I think the government will need to start backing out of/winding back negative gearing. It has driven up property prices and is keeping younger people on the rental market for much longer because they can ill afford to save a deposit on top of paying rent. I
+ Reply to Thread
Results 11 to 20 of 272
21-02-2016 13:33 #11
21-02-2016 15:21 #12
The Following User Says Thank You to A-Squared For This Useful Post:
21-02-2016 15:28 #13
21-02-2016 15:49 #14Senior Member
- Join Date
- Mar 2014
21-02-2016 15:52 #15
Your question was answered in the article that you posted
"Eslake also dismissed claims by the property industry that rents will rise if negative gearing and the capital gains tax discount are changed. If landlords were to respond to changes in negative gearing by withdrawing from the housing market that would push down the prices of properties, making them more affordable to would-be home buyers, allowing more of them to become home-owners. In turn that would reduce demand for rental properties."
21-02-2016 15:55 #16Senior Member
- Join Date
- Mar 2015
Ok. I do not have an investment property and we have no plans to have one in the near future. I do think changes need to be made to negative gearing though - as to what I do not know. But is negative gearing really sustainable long term? Both in regards to the government and also to investors?
Should there be more of a focus on how to have an investment property/ies with positive/neutral gearing?
21-02-2016 16:03 #17
I don't know what the answer is, but something needs to be done to give young people more of a chance to enter the market.
The last sentence of the article that A-Squared posted is something that investors should be asking themselves:
"And what's more important to the army of older investors – tax breaks for themselves or more affordable housing for their young?"
The Following User Says Thank You to atomicmama For This Useful Post:
21-02-2016 16:08 #18
well that's the theory anyway. I'm sure it wouldn't be that straightforward in practice.
The Following User Says Thank You to turquoisecoast For This Useful Post:
21-02-2016 16:14 #19
The Following User Says Thank You to babyno1onboard For This Useful Post:
21-02-2016 16:19 #20
By ExcuseMyFrench in forum News & Current AffairsReplies: 13Last Post: 17-02-2016, 10:56
By ICanDream in forum Discipline & behaviourReplies: 10Last Post: 10-07-2015, 21:31
By Lex23 in forum Conception & Fertility General ChatReplies: 3Last Post: 23-06-2015, 20:18
Cots on BubhubLooking to buy a cot or bassinet? :: Cot safety checklist :: Local or online nursery ...
LATESTToilet training: when is the best time to start?Why it is OK for your child to be differentWhat is a blessing way? How is it different to a baby shower?
POPULARWhen can I start giving chores to my children?New baby nursery checklist – a guide to newborn essentialsWhat to pack for labour and hospital – a checklist
FORUMS - chatting now ...
Egg/donor code discussion - South AfricaEgg Donation
Cashless society - all for it, or disagree?General Chat
Chickenpox after being immunised?Pro-Vaccination
Pokemon go. Chat #2General Chat
IVF babies due Sep/Oct/Nov 2017pregnancy and babies through IVF
Funniest thing your kid has said to youGeneral Chat
April/May TTC group chatConception & Fertility General Chat