Negative gearing: Modelling reveals Labor’s plan would push up average rents by $2600 a year

THE Turnbull Government has reportedly dropped its plans to reform negative gearing, as a new report says Labor’s policy would kill 175,000 jobs and push about 70,000 households into rental stress.

New modelling to be released today will reveal Labor’s negative gearing policy would push up average rents by $2600 a year and cut $19 billion from the national economy.

Opposition Leader Bill Shorten’s policy is also projected to strip 175,000 jobs over the next 10 years, shrink new home construction by 7200 dwellings a year and push an estimated 70,000 households into rental stress.

RENT

Rent is expected to climb up $2600 a year.Source:News Corp Australia

READ MORE VIA NEWS.COM.AU

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