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Negative Gearing And Its Impact
Australia’s real estate market prices have been on a regular rise and the removal of negative marketing has proven to become a huge hurdle for home buyers, especially the first- timers. Furthermore, the proposal for Negative Gearing, by the Australian opposition party, for cutting generous tax breaks for retail property investors is not making housing any cheaper. Australia’s pricey property market has been the hot topic of debate lately after Bill Shorten from Australia’s Labor Party’s proposed structural reforms to make housing more affordable. However, the opinion is that Shorten’s proposal would not have much impact on reducing Australia’s sky-high…
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