In recent months, a policy to get rid of negative gearing on existing residential property and increase capital gains tax has been all over the media.
This policy – if ever adopted – directly affects the millions of Australians who own any property, whether it’s an investment or their own home. It also affects the 18 million Australians who have a stake in property through their superannuation funds.
But as well as falling house prices, the knock-on effects will see jobs destroyed and government revenues fall, rental prices increase and may even send the Australian economy into recession.
It is important that we all understand the ramifications should this policy be implemented
It is important that we all understand the ramifications should this policy be implemented. See link https://negativegearingaffectsyou.com/