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After spending years denying that Australian housing was expensive or that there was a housing bubble, Michael Pascoe has joined the property rent-seekers in calling for Labor to abandon its negative gearing and capital gains tax (CGT) reforms until after the market is stable. From The New Daily:
What could be worse is implementing housing policy that was developed at the peak of a passing housing price bubble. And that’s what Labor is promising to do…
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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.
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