Good idea from Albo's team to reduce negative gearing to one house per taxpaying entity.
Now that appears to create an environment for lower housing prices which might be a good thing if you are cashed up (like me) and want to expand your property empire. First home buyers will cheer also.
But is Albo looking through this and taking into account the reduced investment in housing that this will create. Remember Keating tried it once before and even the 'worlds greatest treasurer' backed out of it after a few short months. As history/Keating showed us, reduced investment in housing equals higher rents.
I wonder what Treasury is modelling here and if Albo can implement this policy without causing increases to rents and/also bringing forward a long overdue housing crash. Add in failing economic conditions and we might see some interesting outcomes if he goes ahead with this.
