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Scrap negative gearing and suffer the consequences, lobby warns

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Australian Broker | 23 Sep 2014, 08:10 AM Agree 0
New research has claimed restricting access to negative gearing for residential property would reduce investment in housing, hinder housing affordability and increase the cost of renting
  • Incognito | 23 Sep 2014, 11:10 AM Agree 0
    Make negative gearing only for new buildings.

    Save the tax breaks for new housing, which we so obviously need and which creates jobs.

    Reinstate the first home owners grant - to get poorer people on the ladder.

    (zillionaires won't be on welfare anyway).
  • Rod | 23 Sep 2014, 01:27 PM Agree 0
    I am sure negative gearing was quarantined for a period in the late 80s and house prices were depressed as investment slowed. They then spiked briefly when it was brought back in. Might have been an early Keating initiative??
  • Nathan | 24 Sep 2014, 10:38 AM Agree 0
    What utter rot: negative gearing (and CGT discount) driven investment in property is almost entirely about EXISTING property. It does absolutely NOTHING for creating new property (why would it? you get tax breaks on buying an existing property). That's why since late 80s the investor loans have been used predominantly for existing property - currently sitting up around the 90+% mark.
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