Negative gearing and capital gains tax concessions together make investing in residential property attractive, adding to demand and prices, the Howard Australian government was warned in 2004. They did nothing. Non-homeowners are paying the price. www.abc.net.au/news/2025-01... - ThreadSky

drdemography.com • 59 days ago

Negative gearing and capital gains tax concessions together make investing in residential property attractive, adding to demand and prices, the Howard Australian government was warned in 2004. They did nothing. Non-homeowners are paying the price. https://www.abc.net.au/news/2025-01-01/2004-cabinet-files-unsealed/104723072

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colinjevons.bsky.social•59 days ago

Politicians themselves do very well out of treating property as a financial investment so we're unlikely to see changes https://www.abc.net.au/news/2024-10-16/how-many-properties-do-australian-federal-politicians-own/104476596

jimmythejet.bsky.social•59 days ago

The no. 1 impact on cost of living is housing. Howard and his govt. knew that not taking action on neg. gearing and the CG discount would push up prices. They did nothing, lied to voters and won the 2004 election. Peter Dutton was a minister in that govt. Please remember this when you vote.

lebossmelbourne.bsky.social•59 days ago

Every government after is complicit in not doing anything to address it.

kunzea.bsky.social•59 days ago

and negative gearing for vehicles added to car dependency!

timrust.bsky.social•58 days ago

Of course they did nothing. It was working as designed.

badcyclist.bsky.social•57 days ago

HoWARd the worst thing to happen to Australia, we’ve never recovered 😔

convictchick.bsky.social•54 days ago

#Howard is a horrible, horrible little man.

bgml8.bsky.social•53 days ago

Bill Shorten took negative gearing into an election and MSM were relentless in attacking him, just looking after their cashed up mates to buy more houses, you only need one house to live in.

ellyfotever33.bsky.social•59 days ago

There have been quite a few governments since then, what excuse do you offer for these and the current one doing nothing as well?

eddybourke.bsky.social•59 days ago

Absolutely. Interestingly, Mark Latham spoke out, presciently, against the changes to the CGT discount in a speech to a largely empty chamber.

olthwaiteeric.bsky.social•59 days ago

He knew when he changed CGT discounts what it would do.

'Aspirationals'

A LOT of Labor voters are in full support of the Properdee Ponzi.

#auspol

glenncolgan.bsky.social•59 days ago

A do nothing government decided to do nothing.

agpat.bsky.social•59 days ago

It's a blight on politics of all persuasion to have, negative gearing incentives, capital gains tax relief & air bnb investment. These instruments are not fair, promote class distinction & has supercharged the cost of housing out of reach for a third of Australians. Housing is a human right.

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