SHOULD WE BE CONCERNED ABOUT LABOURS PROPOSED NEGATIVE GEARING CHANGES
In a recent interview on News.com.au Prime Minister Scott Morrison warned that the proposed changes to the negative gearing laws could actually “Invite a housing crash” This obviously is of great concern for those of us in the investment property industry. In an already softening market can Australia afford to meddle with one of the incentives to invest in property?
The Prime Minister also went on to say “ “Everyone has recognised that one of the biggest economic risks that the country faced was a housing market crash. That’s what the ratings agencies were concerned about, that’s what the banks were concerned about, that’s what economists all around the country were concerned about. That’s what, as treasurer, I was very concerned about. So we needed to bring the housing market into a soft landing.”
What are your thought on these proposed changes and will Labour go ahead with the plan if they win the next election?
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