Removing NG from investment in existing housing stock is sound thinking, such investment does nothing to increase existing housing stock. Unfortunately in a climate of falling prices it may exacerbate the falls, ALP is unlucky with the timing. If it were done 3 years ago the housing market would have shrugged it off easily and kept on rising. Now it's like the last straw.
Removing NG from investment in existing housing stock is sound...
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