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Australian Economy

ABC Four Corners: Home Truths

The ABC’s Four Corners has aired an excellent story tonight showing how tax distortions such as negative gearing has created one of the world’s largest housing bubbles: Watch the 45 minute segment here.

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Australian Economy

PM appeals in vain to the shafted generation

Generation Y, Kev wants you on board. During Kevin Rudd’s comeback leadership victory speech he had a message for our young generation: Before I conclude, let me say a word or two to young Australians. It’s clear that many of you, in fact too many of you have looked at

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Australian Housing

Written Off: Negative Gearing

Prosper Australia invites you to an presentation on Negative Gearing to be held in Melbourne next Tuesday night (2nd October). Karl Fitzgerald describes the session: In what promises to be the most extensive research yet into negative gearing, Philip Soos has assembled an extensive array of data to dispute that

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Australian Economy

Negative gearing debate continues to simmer

As housing affordability hits crisis point in Sydney, NSW Opposition Leader John Robertson has called for a debate on the effect negative gearing is playing on housing affordability. A report released last week from the McKell Institute showed seventy precent of under 35s can no longer afford to buy a

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Australian Economy

Negative gearing: time to rethink your approach

We have often warned that negative gearing is really only good when house prices are rising. Now the mainstream media is ringing the same bells. The Sydney Morning Herald writes: In a rising property market, negative gearing can be a good strategy to build wealth – but watch out when

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Australian Economy

Negative Gearing still on the chopping block agenda

The two day tax forum in Canberra has ended today showing negative gearing is still firmly on the chopping block. In April we reported (Negative Gearing Rort added to Endangered Species List) on discussions the Gillard government had been having on abolishing what is considered Australia’s largest tax concession. Figures

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Australian Economy

Are the Negative Gearer’s really heading for the exits?

Late last month we reported on news of the Gillard Government considering the scaling back of Negative Gearing in Australia. (See Negative Gearing Rort added to Endangered Species List) The Australian has today reported on a couple trying to sell an investment property after the uncertainly brought about from these