Can we get an economist to confirm that?

Again I'd like an economist to confirm this.

juliar wrote on Nov 8^th, 2018 at 12:45pm:




Well I would debate that this is a reason. Thats why I'm asking for a independant view on this. Its not about not trusting Frydenburg specifcially, its about not trusting any politician in reviewing their opposition

Can I ask whethr you think the MBA would be independant on this?

The Polly Waffle VIRUS strikes again with more Fake news his speciality as that is all his weak mind can manage.


BH is trying hard to change the subject but his reputation precedes him.




The impossible dream under Labor the worst most wasteful incompetent Govt ever

Ignoring BH who will go round and round the mulberry bush till the cows come home.  Can't have much else to do.


Thousands of people in Australia will be hit by Labor's punitive retiree tax.

Australians deserve a govt that encourages personal responsibility, rewards hard work & allows them to keep more of what they earn.



The Australian economy is growing faster than any G7 country, we're one of only 10 countries with a AAA credit rating from all three rating agencies & we're on track to return the budget to balance in 2019/20.

But, we can't be complacent.

Don't risk it with Labor.





Now would be the worst possible time for Labor’s new property tax which could threaten the ‘orderly unwind’ in the housing market and our AAA credit rating.




What sort of lame brain lunatic would ever VOTE for LABOR the wrecker of Australia ?

Ignoring BH who is getting dizzy from spinning around.


Under Labor, you’ll pay too much tax.




And Labor's GREATEST ACHIEVEMENT WOULD BE TO LOSE THE AAA CREDIT RATING!!!!!

Labor’s attack on negative gearing not only punishes 1.3 million people with negatively geared properties, but everyone with equity in their home. With a strong economy & an AAA credit rating, we can’t risk a return to Labor!

It's fake news folks - just move along.

Can't wait to buy my first home after labor makes it affordable.

In the very unlikely event that the worst "govt" in Australia's history gets in then buying a home will be lost until the Libs return.

Typical coalition oxymoron.  Either prices drop so that people can afford to buy houses, or houses go up and that makes people who have houses happy but not those who want to buy.  You can't win either way.

However, what is certain is that the demographic for people who want to buy their first homes will outnumber the old folk who are dying.  And they won't be picking the coalition who aren't out there to help them.

Labor's election losing Socialist housing destruction lunacy unraveling. ScoMo has got Shorty walking on ball bearings.



No start date for Labor’s negative gearing policy
Samantha Maiden 10:00pm, Nov 18, 2018 Updated: 11:17pm, Nov 18


With house price growth already stalled, the signature policy faces big hurdles. Photo: Getty

Bill Shorten’s pledge to end the current negative gearing rules for investors still doesn’t have a start date and senior MPs doubt it will pass the Senate even if he wins the next election.

The limbo over the start date leaves the door open for Labor delaying the introduction while the property market remains volatile and house prices are falling in Sydney.

Senior Labor frontbenchers stress that the ALP remains strongly committed to the policy, which survived sustained attacks at the last election.

But the crucial question of when it would actually start remains a secret.

Just months before the election, the Labor Party is still refusing to say when the nominal start date for the changes to ban future investors from negatively gearing existing properties will commence, describing the key question as “to be determined”.

“It will likely be July 2019,” a Labor frontbencher told The New Daily.

“But the more interesting thing is, can we get it through the Senate?

“Let’s assume the election is in May, the Parliament won’t resume until August or September.

“I think it will be a very difficult Senate. The changes that the Liberals introduced – there will be fewer Greens. They will lose as many as three seats. There will be fewer independents.

“We can announce a date, say July 1, 2019 but I don’t think we are going to get it through. We’ve got to get 39 votes.”

While the Labor Party remains strongly committed to the policy, there are calls for the ALP to delay the introduction while the housing market remains volatile in Sydney and Melbourne.

Labor confident scare campaign isn’t working
In recent weeks, Treasurer Josh Frydenberg has ramped up the scare campaign over Labor’s negative gearing policy.

His key attack line is that the changes could see $75,000 wiped off the value of the average home in Sydney or Melbourne.

Mr Frydenberg told The New Daily the policy was a “big risk”.

“It [the house price falls] could be up to 9 per cent in some places. You’ve got a whole range of institutions who have said this will have a very negative impact,” he said.


Treasurer Josh Frydenberg is warning of price falls if the policy proceeds. Photo: AAP

“The policy was constructed at a different time.

“They say they are grandfathering existing houses that are negatively geared. Well, every time those people sell they are selling into a market that is smaller with fewer buyers.

“Bill Shorten has been saying he doesn’t want to see first-home buyers competing with investors? But first-home buyers will be competing with investors for new properties.”

But Labor is confident the campaign isn’t working. It disputes Mr Frydenberg’s claims that two-thirds of negative gearers have a taxable income under $80,000 as misleading because it doesn’t reveal the taxpayer’s actual income before it is reduced by negative gearing.

When that is factored in only 52.3 per cent of investors have incomes under $80,000.

“No amount of silly videos will make a misleading scare campaign a truthful one,” Labor’s treasury spokesman Chris Bowen said.

After the Finance Minister Mathias Cormann recently said Australia should “let the market operate” and it was “good” that prices are rebalancing, Mr Bowen accused the Liberals of contradicting themselves.

“Official Liberal position: If house prices fall under the Liberals it’s good. If house prices fall under Labor, it’s the end of the world,” Mr Bowen said.

“That clears it up.”

Shorten plans to ‘grandfather’ changes to protect existing investors
Current negative gearing arrangements allow investors to claim a loss from a residential property’s rental income due to loan interest repayments.

Investors can also claim a 50 per cent discount on the tax payable on any capital gains accrued from the sale of a property.

Labor also proposes reducing that capital gains discount from 50 per cent to 25 per cent.

Mr Shorten’s changes will “grandfather” existing property investors, which means the 1.3 million Australians who currently negatively gear can continue to do so.

For future investors, Mr Shorten proposes banning negative gearing for existing properties but allowing it for new homes to encourage an increase in the supply of new houses to rent and buy.

Crossbencher Derryn Hinch says he will vote for it
Key crossbencher Derryn Hinch told The New Daily he was open to supporting Labor’s negative gearing changes – if they are presented to the current Senate.

“For yonks I resisted changing it. I own one negatively geared property,” he said.

“Now I know of one senator who owns more than 20 negatively geared properties. Not what was intended.

“I agree that nurses and cops own such properties. My view is that I would vote for the ALP changes if grandfathered, but I would limit negatively geared properties to two or three.”

https://thenewdaily.com.au/news/national/2018/11/18/labor-negative-gearing-start...