The Greens balance of power demands to abolish Negative Gearing and double Capital Gains Tax on rental properties, will add $83 a week to average capital city rents on top of normal increases, according to new independent modelling.
Tagged: Negative gearing
Albanese will want to accept Bandt’s housing proposals because they’re in Labor’s DNA
If PM Albanese does not immediately and outright reject Adam Bandt’s demand he ditch negative gearing and double tax on capital it will be a tacit admission a Labor government will succumb in government.
Rule out changing negative gearing
It’s time for the prime minister to step up and rule out tinkering with the housing market and get on with the job of creating more supply. In particular he must rule out any changes to negative gearing.
Beware the wounded senior
Retirement income and savings policies could be deciding factors in this coming federal election. Forty-eight per cent of the seats in parliament have a median voter age of 50 years or older.
Labor’s housing affordability mess: profit for the few, pain for the many
Labor's two-pronged housing affordability package has them rowing the same boat in both directions, expending a lot of taxpayer dollars and going nowhere.
Bill Shorten at Press Club confused over negative gearing
Labor's problem is this. If abolishing negative gearing is to improve housing affordability it has to decrease prices. But if it decreases prices it decreases the savings of all home owners.
By how much will abolishing negative gearing reduce house prices?
Abolishing negative gearing is sold as a solution to housing affordability, but if it does nothing to reduce the price of houses, then it does nothing to solve affordability. Yet proponents of negative gearing continually tell us it will not affect house prices at all.
Show us the negative gearing modelling Bill
The fact they were over-claiming savings was confirmed by external modelling of the policy done by ALP think tank, the McKell Institute, the ANU, and since by the Parliamentary Budget Office.
Chris Bowen serial offender on negative gearing
Chris Bowen claims Australian property "concessions" are the highest in the world, getting it wrong twice in the same sentence.
Housing affordability – the deposit gap
This analysis shows the major issue with housing affordability is the time it takes to save a deposit, not negative gearing, and that mortgage repayments themselves are quite affordable by the standards of the last 23 years.
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Historically Australian interest rates have been higher than US rates. Makes sense - which currency... would you rather hold. So why would you expect Aussie interest rates to dive when US interest rates are holding up. #InterestRates #RBA #housing https://data.bis.org/topics/CBPOL/tables-and-dashboards
