Yeah nothing like following the failed example of the rest of western world
None with the exception of Canada even came close to weathering the GFC
Your comments are an example of the short sightedness indicated in the understanding of how the property market works.
The facts are
Remove negative gearing will shrivel up the only investment avenue currently keeping the Australian economy afloat
Removing negative gearing will reverse the +ve growth in construction to a point that shortage of stock will drive up rents
Removing Negative gearing will see unemployment rise as jobs disappear in the construction , financial services , services and material industry
Removing Negative gearing will see the number of people rely on retiring on the pension virtually reach 100%
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- Who really uses Negative Gearing
Who really uses Negative Gearing, page-8
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