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Perfectly sound reasoning, Graemsay. The historical fact though is that around 2 out of 3 property investors in Aust have NG properties. If CG prospects going forward are poor as you say, then these PIs don't stand to make much on their investment at all. Indeed, you could even say they...

Good question! I haven't read the Henry Review. Will look into it though.

Hi Buzz.l.y, I can't speak for others, but agree with Dazz that any change to NG is 100% off the agenda at this upcoming election (which I'd happily give odds will take place this year rather than next, given the current government is not so much a lame as a multiple-amputee duck). It...

Well, I think the criticism of negative gearing on economic rationality grounds is sheer poppycock. Opposition to negative gearing investment property is driven by and rooted in a socio-political critique. Basically, it's part of the "eat the rich" crypto-Troskyite agenda. Finally though...

Well TF, I for one think you have to concede that Francesco makes a damned good case. To mess around with NG after investors have committed themselves and in such large sums won't be the end of civilisation, but it could well be the end many existing people's chances of ever achieving...

Wait up! Word just came through that not everyone on here is a party political hack. (Sorry for the disappointment to some of the less independent-thinking.) Discussion and debate is now welcome to continue. Thank you!

If by this you mean selective exclusion of personal services income (i.e. wages and salaries) from the game, yes, I think it would be not only utterly inequitable (as Eslake finally observes), but economically very distortive (as people will logically seek to restructure their affairs to look...

At least Saul Eslake admits that targetting negative gearing on property alone would be 'quite unfair' (which is very close to agreeing that its advocates are really just promoting state-sanctioned theft) - (Thanks for the link above to that article quoting Eslake, Graemsay. I've been...