Negative gearing

2024 - 9 - 25

Negative Gearing: Is Albo Playing a Game of Finance Hide and Seek?

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Prime Minister Albanese is keeping everyone guessing about negative gearing changes—will he, won’t he? Get the scoop on this housing hot topic!

As Australia's housing crisis continues to make headlines, Prime Minister Anthony Albanese is digging deep into the looming issue of negative gearing. Although Labor has previously opted for a softer approach with changes tabled during the 2019 election, Albos' recent remarks suggest potential re-evaluation of tax concessions on investment properties. It seems like the PM is keeping his cards close to his chest as he addresses curious citizens, who are left pondering whether these financial tweaks will ever materialise.

In the political jungle of Canberra, where every word counts, Albanese has been expertly dodging questions pertaining to negative gearing like a seasoned ninja! While continually affirming the government’s priority to fix the housing supply, he has not outright ruled out changes to the existing tax benefits that are in place. Like a suspenseful thriller, the details remain shrouded in mystery, leaving homeowners, prospective buyers, and property investors at the edge of their seats.

With rumors swirling and strategies being carefully crafted behind closed doors, it’s clear that Labor’s Treasury is investigating various options. This could mean that they are preparing to unveil a much-anticipated plan that could shake things up in the housing market. After all, who doesn’t love a good plot twist, especially when it comes to property taxes? As the PM leaves the door slightly ajar for adjustments, the Australian public is undoubtedly keeping a watchful eye on whether this is all merely political posturing or if genuine reforms are on the horizon.

In the midst of this political back-and-forth, it’s essential to note that negative gearing has been a hot topic in Oz for quite some time. A poll conducted last year revealed that more than 70% of Australians believed reforms were necessary to ensure housing accessibility. Additionally, a study showed that investors with negatively geared properties were targeting properties in metropolitan areas, exacerbating the housing supply issue. As the suspense builds, we can only wonder if Labor’s forthcoming decisions will be cakewalk or a reality-check for the housing industry.

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Image courtesy of "The Sydney Morning Herald"

Negative gearing in Labor's sights as Albanese readies for election ... (The Sydney Morning Herald)

Federal officials have started work on options to scale back negative gearing and capital gains tax concessions, preparing the ground for a bold new housing ...

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Image courtesy of "ABC News"

PM leaves door open to negative gearing changes, saying he ... (ABC News)

Labor took negative gearing and capital gains tax changes to the 2019 election, which were designed to exempt any properties currently negatively geared. What's ...

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Image courtesy of "The Australian Financial Review"

Live updates: Anthony Albanese doges questions on negative ... (The Australian Financial Review)

President Joe Biden urged Israel and Hezbollah to step away from the precipice of all-out war on Tuesday (Wednesday AEST), warning in a major speech before ...

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Image courtesy of "The Guardian"

Labor refuses to rule out negative gearing changes as Treasury ... (The Guardian)

Anthony Albanese declares public service is 'looking at policy ideas' as report raises prospect Labor is investigating shift on housing tax concessions.

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Image courtesy of "NEWS.com.au"

Albo dodges ruling out negative gearing (NEWS.com.au)

Prime Minister Anthony Albanese has appeared to leave the door open on changing negative gearing tax benefits for people with investment properties, ...

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Image courtesy of "Courier Mail"

Albo accused of lying to Aussies about negative gearing (Courier Mail)

Anthony Albanese has refused to rule out changes to negative gearing and capital gains tax, insisting Labor “value the public service” when grilled about ...

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Image courtesy of "Sky News Australia"

Labor may be exploring possible changes to negative gearing and ... (Sky News Australia)

The federal government could be exploring its options ahead of possible changes to negative gearing and capital gains tax. An anonymous government source ...

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Image courtesy of "Brisbane Times"

Australia news LIVE: Labor put negative gearing back on the table ... (Brisbane Times)

Albanese refused to say whether he would confirm or deny negative gearing reform, saying his government was focused on fixing housing supply. “I have seen those ...

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Image courtesy of "The Australian Financial Review"

Negative gearing, capital gains tax: Albanese confirms reform ... (The Australian Financial Review)

The prime minister says Treasury is looking at ways to curb their use, but refused to say whether it is at the federal government's request.

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Image courtesy of "Daily Telegraph"

Albo dodges ruling out negative gearing (Daily Telegraph)

Prime Minister Anthony Albanese has appeared to leave the door open on changing negative gearing tax benefits for people with investment properties, ...

Greens pressure works as Labor considers changes to negative ... (Australian Greens)

The Australian Greens have said Labor is cracking under pressure from the Greens, renters and first home buyers following reports the party is actively ...

