Labour’s Negative Gearing Plan

Labor has promised to limit negative gearing to new dwellings in government, but those who own existing investment properties will be protected.

Many has attacked the governments new policy such as Aussie Home Loan boss John Symonds as a “hand grenade”. There are fears that such a destructive policy will smash down house prices, increase interest rates, unemployment rates and as well as make renters and first time buyers worse off.

The plan is yet to come into effect and is in discussion.

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