.

Tax lurks and perks are invariably only suited to the top end wealthy, as is negative gearing on investment properties. 50% of the negative gearing advantage goes to this group, who are, interestingly, living in LNP electorates. 6% advantages the bottom 20% of households.

Negative gearing adds 4% to the cost of housing.

What would immediately assist with the housingm crisis would be a 10% tax on capital gains redirected to renters as government rent assistance.

A tax on single/couple occupancy of family suitable housing, discouraging underutilisation of the existing housing stock.
A second advantage of this innovation would be to reduce costs of replacement building stock to economic size suitable for single/couple occupancy

One Tax rate for everyone would solve many of the problems our economy suffers from !

Surely the argument favours restricting Negative Gearing to new builds rather that those investors engaged in flipping existing properties ?

wantok,
I question the validity of negative gearing & the system of Taxation that has proven to be so flawed yet fixing it is on no-ones list !

Labor probably thinks that it has broken so many promises that a few more don't matter.