Labor promises a $6.6 billion housing boom to bring down rents

Stop the supply of people.

It would save a lot more if you cut the corrupt mass migration population Ponzi.

Let me get this straight. The rental properties owners will not be able to negatively gear and get $96.00 per week less rent. In that case fewer people will buy rental properties which will create greater competition and increased rents. How do you reduce the rent by $96 a week ?

Very good idea. And the government can see first hand the greed of landlords in this current market.

Just cut immigration. You would know what I mean if you lived along Canterbury Rd Sydney. We don't want children growing up like caged birds! Hong Kong should not be our role model. Capitals too big. We need to 'force' people away from big cities - 'persuasion' not working.

So what is the incentive to sell the investment should the price drop? Be careful BS. Keating tried negative gearing changes in mid 80s. Stuffed it then back flipped.

But as a mortgage broker and with credit crunch, I know that people on low to moderate incomes can’t get home loans.

New housing means more bushland has to be bulldozed n razed to get more land blocks Syd is already spread out it takes over 2hrs end to end

Labor are good at estimating. They're no good at maths unfortunately. Or fiscal responsibility.

We have seen the economic genius of all Labor Parties from Gough onwards.......best Bill starts talking $60 Billion........$6.6 Billion LOL.

MinhKular Can't wait for Morrison to come out with today's brainf*rt over this! auspol

Free advertisement for Labor party? Not news.

Rentals are out of control ! Becoming unaffordable for many 😔

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Frydenberg's opposition to Labor housing plan ‘not based on economics’ | Sky News AustraliaThe Opposition has slammed the Treasurer’s attack on its plan to slash capital gains tax discounts by half.\n\nLabor says the plan will stop young people being squeezed out of the market, but Josh Frydenberg warns Australians will be hit with the ‘highest rates’ in the Western world.\n\nLabor Senator Doug Cameron says Mr Frydenberg's argument is 'ideological and political, not based on economics'. \n\nImage: News Corp Australia \n\n\n\n Please do not use the words labor and economics in one sentence. Labor and debt is suitable and labor and open borders is also acceptable I wish the Senator would support his statements with some analysis. Labor silent on embattled union boss John Setka auspol skynews
Source: SkyNewsAust - 🏆 7. / 78 Read more »