Teacher’s Mutual calls for negative gearing for all

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Via Banking Day:

Drastic measures are called for by one of Australia’s largest mutual banks, in new research on the deep-rooted barriers to housing affordability, and most of all those workers in this mutual bank’s newest target market.

Taking a fresh approach to the topic, Teachers Mutual Bank commissioned analysis centred on the consequences for “key workers” – those mainly labouring in health and emergency services – given the state of play in a complicated and steadily declining housing market.

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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.