Negative gearing, the common good and the political reality

By John Warhurst
Updated April 24 2018 - 9:29pm, first published April 12 2017 - 1:39pm

The Turnbull government has doggedly defended negative gearing, the policy by which the losses on investment properties can be offset against other income, most recently through Treasurer Scott Morrison before the May federal budget. Many experts blame the policy, in part, for rising house prices, which keep many younger first-home buyers out of the property market. It lowers the taxable income of such investors and thus hurts the overall budget bottom line, too.

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