House prices soared ahead of income after the tax changes
Index of detached house prices and household disposable income per capita: 1989-90 = 100
1990
1992
1994
1996
1998
2000
2002
2004
2006
2008
2010
2012
2014
2016
2018
2020
2022
2024
50
100
150
200
250
300
350
400
450
500
550
600
650
700
750
Capital gains discount begins
Dwelling prices
Household disposable income per capita
