From the AFR:
In the last few weeks of the federal election campaign, normally bitter rivals such as the nation’s largest, Ray White Group, LJ Hooker and McGrath Real Estate, along with regional players such as Melbourne-based Buxton have come together to press the message against negative gearing as much as they press the flesh of customers who walk through their doors.
…Through virtual and physical media – electronic mail outs, social media campaigns and old-fashioned letters – the nation’s real estate agents are making the argument to investors and owners that values will fall, and to tenants that rents will rise, if Labor’s plan to cut the established tax breaks on property purchases becomes law.
The exact cost of the battle – thought to be in the hundreds of thousands of dollars – hasn’t been disclosed, but by far the biggest value comes in the time spent by the legion of real estate-industry workers.
“For the first time we have had all the real estate groups come together and agree wholeheartedly on an issue,” said Ray White director Dan White.
Silly bastards have no idea how low their standing is. The louder they get the more folks will turn against them. The stalling in Labor’s election campaign coincided with the Coalition shift away from negative gearing fear mongering.
