Shane Oliver: Labor’s negative gearing policy will boost supply

Advertisement

By Leith van Onselen

While the property lobby and the Coalition continue to argue that Labor’s negative gearing policy will magically push up rents, AMP Capital’s chief economist, Shane Oliver, has argued the opposite: that Labor’s policy will lead to “investors piling into new buildings as opposed to old buildings”. From The Saturday Paper:

The impact of negative gearing on the property market has been “exaggerated”, says Shane Oliver. He adds that reforms are necessary, but restricting the policy to new buildings may distort the market.

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:
Cancel at any time through our billing provider, Stripe
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.