Latest article from AFR showing that when house prices is falling, ALP's negative gearing change and GST discount changes could have significant impact on house prices. This is in effect a tax on your home
By decreasing the value of everyone's home by an estimated 5-10%, if you just saved up for a 10% mortgage and just brought a home, the ALP has just taken your 10% mortgaged and left you without any equity in the home.
This is a badly through out regressive tax that hurt the poorest Australian
https://www.copyright link/real-estate/falling-housing-market-kicks-labor-negative-gearing-debate-back-into-play-20181002-h164hc
Shorten's CGT and negative gearing policy to cost all Australian $100k
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