I find that low figure hard to believe . There is no question that property investors have forced how prices up significantly
And 10% of the housing market isn’t significant?
And that Domain is owned by Fairfax and flogged within SMH has no influence on the views expressed... selfinterest mediamonopolies
Most people jumping on the negative gearing bandwagon are in the lowest tax bracket and get the least benefit from neg gearing. They are willing to give away $1 to get 30 cents back at tax time.
Neg gearing is being used as big tax rort by bankers &execs Most of them n MPs r having more than 3 props Taxpayers r subsidizing d wealthy
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