Fact Check: Did Abolishing Negative gearing Push Up Rents?
Treasurer Joe Hockey says abolishing negative gearing could push up rents, because that’s what happened in the 1980s. Is he correct? Watch this clip produced by ABC on the implications of abolishing negative gearing into the property market especially in Sydney.
Joe Hockey’s Statement on Negative Gearing
Tags: sydney property market, negative gearing, RBA rates cut