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

joe hockey on negative gearing
“If you abolish negative gearing on investment properties, there’s a strong argument that rents would increase,” Mr Hockey

Tags: sydney property market, negative gearing, RBA rates cut




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