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.
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.
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
9 Comments
Longmactoppedup@aussie.zone · 13 pts · 2y
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.
No1@aussie.zone · 6 pts · 2y
Negative gearing will never be removed.
It's nothing to do with the voters.The politicians are the landlords
https://www.sbs.com.au/news/the-feed/article/politicians-and-their-property-portfolios-how-many-do-they-own/wb7k9xq1p
Custoslibera@lemmy.world · 8 pts · 2y
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.
No1@aussie.zone · 3 pts · 2y
Politicians didn't need the tax cuts.
They already gave themselves a 4% pay rise, their biggest increase in a decade
Suspiciousbrowsing@kbin.social · 1 pts · 2y
Aren't their wage increases determined by an independent group/board ?
No1@aussie.zone · 3 pts · 2y
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
Taleya@aussie.zone · 2 pts · 2y
Ayup. Get them scared enough and self preservation will override the greed
Suspiciousbrowsing@kbin.social · 2 pts · 2y
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
CraigeryTheKid@lemm.ee · 1 pts · 2y
I was very confused at first, since this is how I know Albanese:
https://www.albanesecandy.com/