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Image courtesy of "Realestate"

Negative gearing explained: What is it and how does it affect ... (Realestate)

It means they made a loss on their investment for that financial year. And in Australia that loss can be deducted from their taxable income when they do their ...

Housing supply the main game and modelling shows negative ... (Property Council Australia)

Noting reports of the government's modelling via Treasury on changes to negative gearing and capital gains tax, the Property Council of Australia has posed ...

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Image courtesy of "The Sydney Morning Herald"

The battleground seats with the most negatively geared voters (The Sydney Morning Herald)

Labor MPs have backed a federal move to gain expert advice on negative gearing after Prime Minister Anthony Albanese left the door open to changing the tax ...

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Image courtesy of "Education – Australian Associated Press"

Advice on negative gearing 'not unusual': Treasurer (Education – Australian Associated Press)

Labor has sought advice from Treasury on scaling back negative gearing and capital gains tax concessions as it looks to make a breakthrough on housing, Nine ...

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Image courtesy of "ABC News"

We're talking about negative gearing again, but why is it such a big ... (ABC News)

One reason it is so widespread is that the Australian tax system allows property investors to deduct their losses not just against their investment income – as ...

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Image courtesy of "The Sydney Morning Herald"

Property investors fear forced sales under negative gearing changes (The Sydney Morning Herald)

Sydney architect Chirayu Shah says he and his wife could be to forced sell their home at a loss and unable to offer their children housing security down the ...

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Image courtesy of "The New Daily"

Albanese's mooted negative gearing changes welcomed (The New Daily)

Labor has backed negative gearing reforms in the past, but dumped the policy after a 2019 election loss, which Scott Morrison won.

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Image courtesy of "The Maitland Mercury"

Advice on negative gearing 'not unusual': Treasurer (The Maitland Mercury)

There's speculation the government is considering changes to negative gearing and capital gains tax. Photo: Richard Wainwright/AAP PHOTOS.

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Image courtesy of "The Age"

Tweaking negative gearing can help everyone (The Age)

The gradual abolition of negative gearing and capital gains tax concessions can only defuse the demand for housing by investors and ease the rise in the cost of ...

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Image courtesy of "ABC News"

While Labor decides whether to take negative gearing reforms to the ... (ABC News)

Negative gearing and capital gains tax rules have sat in Labor's bottom drawer since the party's bruising 2019 election defeat. Now, with Labor's primary ...

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Image courtesy of "Pearls and Irritations"

Axing negative gearing won't have any effect on rentals - Pearls and ... (Pearls and Irritations)

Negative gearing costs Australian taxpayers billions each year. Its defenders say abolishing it will cause a rental crisis. That's not true.

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Image courtesy of "Australian Broker"

REIQ raises alarm over negative gearing changes (Australian Broker)

REIQ CEO Antonia Mercorella (pictured above) highlighted the potential negative impact such changes could have on the current housing market. Negative gearing ...

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Image courtesy of "The Sydney Morning Herald"

Negative gearing isn't the cause of our housing crisis, so curbing it ... (The Sydney Morning Herald)

In light of reports the Albanese government may curb negative gearing and capital gains tax concessions, it's worth reflecting on the problem we are trying ...

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Image courtesy of "Pearls and Irritations"

Will Labor have the guts to propose changes to negative gearing ... (Pearls and Irritations)

Ideally, the government would seek a mandate for the same reforms it took to the 2016 and 2019 elections – of abolishing negative gearing for all investments ...

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Image courtesy of "The Conversation AU"

The government is reviewing negative gearing and capital gains tax ... (The Conversation AU)

Australia needs bold new housing policies that don't just rely on the taxation system but consider a range of measures to meet the housing needs of all ...

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Image courtesy of "Canberra CityNews"

PM not so positive on negative gearing changes | Canberra CityNews (Canberra CityNews)

A floated change to negative gearing concessions reignited debate over the best way to address housing supply with the prime minister under pressure to do ...

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Image courtesy of "SBS"

Anthony Albanese says he's not considering taking negative gearing ... (SBS)

Following several days of pressure, the prime minister has divulged whether property investors can expect changes to negative gearing.

Why negative gearing should be on the table - Grattan Institute (Grattan Institute)

Limiting negative gearing could be worth $2 billion a year in revenue – and reducing the capital gains tax discount could be worth $5 billion a year.

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Image courtesy of "The Daily Aus"

What is negative gearing? Explaining the controversial tax discount (The Daily Aus)

A controversial tax discount for property owners has been discussed widely, but what is negative gearing? Here's your cheat sheet.

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