Backbencher reportedly says tax deduction has led to a housing market ‘dominated by speculative investors’Labor has seized on reported comments by the government backbench MP John Alexander that negative gearing has helped earn property unaffordable for first home buyers as evidence the tax deduction must be wound back.
According to an ABC report before his appearance on Four Corners on Monday, Alexander said negative gearing had led to a housing market dominated by speculative investors”.
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Source: theguardian.com