Keep up with news and events in the Queensland real estate profession.
The Queensland real estate sector, which employs more than 50,000 people, and through its property taxes such as stamp duty deliver some of the biggest revenue streams to the Government coffers, was ignored in the State Budget this week.
Queenslanders have spoken and they have voted for a stable property sector, rejecting the proposed negative gearing reforms and in doing so, returning Prime Minister Scott Morrison and the LNP to power.
First National Real Estate’s national communications manager, Stewart Bunn has articulated the industry’s concerns about the economic impacts of the proposal to limit negative gearing and double capital gains tax.
PRDnationwide’s Chairman and Managing Director, Tony Brasier, has spoken out in support of the severe impact the proposed changes to negative gearing and capital gains tax will have on the property investment market.
The debate around negative gearing is ramping up. I for one, strongly support negative gearing and believe if Labor is elected and this policy is introduced from 1 January, 2020, it will negatively impact homeowners, renters and investors. Here’s why.