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For years, the Housing Industry Association (HIA) has tied itself in knots lobbying against Labor’s negative gearing and capital gains tax (CGT) reforms. There are numerous examples if the HIA’s illogic, but the below tirade last October illustrates the mental gymnastics:
“Increasing the tax on housing will result in less investment in housing, fewer houses being built and inevitably a worsening of the affordability challenge…
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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.