Probably not worth giving away your campaign secrets to early . Don't want to give the opposition the opportunity to counter them .
The current Labor policy lacks detail . They have no idea how their changes will really affect the market . They claim that investors will shift from buying existing houses to building new ones . Which houses will they be ?
Will that mean those investors will buy apartments which are already facing an oversupply ? They are the only properties close in where people want to live .
Does that mean than investors will build new houses in outer suburbs where already no-one wants to live because there are no services and long work travel times ? Sounds like the governmet will have to stump up to fund extra infrastructure for those outlying areas . Where will that money come from ?
Labor haven't made clear statements at all .
http://www.alp.org.au/negativegearing
I notice that they still allow negative gearing on shares . So they want to take the speculators out of the property market but they want to leave them in the stock market ?
That's a rubbish policy imo .
