Negative Gearing Not Broken, No Need to Fix

March 24th,2014

The Real Estate Institute of Australia President, Mr Peter Bushby, says the Government should retain negative gearing for property investment in its current form.

“Recent chatter suggesting there are changes in the wind is extremely concerning and would negatively impact on the supply of housing and the level of rents in an already tight rental market,” says Mr Bushby, speaking in the lead up to next week’s Federal Budget.