What a lot of fuss over negative gearing
Following on from Malcolm Turnbull’s blog today and the Grattan Institute’s report, let’s weigh into the debate on negative gearing. So many opinion holders out there see negative gearing as a tax advantage enjoyed by the rich. They also think that this tax advantage is a real reason as to why property prices in some cities have soared and thus property becoming “un-affordable” – another great evocative word for the headlines. We assure you all that this is not the case, that these opinions ignore some fairly basic fundamentals AND show a real ignorance of how the Australian housing markets …
