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Why negative gearing changes are ‘dead for a generation’

By Cameron Micallef · May 28 2019
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Invest

Why negative gearing changes are ‘dead for a generation’

By Cameron Micallef
May 28 2019
Reading:
egg
egg
egg
Top view shot of property

Why negative gearing changes are ‘dead for a generation’

author image
By Cameron Micallef · May 28 2019
Reading:
egg
egg
egg
Top view shot of property

The Coalition’s stunning election victory has property experts predicting that any major changes to property tax concessions will be off the cards for years.

Plans to limit negative gearing to new properties from 2020 was one of the core tax changes on the Labor Party’s agenda in the lead up to the federal election.

The Labor Party’s aggressive plans for property, which also included halving the CGT discount from 2020, are widely tipped as a core reason leader Bill Shorten and his party fell well short of expectations.

In particular, there were strong swings in Queensland against Labor, with three out of four voters supporting the conservative economic agenda of the Coalition.

For these reasons and more, property experts like Paul Glossop, founder and director of Pure Property Investment, believe it’s unlikely we’ll see changes to negative gearing in this generation.  

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“It comes back to sentiment,” he said in a live webcast with sister title Smart Property Investment.

“Ultimately, people want to buy and invest with confidence. Not just over the next three years… the next five to 10 years and beyond,” he said.

Why negative gearing changes are ‘dead for a generation’
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About the author

Cameron is a journalist for Momentum Media's nestegg and Smart Property Investment. He enjoys giving Aussies practical financial tips and tricks to help grow their wealth and achieve financial independence. As a self-confessed finance nerd, Cameron enjoys chatting with industry experts and commentators to leverage their insights to grow your portfolio.

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About the author

Cameron is a journalist for Momentum Media's nestegg and Smart Property Investment. He enjoys giving Aussies practical financial tips and tricks to help grow their wealth and achieve financial independence. As a self-confessed finance nerd, Cameron enjoys chatting with industry experts and commentators to leverage their insights to grow your portfolio.

Join The Nest Egg community

We Translate Complicated Financial Jargon Into Easy-To-Understand Information For Australians

Your email address will be shared with nestegg and subject to our Privacy Policy

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