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    Quote Originally Posted by Freyamum View Post
    Labor aren't just suggesting changes to NG to save money. The idea is that a lot of people feel that NG has contributed to the current housing affordability crisis. Contributed to, not caused.
    But getting rid of it wont 'fix' anything they know this, they're just vote grabbing. Saying 'we are in your side' vote for us and we'll penalise those greedy rich people!

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  3. #162
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    Quote Originally Posted by A-Squared View Post
    But getting rid of it wont 'fix' anything they know this, they're just vote grabbing. Saying 'we are in your side' vote for us and we'll penalise those greedy rich people!
    But the labor party's policy isn't to get rid of it.

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    I think the FHOG was a good idea. I think increasing it to something like $10K plus 5% of the purchase price of a property would be great for first home buyers.

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    Quote Originally Posted by A-Squared View Post
    But getting rid of it wont 'fix' anything they know this, they're just vote grabbing. Saying 'we are in your side' vote for us and we'll penalise those greedy rich people!
    I think the Grattan institute research expects growth would slow by 2% per annum. At least that's the figure scott Morrison quoted while defending NG because he says Australia couldn't take 2% slower growth. That's not even predicting a fall in house prices so I would agree labors plans to only allow NG for new properties wouldn't fix things but at least it'd be doing something towards levelling the playing field. And the changes to cgt should affect higher income earners more than middle income mum and dad investors. At this point I'd vote labor. I want my kids to have an opportunity to be home owners one day


 

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