Housing crisis hangs in the headlines
The debate around negative gearing and capital gains tax is ramping up again as the Greens will only support Labor’s housing bill if the two tax discounts are diminished.
Unsurprisingly, Master Building Association WA CEO Matthew Pollock told Oliver Peterson that we need to keep policies aimed at protecting investors the market.
“The last thing we that we need right now is to reduce the incentives for investors to provide stock to the market,” Mr Pollock said.
“Increasing the amount of tax that investors would pay into housing would potentially reduce that supply further,”
“Could actually reduce supply and make the crisis worse.”