How much will Bill Shorten's Housing Tax devalue your home?
Under Bill Shorten's proposed Housing Tax, the value of your home could drop by
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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what the experts say…
The Master Builders Association found Labor’s policies could result in up to 42,000 fewer new dwellings being built and 32,000 less full time jobs
Riskwise Property Research published findings that under Labor’s property tax house prices could fall about 9 per cent
The Centre of International Economics found that increasing capital gains tax would increase housing costs across the board, including rents that tenants pay and prices that first home owners pay