Real Estate Institute of Australia (REIA) has welcomed the Leader of the Opposition’s announcement that Labor will support the status quo for negative gearing and capital gains tax should they form government.
REIA President, Adrian Kelly said households and small businesses need certainty as 12 million Australians remain in lockdown.
“Many mum-and-dad investors have borne the brunt of the rental eviction moratoriums and stepped up to provide social and affordable housing through this period.
“The vast majority of property investors are everyday Australians looking to provide for their own retirements who are also instrumental in providing the rental accommodation that is needed by the 27 per cent of Australians who rent their home.
