Fencing the Ocean: Australia’s Social Media Safety Bill

The Australian government is being run ragged in various quarters. When ragged,…

HECS Debt Forgiveness: Path to Free Education

By Denis Hay Description Explore why HECS debt forgiveness and reinstating free public education…

Implementation will be key to success of Aged…

Palliative Care Australia Media Release This week’s bipartisan support for the Aged Care…

Trump, AUKUS and Australia’s Dim Servitors

There is something enormously satisfying about seeing those in the war racket…

Expert alert: Misinformation bill before Australian Senate…

La Trobe University Media Release The Australian Senate is set to consider the…

Political Futures: Will Conservative Global Middle Powers Go…

By Denis Bright National elections in Germany and Australia in 2025 will test…

Does the Treasurer have a god complex or…

By Dale Webster THE Senate inquiry into regional bank closures, which delivered its…

Educating Australian Voters for True Democracy

By Denis Hay Description Explore how educating Australian voters can reform the two-party system…

«
»
Facebook

RMIT expert responds to PM’s negative gearing comments

RMIT Media Release

Debate around negative gearing reform and capital gains tax has heated up in the past few days.

This morning, Prime Minister Anthony Albanese told the ABC he’s ruled out taking negative gearing reforms to election.

RMIT’s Dr Liam Davies, an expert in social and affordable housing, can respond to the PM’s comments.

Last week, Davies co-authored a report calling for negative gearing to only be available to investors whose properties meet national standards for fair rental contracts and construction quality.

Dr Liam Davies, social and affordable housing:

“The Commonwealth foregoes about $6 billion per year in tax revenue due to negative gearing and capital gains tax discounts. Despite this large spend, there is very poor transparency of outcomes, particularly for tenants.

“The debate about negative gearing and capital gains tax has, so far, been largely binary. Some argue to remove negative gearing and capital gains tax, while others argue to retain it.

“However, there is another option: to make negative gearing and capital gains tax an opt-in system for investors whose properties meet national standards for fair rental contracts and construction quality.

“We have outlined these options in a recently released report.

“Prime Minister Albanese said he is concerned removal of these concessions would decrease housing supply. Others claim removing concessions would raise rents.

“But what Australia really needs is a supply of affordable and secure rental housing. Our solution would maintain the tax advantages for investors and housing supply, while also increasing security for tenants.”

Read more about the proposal.

Dr Liam Davies is a lecturer in RMIT’s Centre for Urban Research and an expert in social housing policy and urban planning. His research looks at state and commonwealth government policies that affect affordable housing.

 

Like what we do at The AIMN?

You’ll like it even more knowing that your donation will help us to keep up the good fight.

Chuck in a few bucks and see just how far it goes!

Your contribution to help with the running costs of this site will be gratefully accepted.

You can donate through PayPal or credit card via the button below, or donate via bank transfer: BSB: 062500; A/c no: 10495969

Donate Button

4 comments

Login here Register here
  1. Bert

    What a great idea, earn the tax credits by having homes which meet standards and rents that are fair.

  2. RomeoVharlie

    Sounds good but there would need to be an oversighting or licensing body to decide if a property met the standards for earning the NG or CGT benefits and we know how problematic they can be in terms of funding and potential for corruption.
    But I see Albanese has once again categorically ruled out any proposed changes. And once again will look a dill when he’s finally persuaded change is actually a good idea.

  3. Andrew Smith

    Cut to chase, too many oldies and boomers have benefitted from the time of Howard weaponising owner occupiers and too little investment into state level social & public housing, constrains rental supply (good for property investors & flow onto house prices)

  4. Clakka

    Good idea. Of course the Greens will say it’s their idea.

    I think Albo, consistent with ALP policy at 2022, said he wouldn’t get rid of negative gearing or CGT concessions, but he didn’t say he wouldn’t change the way they work.

    A space that I’ll be watching closely.

Leave a Reply

Your email address will not be published. Required fields are marked *

The maximum upload file size: 2 MB. You can upload: image, audio, video, document, spreadsheet, interactive, text, archive, code, other. Links to YouTube, Facebook, Twitter and other services inserted in the comment text will be automatically embedded. Drop file here

Return to home page