Who really uses negative gearing? Nurses, teachers, clerical staff

The Property Council of Australia refutes claims made today that average Australian workers are not the main beneficiaries of negative gearing.   The latest available data from the Australian Taxation Office is indisputable and it shows that some of Australia’s most valued, but lower paid workers are the primary beneficiaries of negative gearing.   This includes the 42,000 nurses, midwives and aged care workers, 62,000 teachers and child carers, 12,300 emergency service wor...
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Housing Supply Reforms Must Be Priority

Master Builders Australia strongly backs the focus by the Federal and State/Territory Treasurers on tackling housing affordability announced by the Federal Treasurer at the Council on Federal Financial Relations yesterday. “The working party to be chaired by Victorian Treasurer Tim Pallas is welcome recognition that increasing the housing supply is where the focus of government needs to be,” Wilhelm Harnisch CEO of Master Builders Australia said. “The core of the problem is to remove th...
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Housing Finance Data Highlights Need To Release Handbrake On The Housing Supply

“The latest housing finance highlights the urgent need for a national housing affordability agenda to increase the housing supply and ensure first home buyers are not locked out of the market,” Peter Jones, Chief Economist of Master Builders Australia. “Only by increasing supply can we solve poor housing affordability by exerting downward pressure on house prices. We need a policy response that works to release the hand break on new housing,” he said. “The industry remains confident th...
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