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Aussie Home Loans' John Symond says the tax measure should be scrapped for luxury homes.
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Treasurer Joe Hockey and Shadow Treasurer Chris Bowen questioned over negative gearing last night on ABC's Q&A program.
The real estate industry has stepped up its defence of negative gearing ahead of the budget.
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The Real Estate Conversation welcomes opinions and commentary on real estate's biggest issues, like negative gearing.
REIA urges government to retain negative gearing to encourage property investment and place downward pressure on rents.
In support of the tax measure which has enabled millions of Australians to invest in property.
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