If we abolish or restrict negative gearing, the potential for investors to choose other asset classes instead of property could exacerbate the already slowing trend of investor lending.
We accept that the Reserve Bank were not modelling the Federal Opposition’s policy – but this memo clearly flags that changing negative gearing would impact rents.
Sellers are likely to list their properties after the election, and buy in the traditional spring selling season, says Raine & Horne Executive Chairman, Angus Raine.
