The end of negative gearing: a positive take-out | The Real Estate Wrap with Leanne Pilkington
Welcome to this week’s Real Estate Wrap with Managing Director, Leanne Pilkington. Should the Labor government triumph in the upcoming election, we may see the removal of negative gearing. Leanne explores what this means for investors.
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Hi, Leanne Pilkington here. I am the Managing Director of Laing+Simmons as well as being the president of the REINSW, and I’m here to tell you just a little bit about our weekly Real Estate Wrap for the week commencing November 19.
No secret that the real estate market has slowed down, prices are coming back. It’s not that easy and with elections coming up in March, with our state election and obviously our federal election later in the year. It’s an interesting time in the market.
With prices coming down and a fair chance that we’re going to see a Labor government next year, we will probably see the abolition of negative gearing. That’s not great news, but there is a light at the end of the tunnel for those of you who are thinking about investing.
Because the reality is that the Shorten government has indicated that they will grandfather negative gearing. Prices are down. A very limited opportunity to take advantage of negative gearing means now could well be the time that you need to be investing in property.
For more information, just click here and download our weekly wrap. Thanks.