Sydney housing: Negative gearing looms as major headache for Gladys Berejiklian
ABCIt took just three hours on Wednesday morning for freshly minted New South Wales Premier Gladys Berejiklian's housing headache to become a full-blown migraine. Negative gearing is a tax break incentive for property investors It is a Federal Government issue, but State Governments often join the debate Some argue it hurts first-home buyers, who plan to be owner-occupiers The policy reform many argue would help ease Sydney's affordability crisis — negative gearing — was the reason behind her pains. About 7:30am, Ms Berejiklian told the ABC's Radio National she was reluctant to lobby the Federal Government on negative gearing because it was not to blame for the Harbour City's eye-watering house prices. In November, NSW Planning Minister Rob Stokes broke ranks with his Federal Liberal Party colleagues to complain that negative gearing should be changed to help make housing in Sydney more affordable.
History of this topic
More than 430,000 Australians could have owned their own home today – if not for negative gearing inaction from seven PMs
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Negative gearing changes 'could tip Australia into recession', warns John Symond
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NSW Planning Minister argues against negative gearing, wants focus on housing affordability crisis
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Election 2016: Government maintains negative gearing stance despite Treasury documents
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Regional voters have their say on negative gearing
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Who uses negative gearing in Australia? Search the full list by occupation
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Negative gearing: Tax deduction's removal 'would boost Commonwealth revenue by $5b annually'
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Negative gearing causing house prices in Sydney and Melbourne to skyrocket, report says
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Negative gearing changes good for economy if home prices fall: David Murray
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