Proposal to limit tax breaks to investors buying new properties will boost stock of new houses and improve chances of young people getting on housing ladderLabor’s reform proposal for negative gearing is well founded in fairness and economics. But like most reforms,particularly ones which remove a well-entrenched and meaningful market distortion, there are likely to be some consequences for the housing market and the economy as the reforms take effect. Related: Negative gearing: parents may gain to choose between themselves and their children Continue reading...
Source: theguardian.com