Abolish negative gearing....never in our life time!There are...

Abolish negative gearing....never in our life time!

There are many simpler means of curbing real estate prices, such as limiting overseas buyers and smsf. Simples!

Where I live, units have increased by 10% in the last 6 months. Over 60% of the buyers are overseas Asian investors who have no local knowledge of the area, but are more than happy to buy these dodgy new apartments built on the cheap. I hear the same stories from other suburbs in NSW.

I'm not racist, but an observation made by all locals. Particularly at auctions when Asian investors bid over 20% of the reserve price, ending any hope first time buyers may have. Seen this many times.