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.
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REIA News – March 2021