Housing affordability is going to continue to be a big issue. I believe Labor still has the best policy to address this issue.
There is no question that negative gearing on investment properties has distorted our housing market. A $600,000 home for a couple who wish to live in it will cost them $700 a week in principle and interest repayments. That same home if purchased by an investor will cost $100 week after tax deductions and depreciation.Read more
Bill Shorten's announcement yesterday about Labor's new policy on the treatment of negative gearing is an example of how rank-and-file members can contribute to the creation of Labor Policy.Read more