The real estate sector says that Labor’s policy on negative gearing has been independently assessed and is shown to have far greater impacts on prices, economic activity and state revenues than previously thought.
SQM Research, a respected Australian investment research house specialising in residential property research, has released a research paper covering the potential price, rent and turnover impact of the Labor Party’s negative gearing policy.
“What SQM have done is examined Labor’s proposal and in detail assessed the consequences so there can be no claims that it doesn’t represent the stated policy as we have seen happen with other commentary, including that the industry has been accused of bias”, said Mr Neville Sanders, President of the Real Estate Institute of Australia.
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