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Of course, completely. It?s a tax policy that has failed miserably.

That completely sux. Gutless wonders.

None of them are negatively geared so it's not an issue. Even people who have margin loans are usually pretty conservative with LVRs under 50% and would not be negatively geared. The vast majority of people negatively geared are investing/speculating in property.

When negative gearing is scrapped you'll still be able to claim all the deductions you do now, just won't be able to deduct it from other income So if you're making money from property income there will be no change. Only the speculators making a loss will have their cash flow affected but...

Excellent summary, I agree totally. The elimination of negative gearing will be good for investors, first home buyers, and the country as a whole. The only losers will be highly leveraged speculators.

Exactly, it's not about supply and demand at all. The simple question "who did the investor sell to?" kills that argument stone dead. NG could be available in some form for new builds but for the 95% of investors who buy existing property it's going to have to go.

No this never happened, just a myth, pushed by vested interests ever since. Without the competition of negatively geared speculators tens of thousands more people could buy their own home. In the long run welfare costs would go down, more people would own their own home and yes there would...

Not correct since there are fewer renters also, they bought the properties sold. So the supply demand is not affected and rents are unaffected as well.

Hopefully it's true, negative gearing on existing properties is doing a lot of damage. The government that scales it back has my vote for life. http://www.sbs.com.au/news/article/2014/04/03/australian-house-prices-taking-fresh-look-negative-gearing