NEGATIVE GEARING RETENTION AND SKILLS UPGRADE ON REIA’S BUDGET WATCH

May 8th,2014

The Real Estate Institute of Australia (REIA) says any change to negative gearing would impact on the supply of housing and the level of rents in an already tight rental market.
In its pre-budget submission, REIA’s analysis of the impact of the Henry Review recommendation that deductions and income associated with rental property should be discounted by 40% shows this would result in rent increases of more than 4%.