Negative gearing causing house prices in Sydney and Melbourne to skyrocket, report says

Posted by Simon Dehne on March 7, 2016 in Latest News with No Comments


House_auctionA new report on the housing affordability crisis in Sydney and Melbourne calls for the Federal Government to urgently rethink its support of negative gearing.

The report, Sydney and Melbourne’s Housing Affordability Crisis – No End in Sight, was written by Dr Bob Birrell and David McCloskey from Monash University’s Centre for Population and Urban Research.

Key points:

Report reveals the record-high housing prices in Sydney and Melbourne would lead to social problems
Report’s author says governments have created the conditions for major concessions for investors
REIQ says changing negative gearing was not the answer as the main issue was the constraint on supply
Dr Birrell said the report highlighted the seriousness of the problem.

“These governments have abandoned the current generation to a lifetime of rental properties,” Dr Birrelll said.

Read more.

« previous post

What housing crash?

house-jenga-Auction clearance rates for the weekend suggest the property market doesn’t care much ab...

next post »

Property price growth is slowi....

Group of houses on sale PROPERTY price growth may be tipped to slow, but the industry still turns a huge profi...

Leave a Reply

No trackbacks yet.

No post with similar tags yet.

Posts in similar categories

QUICK START Compare Home Loans

I am looking to buy a ...
I need to get a loan for ...
The type of interest rate I require is ...
My timeframe to buy or refinance is ...
Compare Investment Mortgages

Interest Rates in Australia

RBA Cash Rate:

1.50%

Next RBA meeting:

6/02/2018

Last months RBA Decision

- 0.00

RBA Rate Change last 12 mths:

-0.00%


Current & Past News Updates