political, page-7

that PSD would have had a better shot under a Shorten Government.

The negative gearing changes were were designed to pop the housing bubble (probably a reasonable aim tbh), however side effect is that our banks would have lost a lot of money, add to that the APRA requirements for tier one and tier two capital increases and commercial lending dries up quickly. Long story short, we’re back to equity funding only. But that would have been hit by the capital gain tax increases, making index funds far more attractive on their lower risk profile. Do you fancy buying another $15k at the next capital raising?