Via the AFR:
As Sydney and Melbourne house prices continue to fall, Mr Shorten signalled that an originally planned July 1, 2019 start date could be deferred until 2020.
He said Labor remained committed to its three-year policy of reforming negative gearing to make the system fairer for first-home buyers against investors who now receive a taxpayer “subsidy”.
“At a point after the election, before our first budget or at our first budget that [negative gearing] will change,” Mr Shorten said on Friday in response to a question from The Australian Financial Review.
Nicely misleading phraseology there. Labor mooted these two dates long ago and not in response to “as Sydney and Melbourne house prices continue to fall”. It previously said that it would install the changes mid-2019 if the election was held this year. If the election was held on the May 2019 timetable then the reform would be pushed out to mid-2020.
