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To a small degree yes, but most developers are in there to make a profit not a loss, however there is a case for allowing developers of new property negative gearing. But over 90% of speculators purchase existing property, outbidding first home buyers via their unfair tax advantage. Without...

It's more about buying the votes of the 1 million + negative gearers, which is the reason it was reintroduced 25 years ago (to win an election) and can't easily be scrapped, despite the huge cost. If affordable housing was a priority then NG wouldn't exist.

True, the last 15 years or so has been a great ride on the credit wave that swept the world, but now that wave is gone. The success of many property owners over this period has been largely down to luck, not so much hard work for most people. How many on here just sat back and enjoyed the ride ...

Negative gearing completely sux for Australia in many ways, it´s a government subsidy for speculators at the expense of everyone else, but no government has the guts to reform it.