Voters younger than their mid-40s are consistently telling pollsters they believe the system is stacked against them. They have made it crystal clear they are hungry for change.
I think it makes sense to limit negative gearing. But it would be a tough sell to remove it entirely. They could limit it to a max amount per year. Maybe 20k per year.
The proposal is to limit it to one property. So small-time investors still get the full benefit of it, while larger ones (1% of investors have 25% of negatively geared properties is what they said on Insiders, I think) get cut drastically.
I think it makes sense to limit negative gearing. But it would be a tough sell to remove it entirely. They could limit it to a max amount per year. Maybe 20k per year.
The proposal is to limit it to one property. So small-time investors still get the full benefit of it, while larger ones (1% of investors have 25% of negatively geared properties is what they said on Insiders, I think) get cut drastically.