Labor/Greens attack property owners, page-47

YES New Zealand learned nothing of the Hawke Keating period when Labor attempted to do a similar thing in 1985

The concept of negative gearing has been around in some form for a long time. Bob Hawke abolished it in 1985, though re-introduced it in 1987 for the stated reasons of increasing the supply of housing while keeping rents down.


We can see the effect of scrapping negative gearing by watching the NZ economy and property prices/rent prices. Just over 1 year ago NZ introduced this exact policy.