Scott Morrison says negative gearing rules will stay
At a meeting of state and federal treasurers on Friday, Scott Morrison said negative gearing would stay. He also outlined new ways to attract private investment into affordable rental housing.
Rents recorded an unprecedented 0.6% fall in the year to 30 June according to CoreLogic, driven mainly by steep falls in the commodity-reliant cities of Darwin and Perth.
In the lead up to the federal election, the authors of the Rental Affordability Index have called for new emphasis on housing affordability, as the latest data reveals even middle-income earners are experiencing rental stress.