ALP should out-flank Coalition on negative gearing

By Leith van Onselen

In an address to the National Press Club in April, Shadow Treasurer Chris Bowen dipped his toe in the water on negative gearing noting that:

“I have said previously that it would be irresponsible to rule out going to the next election with changes to, for example, negative gearing … I have said our principle will be, one, do not disadvantage people who have made investments in good faith under current rules and, two, do not risk reducing the supply of new housing or, if possible, improve the situation with the supply of new housing.”