According to a new study by Washington's Brown Quantity Surveyors, over 70% of investors would hesitate to buy a second-hand property if they could no longer claim negative conversion benefits.
The Labor Party proposed to limit negative gears on secondary residences, only allowing deductions for newly built properties. Investors will therefore be encouraged to allocate their funds to these properties to strengthen the supply.
"While the vast majority of respondents question the purchase of second-hand goods, if the proposed policy is implemented, any government should consider broader market implications properties around Australia and their effects on the economy in general, "said Tyron Hyde of the Washington Brown Survey Survey.
The result seems to corroborate the general feeling that there is almost no need to change the country's policy of negative multiplication. Of the nearly 3,000 respondents, less than 20% thought that policy changes were essential.
"With so many people responding, it is quite clear that the vast majority of them feel that the time has not yet come to radically change the negative gears", said Mr. Hyde.
Notably, the study showed that many respondents were immune to potential changes, with over 60% of respondents confirming that they knew that real estate investors would no longer be able to claim such expenses. that strata fees, maintenance fees on established properties, if the Labor Party should abolish the negative gears.
Over 80% of Australians also know that the proposed amendments to the negative gear legislation would mean that lost income from recently acquired rental property could no longer be offset by income. d & # 39; employment.
Eighty percent of survey respondents also said that the negative bargaining policy of one or the other party would be decisive for their vote in the next federal election.
"Although the answers here do not indicate how respondents will vote, they certainly suggest that this policy will be taken into account in voter decision-making. It's a hot topic and somewhat sensitive! It is clear from these results that negative gears will certainly be a determining factor at the ballot box, "said Mr. Hyde.
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