Labor sticks to negative gearing policy amid falling market

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By Leith van Onselen

Labor will push ahead with proposed negative gearing reforms if it wins the next federal election, despite growing expectations that house prices will fall in 2018 and 2019. From The AFR:

Labor has shrugged off suggestions from the property industry that its planned changes to negative gearing rules should be scrapped because of market conditions…

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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.