
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It’s even better in Sydney where house prices are up nearly 15% this year on a median around 680k:
That’s$100k per annum, much better than your average salary. Take the year off and let your dogbox earn the cash for you? What a plan!