WHAT BILL SHORTEN’S HOUSING WILL TAX MEAN FOR YOU AND YOUR FAMILY…
The dangers of Labor’s plan are simple – take away negative gearing and a whole group of buyers are taken out of the market. Less demand for properties means the price of all properties will decrease. And when the value of property goes down, rents always go up.
1.3 million Australians use negative gearing for their investment home. Around two thirds of those who use negative gearing have taxable incomes less than $80,000 a year.
Labor’s negative gearing changes and higher capital gains tax will hurt mum and dad investors. With property values already declining, Labor’s changes will lower values for all home owners.
Labor can’t manage money, so they come after yours. Their $200 billion of higher taxes will hit retirees, workers, family businesses, electricity and housing.
Only the Liberals will stop Labor’s Housing Tax. Sign our petition below:
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