Quote:
Originally Posted by CoolBFWagon
Negative gearing has ruined it for everyone.
And the Chinese are taking buying up big in countries all over the world.
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Negative gearing has been around since the 80s yet house prices didnt start to deviate from its normal tangent line (median house price vs average wage) till the government halfed the cgt. Making housing more desireable wasnt a good move.
This needs to be scaled back as the market needs a correction. The house prices in my area are rediculous.