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That is just wishful thinking re the speculation part. Does gold have access to negative gearing? does that stop speculation? Does china have the same negative gearing system? Did that stop speculation on their property "bubble"? Speculation is not so much driven up by NG but by people thinking...

I think both views to and for NG take it too complicatedly. What abolishing NG would do is it will push down prices in the short term, due to perception and mass sheep following. (may result in crash if taken too far). Then with this new change out of the way, property prices and rental...