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Labor risks housing market hit with negative gearing plan | Sky News Australia

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.AustralianLabor’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.

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RichardMarlesMP Do Labor want to drive ALL renters into Labor Super funded newly built hi-density Flats? They look pretty when new BUT will become the SLUMS of the Future. Travel The World - You Know it's True!

RichardMarlesMP If we call a tradie it generates work & provides jobs. Plumbers, electricians, repairs & maintenance, gardening ...You & Labor would Kill these Jobs you Nincompoops. If us investors Spend the Money upfront it is A Legal Expense. Many older homes have yards for kids/dogs & in city

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

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 So Labor does believe that tax breaks drive economic activity?

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