Australia’s property industry is emerging as the main driver of economic growth and increased employment in the transition away from a decade-long reliance on mining.
“Our concern is that Labor’s policy is a populist response to those who demonise housing and negative gearing as primary cause of our fiscal and social problems."
Outdoor areas in investment properties contain a number of structures and assets which are worth thousands of dollars for their owners. These items also experience wear and tear over time.
"Lenders are being overly cautious with investment lending, where the property owner gets tax breaks, and over zealous with owner occupiers, where they get no tax breaks."