How Albanese could tweak negative gearing to save money and build more new homes

Comments

• Longmactoppedup@aussie.zone ⁨9⁩ ⁨months⁩ ago

  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.

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  • No1@aussie.zone ⁨9⁩ ⁨months⁩ ago

    Negative gearing will never be removed.

    It’s nothing to do with the voters.

    The politicians are the landlords www.sbs.com.au/news/the-feed/article/…/wb7k9xq1p

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    • Custoslibera@lemmy.world ⁨9⁩ ⁨months⁩ ago

      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.

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• Suspiciousbrowsing@kbin.social ⁨9⁩ ⁨months⁩ ago

  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

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• CraigeryTheKid@lemm.ee ⁨9⁩ ⁨months⁩ ago

  I was very confused at first, since this is how I know Albanese:

  www.albanesecandy.com

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