Article by EDDIE CHUNG from therealestateconversation.com.au
When considering changes to negative gearing, commentary about the potential to wind back negative gearing benefits on a retrospective basis is concerning.
People make medium to long term economic decisions based on the law at the time, and while some may argue the environment has changed to warrant the wind back of negative gearing benefits, doing so retrospectively and applying it to people who have already bought properties on which negative gearing benefits are claimed would be tantamount to penalising them for planning ahead and being financial responsible……………Click Here to continue reading this article
Nerida Conisbee, Chief Economist, Ray White Group The Federal Budget has confirmed a major shift in housing tax policy, with negative gearing to be limited to new builds and CGT changes designed to reduce the tax advantage of investing in property. The intent is clear: reduce investor competition for existing homes and redirect capital into … […]
Cedar Mill concert venue a game-changer for Morisset A new event space at Morisset that will host headline national and international performers will put Lake Macquarie on the map as an event tourism destination and create new economic and social opportunities in the city’s south west precinct. Lake Macquarie City Councillors voted unanimously tonight to … […]