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Labor must stop juicing house prices and make buying a home the Australian dream – not negatively gearing one | Greg Jericho

7 months ago by vividspecter to c/australia

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The rumours of action on the capital gains tax discount and negative gearing are louder than before any budget this century. But is the PM up to the task?
mtpender 14 points 7 months ago

Unfortunately, they wont do that because too many politicians are also property investors...

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ForgottenUsername 9 points 7 months ago

Albo also doesn't have the balls to implement that level of change.

He's got three terms minimum, the perfect time to implement long term changes (without the election to election policies we've been doing).

However we've already wasted a term and a half

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MalReynolds 3 points 7 months ago

But GDP line must go up (even if it's not production and actively hurts us).

Anything else is political suicide. /s sort of

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galoisghost 1 point 7 months ago

That’s completely not true. Look at the register of interests, few properties, many private companies. They are obviously not property investors, just simple business people. Those private companies, of course, make their money from, you guessed it, property investment

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ms_lane 2 points 7 months ago

Vote Greens.

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baseball2020 1 point 7 months ago

It’s obvious to me that they always talk radical action and deliver just a tiny incremental change.

The cgt discount will be wound back, but I’m sure it will apply to a tiny fraction of assets under some qualifying criteria like only new sales and only on amounts under 10k (joking but you get what I mean). How are we still collectively thinking “this time they won’t back down”. Of course they will.

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