This has been edited from an article in the Sydney Morning Herald Scott Morrison says changing concession will drive up rents, make it harder to save for house deposit Some Coalition MPs say debate is needed, policy could be changed Negative gearing debate comes amid concerns about Sydney housing affordability Some Coalition backbenchers are backing Labor's demand to curb the tax break in order to control the growth of house prices in capital cities. But speaking in London, Mr Morrison said the policy would not work and again reinforced the Government's position that changing negative gearing would make it harder to save for a house. "The changes that Labor are proposing to negative gearing
How likely is an interest rate hike in 2017? One in five Aussies would be under housing stress if interest rates go up just 0.5 per cent. 1. RBA, EH? Australia’s official rates are at record lows. One and a half per cent! Nobody’s ever seen that before. It’s not concrete evidence by itself, but when rates get this extreme, it is more likely they’re eventually going to head back to a normal level, rather than stay out in the wild and unforeseen country they are in right now. (This would not be true if the economy was completely kaput — they’d keep cutting rates. But the economy is only partly kaput — NSW is actually going quite well, with unemployment at 4.9 per cent. Sydney in particular is
