Search results

  1. Peter_Tersteeg

    Media - Neg Gearing limit to New IPs

    I hadn't considered the PPOR buyers moving to established markets, but realistically a $300k - $400k house and land outer suburb buyer isn't about to switch to a middle ring area $600k+ property on this basis. Keep in mind the government encourages construction because they get to collect a...
  2. Peter_Tersteeg

    Media - Neg Gearing limit to New IPs

    We've also got to ask how much impact the removal of NG will actually be... About 70% of Australians are owner occupiers. There won't be a financial impact on them or their homes. They won't sell because negative gearing is gone, they won't try to help improve housing affordability. Of...
  3. Peter_Tersteeg

    Media - Neg Gearing limit to New IPs

    Negative gearing for new properties but excluding old properties will create a two tier market. Many investors will flock to new housing stock driving prices up unrealistically for those properties, but their resale value would be lower and people would be in a negative equity situation from...
  4. Peter_Tersteeg

    Media - Neg Gearing limit to New IPs

    Removing negative gearing for property but leaving it available to every other asset class and keeping it for new housing only would likely destabilize the property market. It would be a disaster. Removing it for all asset classes, only being able to write off losses when that asset makes a...
Back
Top