Articles for Negative Gearing

One million Australians are negatively gearing, new tax figures show
3 weeks, 4 days ago

One million Australians are negatively gearing, new tax figures show

ABC  

Nearly half of all Australian landlords have negatively geared properties, according to new figures that show the highest earners are hauling in tens of billions of dollars from tax concessions and loopholes. Capital gains tax concessions will "cost" the federal budget $52 billion this year, and super tax concessions another $51 billion, according to Treasury's annual tax report. Labor vowed …

Policy Cost Billion Cgt Negative Negative Gearing Gearing
Peter Dutton’s $5 billion plan for 500,000 new homes focussed on speeding up infrastructure delays, cutting red tape
2 months, 3 weeks ago

Peter Dutton’s $5 billion plan for 500,000 new homes focussed on speeding up infrastructure delays, cutting red tape

ABC  

Opposition Leader Peter Dutton has delivered a major new housing policy, promising to spend $5 billion speeding up funding for critical housing infrastructure — like sewerage, water and power. Announcing the Coalition's new housing policy at a greenfield housing site outside of Perth on Saturday, Opposition Leader Peter Dutton has maintained the Coalition isn't considering negative gearing either. Use it …

Homes Infrastructure Coalition Changes Housing Policy Cost Fund
Data reveals small number of property investors control big chunk of Australian rentals
2 months, 3 weeks ago

Data reveals small number of property investors control big chunk of Australian rentals

ABC  

More than a decade ago, Victor Kumar ploughed an $8,000 payment from a workplace injury into a $70,000 unit. Mr Kumar said he understood investors like him were often criticised in Australia's heated public debate over housing affordability but they played an important role in increasing housing supply. "They are actually getting a much better average benefit from negative gearing …

Housing Properties Property Data Investors Number Kumar
In the negative gearing debate, wouldn't the real scandal be if changing it WASN'T examined?
3 months, 1 week ago

In the negative gearing debate, wouldn't the real scandal be if changing it WASN'T examined?

ABC  

It says a lot about our pallid expectations of the Australian public service that we are today marking a full week of excitable outrage over reports that the Department of the Treasury is entertaining thoughts about doing something. Last Wednesday, Nine's papers led with a scoop from James Massola and David Crowe that Treasury officials had been commissioned to model …

Housing Tax Changes Treasury Review Howard Rudd
More than 430,000 Australians could have owned their own home today – if not for negative gearing inaction from seven PMs
3 months, 1 week ago

More than 430,000 Australians could have owned their own home today – if not for negative gearing inaction from seven PMs

ABC  

Thirteen years ago at the tax summit called to discuss the Henry Tax Review, David Koch stopped discussion of negative gearing dead in its tracks. 13 billion reasons for change Negative gearing has become so common – in Australia, one in six taxpayers are landlords and 40 per cent of them negatively gear – that we no longer think of …

Labor Homes Tax Capital Gains Tax Cent Landlords Owned
Negative gearing, capital gains reforms unlikely to lead to major fall in property prices, but rents could rise, experts say
3 months, 1 week ago

Negative gearing, capital gains reforms unlikely to lead to major fall in property prices, but rents could rise, experts say

ABC  

House prices would fall about 2 per cent if Labor went ahead with its previous election policy to change property tax breaks, modelling from the Grattan Institute shows. Brendan Coates says changes to negative gearing and the capital gains tax discount could save the federal budget billions of dollars annually. A University of Melbourne study by academics Yunho Cho, Shuyun …

Tax Property Prices Capital Interest Rates Discount Treasury
Jim Chalmers tries to shut down shocking accusation about negative gearing leak with eight defiant words
3 months, 1 week ago

Jim Chalmers tries to shut down shocking accusation about negative gearing leak with eight defiant words

Daily Mail  

Treasurer Jim Chalmers has celebrated a second consecutive Budget surplus and dismissed a Labor insider's claims of a deliberate leak against Anthony Albanese as 'not really worth getting too worried about it'. The Treasurer's announcement comes after Cameron Milner, who was chief-of-staff to former Labor leader Bill Shorten, suggested Dr Chalmers had last week deliberately timed a review into negative …

Labor Budget Treasury Albanese Mr Albanese Treasurer Negative
48 hours of confusion on negative gearing this week has damaged Labor's brand
3 months, 2 weeks ago

48 hours of confusion on negative gearing this week has damaged Labor's brand

ABC  

Whether accidental lab leak or deliberate but decidedly cack-handed kite-flying exercise, the government's handling of its negative gearing push has damaged the Labor brand. Inside the politics surrounding Labor's hypothetical negative gearing reforms Photo shows Anthony Albanese looks slightly cross while giving a press conference. Until Labor clears up whether it will or won't take negative gearing and capital gains …

