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Real Estate Institute's take on negative gearing

Discussion in 'Property Market Economics' started by D.T., 30th May, 2016.

  1. D.T.

    D.T. Adelaide Property Manager Business Member

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  2. wobbycarly

    wobbycarly Well-Known Member

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    The "property industry employs 1 in 4 Australians"? They lost me here... Do they include all the residential plumbers, electricians, etc in this? And people won't maintain properties without NG?

    I'm on the fence on this one. I benefit from NG, but enough to curb my investment in property if it was abolished.
     
  3. Bullion Baron

    Bullion Baron Well-Known Member

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    Very few facts in a video claiming to contain them, more like it was filled with industry biased opinion, assumptions, myths, predictions and conjecture.
     
  4. Drgonzo

    Drgonzo Well-Known Member

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    Labors plan works. It directs investment to the part of the economy with the greatest multiplier effect. It's no secret that the government is investing so much in infrastructure at the moment to keep us out of recession for the same reason. Investing in existing stock does nothing but push prices to unsustainable levels and line the pockets of snake oil salesman, parasite "real estate commentators" (how on earth they get paid for it I will never understand) and real estate agents.