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Why negative gearing changes are ‘dead for a generation’

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.

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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.  

“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’
Top view shot of property
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Anonymous - It is not a bias to get a refund of over-withheld taxes. For once, Australia has a better tax system in this respect than most of the rest of the world.....
Anonymous - This is all identity politics rubbish. Inasmuch as most families are dual income earners and as most women are not in high paying jobs for a variety.......
Margaret - Happy that I won't be around in 2060....
Anonymous - This "analysis" is misconceived and should get a fail in statistics. Men pay more tax because they work more. So they should get more relief. And,.......