Negative negotiations could still be one of the main concerns of the Australian Labor Party in the upcoming federal election.
Labor Party spokesman for housing, Jason Clare, said the party could take a different path for its policies of taxation of negative gains and capital gains, given affordability of housing is still a major concern.
"We adopted many policies in the last election to tackle some of these problems, and we have lost – Inevitably, we will not be adopting exactly the same policy in the next election, but the problems that we were trying to resolve remain and they could get worse, "said Clare at an industry event in Canberra.
Read also: Everything You Need to Know About Negative Gear
In the previous two elections, Labor proposed to significantly reduce the capital gains tax deduction for investors holding property for at least one year. He also planned to limit negative gear to new properties.
According to a report in The Australian Financial Review, the Labor government adopted these policies to improve housing affordability and stimulate construction.
A recent report from the Property Council of Australia stated that the Labor Party's fall in this year's election was due to its negative tax policy and capital gains.
The chairman of the Real Estate Board, Ken Morrison, said the Labor Party policy would have reduced the economy by $ 1.5 billion and cost $ 766 million to it. construction industry.
"In a time of shrinking housing construction and slowing economy, these changes could have been catastrophic for the housing sector," he said.
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