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Labor must stop juicing house prices and make buying a home the Australian dream – not negatively gearing one | Greg Jericho

⁨45⁩ ⁨likes⁩

Submitted ⁨⁨22⁩ ⁨hours⁩ ago⁩ by ⁨vividspecter@aussie.zone⁩ to ⁨australia@aussie.zone⁩

https://www.theguardian.com/business/grogonomics/2026/mar/11/labor-government-house-prices-capital-gains-tax-negative-gearing-budget

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  • mtpender@piefed.social ⁨19⁩ ⁨hours⁩ ago

    Unfortunately, they wont do that because too many politicians are also property investors…

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    • ForgottenUsername@lemmy.world ⁨18⁩ ⁨hours⁩ ago

      And also doesn’t have the balls to implement that level of change.

      He’s got three terms minimum, the perfect time to implement long term changes (without the election to election policies we’ve been doing).

      However we’ve already wasted a term and a half

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    • galoisghost@aussie.zone ⁨17⁩ ⁨hours⁩ ago

      That’s completely not true. Look at the register of interests, few properties, many private companies. They are obviously not property investors, just simple business people. Those private companies, of course, make their money from, you guessed it, property investment

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    • MalReynolds@slrpnk.net ⁨18⁩ ⁨hours⁩ ago

      But GDP line must go up (even if it’s not production and actively hurts us).

      Anything else is political suicide. /s sort of

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