On housing, the contrast between the two major parties couldn’t be clearer. The Coalition is still pretending you can help first-home buyers without hurting anyone. Labor isn’t.
The Coalition’s new plan seeks to arrest the decline by lending would-be buyers up to 15 per cent of the purchase price, provided they’ve saved at least 5 per cent for themselves. It would increase home ownership, but only a little. It might also push up prices – but by even less. Some people saving for their first home might buy earlier. Others just priced out of the market at the moment could afford to pay a little more for a house, given they would not have to pay lenders' mortgage insurance.
And the bigger the scheme, the greater the risks of dodgy lending, which could leave the government on the hook if buyers default. Labor’s plan to abolish negative gearing on existing homes and halve the capital gains tax discount creates losers.
& don't cut taxes for the rich so they outbid the bottom half of society BrendanCoates JohnDaley_
best way to destroy the economy too would have been smarter if we didn't bring everything here
That makes sense. Let the market work if you believe in economics
After the huge gains in the housing market and now the market correction which is starting to take place. Why would you want government intervention to stop the correction?
We need affordable housing for first home buyers and renters. VoteSustainable Vote for SustainableAustralia auspol ausvotes ausvotes2019 ausvotes19 democracysausage sausagesizzle
Sorry but prices dropping 10% doesnt help when borrowing capacity drops 30%. Mucking around with negative gearing and CGT doesnt help either. Best way to help first home buyers is to keep building more houses.
This article sucks
So what happens when they invest their deposit and prices cont to fall? Bankruptcies? Imbeciles
JohnDaley_BrendanCoates Demand for housing must come down. You can do that only be reducing immigration to e.g. 70 K pa. That would also stop congestion getting worse. Again the GrattanInst has not dared to propose slaughtering Australia's holy cow
you speak with a forked tongue
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