Even with falling house prices there is little reason to believe the ALP’s policy is any less popular
With the clock winding down on the Scott Morrison government, the fear from the conservative side of politics is becoming rather overwrought. The articles about what level of destruction the ALP’s policies will wreak are now virtually a daily occurrence – especially on aspects of economy dealing with negative gearing and tax. But even with falling house prices in Sydney there is little reason to believe the policy is less popular than it was three years ago.
One of my favourite fear articles of late was in the Australian this week, which used data from the Australian National University’s Australian electoral study of the 2016 election to estimate that “while half of all property investors voted for the Coalition at the last federal election, 26 per cent gave their vote to Labor, suggesting the opposition’s proposal to grandfather negative gearing risks putting these voters offside”.
Continue reading...from The Guardian http://bit.ly/2S20dWC
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