Bob Day is wrong on negative gearing

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ScreenHunter_4036 Sep. 05 09.01

By Leith van Onselen

Over the past year, I have heaped praise on Family First senator for South Australia and former HIA president, Bob Day, for continually advocating for affordable housing and lobbying for much-needed fundamental reforms to Australia’s constipated urban planning system, which has precluded affordable housing from being built in response to rising demand.

Not today. The AFR this morning features an article with Day backing the HIA’s warnings that limiting negative gearing would worsen Australia’s housing supply situation and somehow make homes less affordable:

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.