Murdoch fake news: LNP negative gearing boom Labor’s fault

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Fake news alert. At The Australian:

The number of landlords with five or more investment properties has surged as buyers get in before a potential Labor government ­implements its negative-gearing policy from January 1.

New Australian Taxation Offic­e figures released yesterday revealed the number of landlords with five investment properties grew at nearly six times the rate of those with just one property over the 2017 financial year.

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.