The existing negative gearing arrangements have historically provided a safety net for investor renovators protecting them from budget blow outs, due to buying a property with unknown faults or failing to plan, budget and manage their renovation projects.
Whatever changes are implemented in the context of property and associated negative gearing, the same should apply to shares and the equities market to ensure all asset classes are on an even playing field.
"A lot of Australians have invested their hard earned money in real estate, and in doing so, they have offset the losses of that real estate against their primary income, in order to give themselves and their children some financial security."