Labor Policy Reform Treasury Albanese Treasurer Negative
Treasurer Jim Chalmers concedes he asked Treasury for negative gearing modelling
3 months, 2 weeks ago

Treasurer Jim Chalmers concedes he asked Treasury for negative gearing modelling

ABC  

Jim Chalmers has conceded he tasked Treasury officials to look at options to scale back negative gearing, saying it was not "unusual" and again leaving the door open to revisiting the reforms. It came a day after Mr Albanese raised doubts about the merits of reforms to the tax breaks, citing work by the Property Council showing less generous tax …

Housing Tax Negative Negative Gearing Gearing
Nat Barr confronts Anthony Albanese on live TV with a harsh reality check
3 months, 2 weeks ago

Nat Barr confronts Anthony Albanese on live TV with a harsh reality check

Daily Mail  

Prime Minister Anthony Albanese has squirmed his way through an uncomfortable interview where he was told traditional Labor voters are losing faith in his government. Prime Minster Anthony Albanese had to endure an uncomfortable interview with Nat Barr on Thursday Mr Albanese kept listing his government's actions while saying inflation had been trending down 'even though it hasn't been smooth'. …

Labor Tax Inflation Bank Spending Barr Albanese
Anthony Albanese is called out for his OWN $2.2million investment property act - even as he considers major change to negative gearing
3 months, 2 weeks ago

Anthony Albanese is called out for his OWN $2.2million investment property act - even as he considers major change to negative gearing

Daily Mail  

Anthony Albanese has been blasted by the Coalition for potentially considering axing negative gearing for property investors, even as his own $2.2million investment property goes on the market. Negative gearing policies allow property investors to claim tax deductions when the costs of owning and maintaining the property, such as loan interest and maintenance expenses, exceeds the rental income. Anthony Albanese …

Labor Change Tax Property Changes Treasury Public
We're talking about negative gearing again, but why is it such a big deal?
3 months, 2 weeks ago

We're talking about negative gearing again, but why is it such a big deal?

ABC  

Negative gearing – the policy that just won't quit – is back. But about half of the financial benefit from negative gearing, and most of the financial benefit from the capital gains tax discount, go to the top 10 per cent of income earners, including a small cohort with large property portfolios. There have long been calls to overhaul negative …

Labor Housing Tax Property Capital Discount Treasury
House prices continue to rise as number of landlords increase
9 months, 1 week ago

House prices continue to rise as number of landlords increase

ABC  

While buying a home to live in remains out of reach for many Australians, investors are flooding back into the housing market. "Despite very high interest rates and a cost of living crisis, we've been seeing housing values rising ever since, albeit at a slower rate of growth," Mr Lawless said. The unfortunate reality was that it was "damn near …

Housing Tax Prices Interest Rates Property Market Young People Investors
What is negative gearing, how does it work and does it increase house prices?
9 months, 1 week ago

What is negative gearing, how does it work and does it increase house prices?

ABC  

There's been a lot of talk in recent years about how difficult it is for young people to buy a home in Australia, but with everything getting more expensive lately, the conversation has been intensifying. And the discussions usually include terms such as "negative gearing" and "capital gains tax concessions". Janda explains the major benefit comes from combining negative gearing …

Tax Property Capital Gains Tax Pay Income Capital Investors
Will another housing price boom spark a negative gearing policy U-turn?
10 months, 3 weeks ago

Will another housing price boom spark a negative gearing policy U-turn?

ABC  

There's an uncomfortable reality most of our political leaders are unwilling to confront. The worst ideas, such as allowing first home buyers to tap into their superannuation, would only add to demand and deliver windfall gains to sellers while denuding younger generations of a retirement income. Not surprisingly, since January last year, Australian property prices have been on a tear, …

Housing Tax Interest Price Treasury Investors Demand
Australia's tax system is worse than it was 15 years ago, and young people are paying the price, Ken Henry says
10 months, 3 weeks ago

Australia's tax system is worse than it was 15 years ago, and young people are paying the price, Ken Henry says

ABC  

Australia's tax system is in a worse position than it was 15 years ago and young people are paying the price, former Treasury secretary Ken Henry has warned. He said many of the cost-of-living pressures people are feeling today are the consequence of a lack of genuine tax reform over the last 15 years, so handing back some revenue from …

Tax Taxes Treasury Review Henry Cent Need
As a new parliamentary year gets underway, the housing crisis remains a powerful vote driver
10 months, 3 weeks ago

As a new parliamentary year gets underway, the housing crisis remains a powerful vote driver

ABC  

Political momentum has ebbed and flowed in the first fortnight of parliament for the year. Amidst the parliamentary ping-pong between Labor's hard-sell of its tax cuts and the Coalition's alarm at convicted immigrants on the loose, it's become clear all sides are keeping a close eye on another issue which could prove to be a far more powerful vote driver: …

Labor Housing Crisis Issue Parliament Buy Greens
Help to Buy looks like round two in the Labor-Greens housing wars. What's it about?
10 months, 4 weeks ago

Help to Buy looks like round two in the Labor-Greens housing wars. What's it about?

