Unlikely, Pwinne, but as I mentioned before, government taxes from property can only go higher if they can cause a large increase in volumes.
Get rid of negative gearing, bankrupt the ponzi scheme and generate many more than 25 billion in stamp duty from the turnover of previously negatively geared properties that cannot be sustained in a price adjustment closer to longer term averages. Then the next wave of property investors who pick the prices off the bottom will generate even more stamp duty. At current volumes, the governments are going to be looking a ways of increasing volumes, and with prices earning the reputation of being the most expensive in the world with interest rates likely to keep rising, I don't think any volume increase is going to happen with increasing prices.
Maybe allow new properties to be negatively geared for 5 years and not if ownership changes, to do what it was meant to do in the first place, encourage the building of new homes, not generate a bubble.
Or it could be scrapped altogether, and other incentives that are more useful could be introduced, ones that are relevant to today's market, and not so voter sensitive.
Quite possibly negative gearing will get rid of itself, as faced with an extended period of zero capital growth, investors will be dead before the investment is of any use.
