The new proposal to phase out tax breaks on more than one investment property would affect around 1% of Australians.
Articles on negative gearing reform
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Limiting or scrapping negative gearing and the capital gains tax discount would help take the heat out of the market and give the government much more money to invest in social housing.
Failing to address skyrocketing housing prices risks the future of young Australians and the financial system.
Housing policy is a stark point of difference at this election. While the government took promising steps to set up social housing finance, it has yet to give any sign it will finish what it started.
The best time to shut down negative gearing is when few people are taking it up. That time is now.
New modelling shows negative gearing and capital gains taxes can be reformed in a way that doesn’t impact poorer investors.
Top contributors
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Scientia Professor of Economics, UNSW
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Director, Bankwest Curtin Economics Centre (BCEC) and John Curtin Distinguished Professor at Curtin Business School, Curtin University
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Associate Professor, Monash University
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Adjunct Professor, Curtin Law School and Curtin Business School, Curtin University
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John Curtin Distinguished Professor, Curtin University
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Emeritus Professor of Housing, UNSW
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Professor, City Futures Research Centre, Faculty of the Built Environment, UNSW
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Alan Morris is a Friend of The Conversation.
Professor, Institute for Public Policy and Governance, University of Technology Sydney
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Post-Doctoral Research Associate, University of Sydney