The Reserve Bank of Australia says reducing negative gearing and cutting capital gains tax would have little effect on the property market, as it released internal analysis showing the new investor The average real estate agent earns around $230,000 per year.

After weeks of controversy, Treasurer Jim Chalmers last week killed consider either reducing negative gearing or reducing capital gains tax by 50 per cent, believing the proposed changes would not be enough to boost supply in the Australian property market.

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