negative gearing review by Govt - what is the status??

Balance is right. The market looks set to stabilise or drop soon anyway. Why would the government want to dabble now when rents are rising and new homes are not being built quick enough. Instead of removing NG from existing properties. Maybe they should look at extra tax incentives for all investors that build new.And i agree that the stimulation in existing property filters into new stock or vice versa.I feel any dabbling with NG now should be slow and only affect property bought after any new rule is brought in. The government afterall ecouraged people to invest so as to support themselves and provide housing. Its not fair to pull the rug out from under them.
 
Back
Top