This morning the Labour Party’s finance spokesperson Tony Burke said on national radio that one of the reasons labour was changing the Negative Gearing policy is that First home buyers were fed up with being outbid at auction by investors – and that these First home buyers didn’t think it was fair for a government to assist someone with buying their third or fourth or even fifth “home” when the First home buyers receive no assistance. There are so many issues with this one comment that we don’t really quite now know where to start. But let’s give it a …

Investors outbid First Home Buyers at auction because of tax concessions? Read More »