Housing crisis solution could rest upon property investors
With about half of all new houses built by investors, turning around the housing crisis might require a shift in policy attitude towards 'mum and dad' property investors.
API Magazine columnist James Fitzgerald argues that they would rise due to the lack of new supply coming onto the market as property investors stop building new homes. (Image source: Romolo Tavani/Shutterstock.com/API Magazine)
There’s a lot of noise at the moment about potential tax changes, particularly around negative gearing and capital gains tax
(CGT).It’s unsurprising given that these topics seem to resurface at least once or twice a year.
Abolishing negative gearing
or increasing CGT could cause one of the biggest house price booms in history. Having said that, there is little to no prospect of it happening.It was just five years ago that Labor
lost the unlo…
