"Labor's negative gearing policy would cost the budget $32 billion"
Proposals to limit negative gearing and reduce capital gains tax concessions will cost the ALP a staggering $32 billion in just 10 years, according to research by the Property Investment Professionals of Australia (PIPA).
When Labor announced its policy to restrict negative gearing, Sydney’s property market was soaring, and its median house price had hit $1 million. Unfortunately, for Labor, much has changed since those heady days.
