As things stand specufestors are going to lose negative gearing in 2019. Labor is miles ahead in the polls and the Coalition dead as the Dodo so long as One Nation steals 20% of its primary vote.
As I argued yesterday, the only way the Coalition can get back in the running for the election is to follow the UK Tories and slash immigration by two-thirds which would wedge Labor, Greens and One Nation voters nicely.
This raises a rather sticky question for Australia’s army of loss-making landlords. Would they rather lose the negative gearing prop or the immigration prop to house prices?
