Opposition Treasury spokesman Chris Bowen has been caught using inaccurate figures to promote Labor’s negative gearing policy, after the Australian Bureau of Statistics denied claims it produced data showing only 7 per cent of property investors bought new homes.
“All it does is increase demand and the price of the existing homes, allowing investors to use tax subsidies to outbid owner-occupiers and first-home buyers.” “There is nothing about lending for newly constructed dwellings. That is included in other statistics, but you can’t break it out.” “The PBO consulted with the ABS, the RBA and major banks in order to estimate the proportion of investor lending for the purpose of existing housing.
Grattan Institute director Danielle Wood said the independent think tank had estimated more investors bought new properties than Labor was claiming.
Why am i not surprised ?
Makes shit up every day. Ask him next time when we go to electric cars how are they making up budget black hole of fuel excise tax
It's the similar to the numbers used by LNP in their fear mongering. So if the amount of affected investors is overblown, then so is the fear campaign.
The PBO stands by their costings. So essentially, you're insulting the PBO for a fake headline.
go figure whoever would of thought that idiot could even come up with any figures even if they are wrong!
If he was the Chief Financial Officer of a major public company he would be sacked.....but he wouldn't have even got to that position in the real world
Bowen’s policy is hangover knee jerk from the Sydney house price surge which is 4 years old now. Prices are going down while NG is in place. NG doesnt force prices up. Bowen’s plan is just a tax grab as per usual for labor.
Labour’s NG policy only benefits his developer mates. NG was a policy introduced by Labour in the 80’s when interest rates were 21%... anyone with half a brain would know NG for est. homes when interest rates arelow & rent return is high NG is not overly advantageous! however...
Why would we believe anything The Australian says about opposition members?
Demonstrates why AustralianLabor in most cases is talking big picture stuff and not the detail. Because they know that when they start to explain it their arguments fall apart billshortenmp ScottMorrisonMP smh theage theprojecttv LiberalAus PaulMurrayWA pm_live
Labor is full of lawyers and unionists that couldn't run a chook raffle let alone Australia
Poor data makes poor policy makes poor outcomes.
billshortenmp & Bowenchris knew that high business tax was bad for Australia until they figured that telling lies would get more votes. Now it's 'we've seen the light' . Not sure about Bowen, but I think Shorten makes Latham look an honest and decent man. Billy Liar.
Sadly, labour supporters ignore these errors, careless use of money, the hallmark of Labour......and really, are electric cars practical in Australia. A big country when a 7 hour flight from Melbourne to Singapore, sees the first 4 hours...still in Australia !!
Look Labor is wong, wong, wong. 🐒
The Australian newspaper has been caught using inaccurate reports to scare people suffering illness.
He’s basically totally dishonest,and a spiv.
What a surprise; another anti AustralianLabor article from the media arm of the LiberalAus re-election campaign. Funny how the Libs are immune from any negative coverage in this partisan rag
Those sort of figures are the only ones he uses. Doesn't believe in any other type.
Am I reading this right? Bowen got the numbers from the PBO?
John Hewson advised him !
DarrynLyons He must have got them from you guys then, it is a Murdoch specialty.
oh, it's the liberal newspaper, sprouting untruths AGAIN!
Don’t let the truth get in the way of a good headline...
FakeNews. Already debunked by Macrobusiness many many times.
What a paddler 🙄🤦🏽♀️
Not again
Did your economist help him out? That'd make sense.
news_australian Of course. His arguments regarding FrankingCredits only affecting the wealthy doesn't stack up either. According to Treasury data 600,000 low income shareholders will be hit. Still, he does know that. auspol retireetax
deb2829 Ask the ABC Fact Check to look over the statement
Again grasping at straws. This shit rag is the font of everything truthful that's written in a NewsCorp paper.😂😂😂
Lightni12092685 No way!😜
No surprise there then!!
news_australian
This subsidy is a dead duck.
Whos been telling porkies
To vote for these idiots would be negative.
What a surprise? When did you think this grub wasn't a liar?
Have you guys at the Australian listened to the amount of inaccuracies that come out of Josh Frydenberg's mouth? And he's actually in government.
Silly buggers, lying doesn’t pay off.
Isn't the correct term for Chris Bowen 'Shadow Treasurer'? not 'Opposition Treasury spokesman'? He quite literally makes the policies, he doesn't just get up on a podium and talk about them.
Property Property Latest News, Property Property Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: newscomauHQ - 🏆 9. / 77 Read more »