Mirvac’s negative gearing plea is nonsense

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By Leith van Onselen

Mirvac Group CEO, Susan Lloyd-Hurwitz, has thrown a wet blanket over calls to reform Australia’s negative gearing regime, claiming that any wind back of the rules would pose serious risks to the stock of rental properties available. From The Australian:

“…as a society, we would have to think long and hard about the removal of negative gearing because it has very far-reaching implications”…

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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.