Any changes to negative gearing are highly unlikely – even something minor, fiddling around the edges, like only allowing NG for new investments in new property just will not happen.
One thing I don’t expect from an Abbott government is innovation in relation to long standing economic policy – Abbott is more a conservative than Howard and that should tell you all you need to know.
IMHO the NG debate is an distraction that will simply attract opposition to ANY reform of the housing market.
Policies to expand supply (including government building and then selling) are the best way to put downward pressure on new house prices and eventually existing house prices.
As the realisation starts to dawn that the prospects for future capital gains are fading, investors with a negative gearing agenda will exit the market.
The ‘problem’ of negative gearing will evaporate without any politician upsetting anyone.
Once the negative gearing business model is defunct and no one is doing it, that is the time to busy a couple of parliamentary counsel to abolish or limit it.
Why pick a fight about negative gearing when you don’t need to.
The are plenty of better ways of skinning the housing market failure cat.
NG is a dead issue. As the 5.3 million boomers retire in bulk, they will not want it and vote it gone to divert funds to pensions sand health. This cohort will vote to look after themselves as they have in the past.
NG is a dead issue. As the 5.3 million boomers retire in bulk, they will not want it and vote it gone to divert funds to pensions sand health. This cohort will vote to look after themselves as they have in the past.
I don't agree. Boomers will die in dribs and drabs and immigration will fill the gap to provide taxes and overall they are well and truly of the mind that negative gearing is a good thing due to decades of media spruiking and withholding of information.
The powers that be won't want any housing falls and won't mention it.
Negative gearing will never go in our life times.
stinkbug omosessuale Frank Castle is a liar and a criminal. He will often deliberately take people out of context and use straw man arguments. Frank finally and unintentionally gives it up and admits he got where he is, primarily via dumb luck! See here Property will be 50-70% off by 2016.
I don't agree. Boomers will die in dribs and drabs and immigration will fill the gap to provide taxes and overall they are well and truly of the mind that negative gearing is a good thing due to decades of media spruiking and withholding of information.
The powers that be won't want any housing falls and won't mention it.
Negative gearing will never go in our life times.
I think you're right, Moopsy. The trouble with NG is that people look at it in isolation and don't consider the other effects. CGT, for example, had only been around (and in a different form) when NG for property was excluded in the late 80's, whereas now CG brings in over $10B per year from individual residential property investors alone (not including other types of investors, other types of property and other types of assets).
It's a messy issue with lots of economic dominoes to topple, and it will be a brave government that takes it on.
NG is a dead issue. As the 5.3 million boomers retire in bulk, they will not want it and vote it gone to divert funds to pensions sand health. This cohort will vote to look after themselves as they have in the past.
Pauk, do you believe NGing inflates property prices? If no, then you're swimming up hill.
Boomers who hold property(even just a PPOR) will want NG to remain, not for the tax advantages, but for fear that abolishing it will see the value of their properties drop (or not increase as much).
I think you're right, Moopsy. The trouble with NG is that people look at it in isolation and don't consider the other effects. CGT, for example, had only been around (and in a different form) when NG for property was excluded in the late 80's, whereas now CG brings in over $10B per year from individual residential property investors alone (not including other types of investors, other types of property and other types of assets).
It's a messy issue with lots of economic dominoes to topple, and it will be a brave government that takes it on.
Yes and while I think if NG were taken away today, it would crash property, albeit temporarily, because they could just turn the immigration tap on full ball, even harder than it is now, and that would simply reinflate house prices.
There's so many morons out there that think immigration isn't a very strong part of the issue.
stinkbug omosessuale Frank Castle is a liar and a criminal. He will often deliberately take people out of context and use straw man arguments. Frank finally and unintentionally gives it up and admits he got where he is, primarily via dumb luck! See here Property will be 50-70% off by 2016.
Pauk, do you believe NGing inflates property prices? If no, then you're swimming up hill.
Boomers who hold property(even just a PPOR) will want NG to remain, not for the tax advantages, but for fear that abolishing it will see the value of their properties drop (or not increase as much).
Zaph 1. NG has inflated prices. 2. Boomers understand that if their price drops that so does everyones. Zero effect for a common thinker.
NG is a dead issue. As the 5.3 million boomers retire in bulk, they will not want it and vote it gone to divert funds to pensions sand health. This cohort will vote to look after themselves as they have in the past.
yes, those boomers - all born at the same time and all will retire at the same time.
boomers are like Y2K pauk, only spastics like you make a big deal about it and once it's passed everyone wonders what you were on.
I am the love child of Tony Abbott and Pauline Hanson
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