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rainynight65@feddit.de to Australia@aussie.zone · 2 years ago

How Albanese could tweak negative gearing to save money and build more new homes

theconversation.com

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How Albanese could tweak negative gearing to save money and build more new homes

theconversation.com

rainynight65@feddit.de to Australia@aussie.zone · 2 years ago
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An astounding one in nine taxpayers negatively gear, costing Australia more than $2.7 billion a year. Here’s how we could get better value for that money – and supercharge investment in new housing.
  • Custoslibera@lemmy.world
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    2 years ago

    We literally just had politicians vote against their own self interest by reducing stage 3 tax cuts.

    It’s possible they will do the same for negative gearing.

    • No1@aussie.zone
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      2 years ago

      Politicians didn’t need the tax cuts.

      They already gave themselves a 4% pay rise, their biggest increase in a decade

      • Suspiciousbrowsing@kbin.social
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        2 years ago

        Aren’t their wage increases determined by an independent group/board ?

        • No1@aussie.zone
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          2 years ago

          And the President of that is a former CEO of Australia’s largest commercial property services firm, and former National President of the Property Council of Australia.

          C’mon, you know how this works

    • Taleya@aussie.zone
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      2 years ago

      Ayup. Get them scared enough and self preservation will override the greed

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