Elaine Loughlin: Changes to property tax make it fairer for all

The government has re-examined the property tax system to include all homes

In the first-time buyer's world of Ikea furniture, €2,970 would go a long way in sorting beds, sofas, curtains, lights and all the other extra expenses that go with getting on the property ladder.

That figure, €2,970, is the amount people who were lucky enough to bag an average-sized new home have saved since the controversial local property tax was first introduced.