Is Australia about to end negative gearing?

Author: Eamonn Sheridan | Category: News

Here’s an interesting item (for Aussies): Report: Negative gearing is on the chopping block

SBS says the government is considering:

  • grandfathering of arrangements for existing investors
  • but limiting future access to negative gearing so only new properties will be eligible

According to the Grattan Institute:

  • quarantining negative gearing losses would save the Budget around $4 billion per year initially, falling to a saving of around $2 billion per year over the longer-term
  • It would also remove some speculative demand from the housing market


Reserve Bank of Australia (RBA) data clearly shows that the overwhelming majority of investors – almost 95% – buy pre-existing dwellings, not newly built dwellings, and that the proportion of investors buying new dwellings has fallen spectacularly since negative gearing was re-introduced in September 1987

Full article at the link

By continuing to browse our site you agree to our use of cookies, revised Privacy Notice and Terms of Service. More information about cookiesClose