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月存档: June 2015

Removing taxation benefits for property investors would reduce demand for new homes

June 7, 2015 - Removing taxation benefits for property investors would reduce demand for new homes

The Australian Greens push to remove negative gearing would make housing affordability worse, economists say. Discouraging investment in property would reduce supply of new housing and increase rents. “There’s no doubt if an existing benefit is taken away then landlords would logically recover that by putting up rents and that would be particularly so in markets where there are tight vacancy rates,” Domain Group senior economist Andrew Wilson says. “Anything that changes the supply would only impact tenants. I think that’s working against the people that the proponents of getting rid of it are trying to help. “The issue with first home […]

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