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
We literally just had politicians vote against their own self interest by reducing stage 3 tax cuts.
It’s possible they will do the same for negative gearing.
Politicians didn’t need the tax cuts.
They already gave themselves a 4% pay rise, their biggest increase in a decade
Aren’t their wage increases determined by an independent group/board ?
And the President of that is a former CEO of Australia’s largest commercial property services firm, and former National President of the Property Council of Australia.
C’mon, you know how this works
Ayup. Get them scared enough and self preservation will override the greed
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:
