Sell those loss making IP's folks. There will be no capital gains for years.
http://www.theage.com.au/national/canberra-states-probe-home-prices-20100421-t2ih.html
http://www.coag.gov.au/coag_meeting_outcomes/2010-04-19/docs/Communique_20_April_2010.pdf
http://www.theage.com.au/national/canberra-states-probe-home-prices-20100421-t2ih.html
Canberra, states probe home prices
TIM COLEBATCH
April 22, 2010
FEDERAL and state governments have commissioned a working party of officials to hold a no-stone-unturned inquiry into all factors contributing to record house prices, as Labor senses the issue is becoming a political danger.
The inquiry, to deliver its first report within weeks, will examine sensitive areas such as tax breaks for negative gearing, land banking by developers, and whether grants to first home buyers push up house prices.
.....
http://www.coag.gov.au/coag_meeting_outcomes/2010-04-19/docs/Communique_20_April_2010.pdf
HOUSING REFORM AGENDA AND TIMELINE
COAG has agreed that the Housing Supply and Affordability Reform Working Party report to COAG, via the Ministerial Council for Federal Financial Relations, on:
• the housing supply pipeline, comprising an examination of:-
− the potential to reform land aggregation, zoning and planning processes and governance, including assessing and leveraging the work of Housing and Planning Ministers and the Business Regulation and Competition Working Group (by mid-2010),.....
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