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Australia’s chief property cheerleader, Highrise Harry Triguboff, has penned the following contradictory attack on Labor’s negative gearing policy in the Daily Telegraph [my emphasis]
The proposed policy of removing negative gearing is based on the need to reduce house values while at the same time generating more government income. It should definitely make homes cheaper if that’s what is needed, but won’t generate more money unless the market is strong.
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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.
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