Key independent senators have teamed up and say the government could be giving up as much as $60 billion in tax revenue if it doesn’t make changes.
High property prices and mortgage rates have left more investors claiming negative gearing tax deductions,experts say.
Investors can claim sizeable tax concessions in some pricey suburbs,but they need deep pockets to be able to cover their mortgage repayments.
A clear majority of voters back the case for tax reform that can help young Australians buy their first homes.
Real estate agents and home building companies always claim getting rid of the tax lurk would do great damage to renters and buyers alike. Don’t believe it.
A few thousand dollars in tax deductions today will save the government hundreds of thousands of dollars in welfare down the track. What’s not to like?
The gap between what investors receive in rent and spend in mortgage repayments is widening,in some areas by more than $1600 a week.
Melbourne rents have jumped,but mortgage costs in some areas have soared by hundreds of dollars more per week.
Housing is a human right. Come on,PM and premier. Think outside the square. It’s time for nation-building by real Labor governments.
Liberal leader Peter Dutton has admitted his party’s tax plans will be hamstrung by the budget and economy,as the Greens press for negative gearing changes.
About two-thirds of federal parliamentarians own two or more properties,an analysis of the declared interests shows.