Changes to negative gearing policy would drive up rents and affect the most vulnerable people in the community, according to the Real Estate Institute of Australia.
REIA President Malcolm Gunning said political gamesmanship has seen the plight of first homebuyers, low-income earners and other renters forgotten in the debate around reforms to negative gearing.
“One of the major beneficiaries of negative gearing are renters because it is proven to increase supply. Any changes that are made would have serious flow on effects,” Mr Gunning said.
Housing Finance numbers show cautious optimism
REIA says rate cut to help affordability for home buyers
Leanne Pilkington recognised as best of the best
REIA News – June 2019
Research shows March housing decline, market to stabilise: REIA
Housing affordability improves while rental affordability declines: report
Rate cut will help affordability: REIA
Real Estate Institute of Australia welcome’s PM’s Ministerial appointments