ABC  

Labor and the Greens dug their trenches on Monday in preparation for what looms as another lengthy battle in their housing war. The immediate cause is the government's shared home ownership scheme, Help To Buy, which would see the government stump up to co-purchase houses with 40,000 low-income households. The Greens say they won't support the government's "help-to-buy" housing scheme, …

Labor Housing Tax Property Capital Gains Tax Value Scheme
Greens demand negative gearing and capital gains tax phase out in 'help-to-buy' negotiations
10 months, 4 weeks ago

Greens demand negative gearing and capital gains tax phase out in 'help-to-buy' negotiations

ABC  

In short: The Greens will support the government's "help-to-buy" housing scheme in exchange for restrictions to negative gearing and capital gains concessions. The Greens will support the government's "help-to-buy" housing scheme in exchange for restrictions to negative gearing and capital gains concessions. "If we were able to secure phasing out negative gearing and capital gains tax concessions, some form of …

Support Housing Tax Capital Cent Scheme House Prices
Anthony Albanese's tax change invites a wider debate about tax reform that the government doesn't want to have
11 months, 1 week ago

Anthony Albanese's tax change invites a wider debate about tax reform that the government doesn't want to have

ABC  

Anthony Albanese might not be Labor's strongest policy innovator but as a tactician, he's as shrewd as they come. Dutton won't yet declare the opposition's stand on the government's package, trying to keep attention on Albanese's broken promise. Want to know how the federal government's planned changes to the final stage of tax cuts will affect you? Those wanting comprehensive …

Labor Change Tax Reform Income Stage Shows
ABC finance guru Alan Kohler reveals the REAL reasons for Australia's housing crisis, who's to blame and how to fix it - and his harsh truths will make your blood boil
1 year, 1 month ago

ABC finance guru Alan Kohler reveals the REAL reasons for Australia's housing crisis, who's to blame and how to fix it - and his harsh truths will make your blood boil

Daily Mail  

The ABC's finance expert Alan Kohler has blamed surging immigration and tax breaks for investor landlords for housing being so unaffordable in Australia. This occurred as John Howard's Coalition government simultaneously introduced a 50 per cent capital gains tax discount for investor landlords selling property. The ABC's finance expert Alan Kohler has blamed surging immigration and tax breaks for investor …

Labor Immigration Housing Capital House Average Cent
Class of '22
1 year, 7 months ago

Class of '22

ABC  

STAN GRANT I want to pay my respects to the Wurundjeri people, on whose lands we are meeting tonight. Well, joining our all-political panel: independent Senator for Tasmania, from the Jacqui Lambie Network, Tammy Tyrrell; infectious disease expert turned Labor Member for Higgins, Michelle Ananda-Rajah; independent senator for the ACT and former captain of the Wallabies, David Pocock; Liberal Member …

Health Social Media Labor Housing Tax Independent Hate Speech
Four ways to bring down rent and build homes faster than Labor's $10 billion housing fund
1 year, 7 months ago

Four ways to bring down rent and build homes faster than Labor's $10 billion housing fund

ABC  

Treasurer Jim Chalmers is the first in decades to declare war on what he calls the "pain of rising rents". I can think of at least four things that would do more to restrain rents than Labor's $10 billion fund — and one of them would do it a lot quicker. Greens and Coalition unite to block Housing Australia Future …

Labor Homes Housing Future Budget Number Canberra
Can Labor solve the housing affordability crisis while lucrative property tax breaks exist?
1 year, 8 months ago

Can Labor solve the housing affordability crisis while lucrative property tax breaks exist?

ABC  

Norma Wannell never imagined she would be homeless. RBA says first home buyer and building grants pushed up house prices Photo shows An aerial shot of the inner-city Perth suburb of Mount Hawthorn Government subsidies such as first home buyer grants and HomeBuilder have boosted demand for homes and helped push up house prices, with "pervasive" impacts on housing outcomes …

Social Housing Tax Supply Property Social Housing Budget