Housing market will crash if Labor wins election: Morrison | Sky News Australia

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.JoshFrydenberg: there are negative implications to Labor's new 'property tax.' MORE: sharrimarkson

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BGottliebsen With great excitement I saw the new PM taking the role from the most destructive political figure in recent history of the Western world. However, Scott Morrison is failing the pub test big time, Denouncing 'it is OK to be white' and sending the enemy of Ausies to represent AUS

BGottliebsen So it is OK for the Big Banks to steal money from the sick, the dying and the dead (and the widows of the dead) since any justice for the victims would cause a fall in house prices? BGottliebsen go and F**K yourself BanksRC

BGottliebsen Yes let’s let them back off the leash...that won’t affect any consumers...

BGottliebsen In other words, we're going to go back to where we should really be, rather than this inflated illusion ran by criminals. Don't be afraid of reality.

BGottliebsen Halloween is early on

BGottliebsen what a load of B.S ,house prices will fall as theyre over inflated already and interst rates will go up ,house prices will fall ! Remember the 1980s ,and countries are in so much debt ,theyve allowed people to borrow above their limits

BGottliebsen God forbid housing becomes in anyway affordable for those of us who weren't lucky enough to ride the bubble.

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Labor dismisses concerns negative gearing policy will collapse housing market | Sky News AustraliaLabor is dismissing concerns by the government that reining in the tax concession could lead to a collapse in the housing market.\n\nFairfax reports the Opposition has seized on data compiled by the Parliamentary Library which found just one in 10 properties purchased over the past year were for tax loss purposes. Bowenchris 2007-13 Remember the Labor Govt National Rental Affordability Scheme, Labor promised 35,000 new homes. 2007-13, only 19,000 of the 35,000 dwellings had been built Trust Labor with Housing, No thanks Bowenchris 1. Revert to pre 1985 CGT now ... ex timing as markets are receding. 2. Leave neg gearing alone Remember Keatings fiasco? AUSPOL Bowenchris What a fkn moron ..cashed up investors are already rubbing their hands together waiting for the housing market collapse, 1st home buyers won't stand a chance
Source: SkyNewsAust - 🏆 7. / 78 Read more »

Labor risks housing market hit with negative gearing plan | Sky News AustraliaLabor’s $32 billion plan to end negative gearing and slash the capital gains discount could result in fewer homes being built across the country and to fewer jobs in the market, according to a new report. \n\nThe Australian reports modelling of the opposition’s key property policies forecasts a $12 billion downturn in construction activity in the first five years of the policy implementation. \n\nThe downturn would result in a fall in new housing construction of up to 42,000 dwellings, and 32,000 fewer jobs across the country. \n\nImage: Gary Ramage \u002F News Corp Australia\n\n RichardMarlesMP So Labor does believe that tax breaks drive economic activity? RichardMarlesMP New builds receive negative gearing (like any other investment) but they also get depreciation... soooo this argument about taking it off existing properties is stupid. RichardMarlesMP Am self funded retiree have one negative gearing I am a retired RN who was wise enough to join Super before it was compulsory & salary sacrifice I have a small amount of shares for franking dividend. Obviously AustralianLabor want more on pensions LiberalAus Barnaby_Joyce
Source: SkyNewsAust - 🏆 7. / 78 Read more »