Investors as well as property owners can now breathe a big sigh of relief knowing that there will now be no changes to negative gearing as a result of the election of the Coalition Government.
New research shows Labor’s negative gearing policy could have a greater impact on property prices, economic activity and state revenues than previously thought.
"Limiting negative gearing to new dwellings will only add a distortion that reduces investment in housing, erode housing affordability and put upward pressure on rents."
“Our concern is that Labor’s policy is a populist response to those who demonise housing and negative gearing as primary cause of our fiscal and social problems."
