negative gearing has done a hell of lot of damage to the property market I reckon
It has probably encouraged more borrowing and lead to more price inflation than low interest rates or credit not being available to investors could ever have done.
Get rid of it and smash house prices I say.
sure people investors will suffer but who cares about them
you'll end up with cheap housing and every man and his dog will be able to buy a house if they want to.
It wouldn't make much difference to people who own houses because whether or not the house is worth a $1 million or $200,000 it doesn't matter to them. A house is a house and they just live in it anyway.
