Negative gearing decider in just one more week

There is just a week left to get the word out about Labor’s proposed negative gearing reforms and the damage they can cause to our property market. The REIQ campaign is ramping up and you can help us spread the word.

The REIQ’s digital campaign – StandForStability.com.au – has flowed through the social media landscape and drawn an overwhelming response.

“We’ve connected with so many people who didn’t know what negative gearing reforms were about and are now concerned about the impact that Labor’s proposed changes will have on their lives,” REIQ CEO Antonia Mercorella said. “The lost stamp duty revenue, the increased rents and the loss of value to our homes will affect every single person in our community,” she said.

With the election just over a week away – May 18 – the REIQ, along with a united property sector, is working to ensure voters know what their vote means and what the key issues are.

“Mr Shorten accused real estate agents of having a vested interest in the negative gearing debate and he’s right – in fact, we all have a vested interest in this debate. We all stand to lose if these changes go ahead.

“This is important advocacy work and we do this to protect a healthy real estate sector, which delivers benefits to all parts of our community through direct and indirect jobs, dwelling supply, and personal wealth accumulation,” Ms Mercorella said.

More than 50,000 Queenslanders are employed directly by the real estate sector. A further 300,000 jobs flow from those direct jobs, such as tradies hired by property managers to maintain their clients’ properties.

“There are thousands of jobs at stake, but that’s just the start. There’s so much more depending on the results of the May 18 election. A stable market, delivering steady growth is key to government revenue, with sales turnover required to deliver stamp duty to state government, rates to local government and a range of other associated property taxes.”

Don’t get angry – get active!

The REIQ has put together a toolkit of collateral that you can share to show your support.

Download our email signature to append to all of your emails to show everyone that you support a healthy real estate sector.

Share our social media tiles on Instagram and Facebook to let friends and family know that a healthy real estate sector is at stake when they vote.

Visit our StandForStability.com.au/resources page to get shareable content and get involved!