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Real Estate Business Awards 2021

The REB Awards is the benchmark of success in the Australian real estate industry. It reflects not only the business astuteness of the country’s leading real estate operators and networks..

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top 10 agents

Alexander Phillips

Top 1

Year of Experience: 21

Support Staff: 3

Residential Property Listings Secured: 241

Total Value of Residential Properties Sold: $ 706,737,500

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1/10
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top suburbs

12 month growth
Manyana
70.61%
Tamarama
70.55%
Box Hill
64.95%
Goodwood
64.38%
Bawley Point
63.64%
Lennox Head
62.11%
Casuarina
62.08%
Queenstown
61.31%
Warana
60%
Cooroibah
59.43%
SEE AREA REPORTS ON SMART PROPERTY INVESTMENT WEBSITE
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We need negative gearing: housing lobby

By Staff Reporter
23 September 2014 | 1 minute read

Restricting access to negative gearing would reduce housing investment and affordability, according to new research.

The research paper, which was commissioned by the Housing Industry Association, also claimed that negative gearing helps restrain rents.

Managing director Shane Goodwin said discounting residential negative gearing in isolation would reduce the efficiency and equity of the tax system.

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“New housing is one of the most highly taxed sectors in the economy, and the removal of negative gearing would only make that situation worse and discourage investment,” he said.

“This would in turn reduce housing supply and increase the cost of renting.”

Mr Goodwin said negative gearing promotes private investment in the rental market, which in turn stimulates economic activity and takes pressure off social housing.

“With an ageing workforce and future pressure on services, policy settings such as negative gearing that promote wealth creation and self-sufficiency in retirement should be promoted,” he said.

Negative gearing benefits more than just wealthy investors, according to Mr Goodwin.

“Figures from the Australian Taxation Office demonstrate that 74 per cent of tax payers receiving rental income have a taxable income of less than $80,000,” he said.

We need negative gearing: housing lobby
Gearing
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Listen to other installment of the Real Estate Business Podcast
top 10 agents

Alexander Phillips

Top 1

Year of Experience: 21

Support Staff: 3

Residential Property Listings Secured: 241

Total Value of Residential Properties Sold: $ 706,737,500

VIEW COMPLETE REPORT
1/10
Do you have an industry update?

top suburbs

12 month growth
Manyana
70.61%
Tamarama
70.55%
Box Hill
64.95%
Goodwood
64.38%
Bawley Point
63.64%
Lennox Head
62.11%
Casuarina
62.08%
Queenstown
61.31%
Warana
60%
Cooroibah
59.43%
SEE AREA REPORTS ON SMART PROPERTY INVESTMENT WEBSITE
Subscribe to Newsletter

Ensure you never miss an issue of the Real Estate Business Bulletin.
Enter your email to receive the latest real estate advice and tools to help you sell.