How Albanese could tweak negative gearing to save money and build more new homes
How Albanese could tweak negative gearing to save money and build more new homes
An astounding one in nine taxpayers negatively gear, costing Australia more than $2.7 billion a year. Here’s how we could get better value for that money – and supercharge investment in new housing.
Could do, but likely won't. The voters punished Labor when shorten mentioned policies that maybe might have started making houses more affordable.
Personally i think CGT discounts should never have been a thing. Negative gearing should only have been for new builds and with a time limit of say 10 years.
Short of a time traveling assassination of John Howard I don't think we can easily unfuck the last few decades of bad policy.
Negative gearing will never be removed.
It's nothing to do with the voters.The politicians are the landlords
I don't see how they can't just put a cap on negative gearing, say 40k p/year. That would surely satisfy the "mum and dad" investors that everyone gets up in arms about. Might even be worth setting it for a set age bracket e.g. for 60+ year olds there is no cap. I feel this is probably warranted as that generation was told to invest in housing for their retirement, younger generations now have super
I was very confused at first, since this is how I know Albanese: