The Hon Chris Bowen MP - Federal Member for McMahon
What's Happening Posted May 02, 2016.
In a major embarrassment for the Treasurer, a day before his pre-election Budget, Federal Liberal MP John Alexander has belled the cat on the negative impacts of negative gearing as it stands and its broader impact on the housing market.
Earlier this year, the Treasurer repeatedly put on the record his concern with what he called the “excesses” of negative gearing, before the Prime Minister, not for the first time, rolled him.
Tonight, as part of an ABC Four Corners special on housing affordability, Mr Alexander, who chaired the House of Representatives Inquiry into housing affordability, said that negative gearing has led to a housing market "dominated by speculative investors".
He also said:
"Too...Read complete article »