The treasurer, Jim Chalmers, confirmed that changes were being examined in the lead-up to the May federal budget after reports his department was modelling rules that would limit negative gearing to two investment properties.
That’s one too many imo but still even this would be good to see
Anything is better than the current environment, I’d honestly like to just see us get something on the books to try and control property speculation.
We can always continue to improve and fine-tune as we go - shouldn’t let perfect be the enemy of good
Classic Labor. “Here’s a good idea, we’re gonna do something half as good!”
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negative gearing should only apply to new builds AND be constrained to expense against the buildings income itself.
And there should be a limit on the number of houses you can do it for. In your entire life.
