stagnant

adj. still, not moving or flowing (about water); brackish, foul (about water); sluggish, inactive; not advancing or developing

Our capital gains tax rules also tilt the playing field in favour of growth. Not only do capital gains attract a 50 per cent CGT discount if you hold the investment for at least a year, but you don't have to pay tax until you realise the gain, which you can realise in a year your income is low, so that at least part of the gain is taxed at a lower marginal tax rate. It's not hard to see why most investors prefer growth to income. And in recent years, the residential property market has delivered to order. But in a falling or stagnant market, income becomes more important, and there's no sign that the income on residential property justifies the investment.

[ It's got to pass the test before you invest ]