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We’ve hit peak stupid in the negative gearing debate, with Starr Partners CEO, Douglas Driscoll, claiming Labor’s policy will magically lead to an influx of Chinese investment, thereby locking-out first home buyers. From Yahoo Finance:
Instead of boosting the volume of first-home buyers in the market, the changes could lead to a possible influx of overseas property investors, Starr Partners CEO Douglas Driscoll warns.
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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.