196 | Q & A - Negative Gearing Changes - Should I Still Invest in Property?

The Property Couch

“Labor risks $12bn housing hit over ending negative gearing” — if you’re like us folks… this headline has us all concerned!!
And the concern didn’t stop at the headline.
As we read on, the full news article, published by The Australian on the weekend, highlighted that the $32 billion plan to end negative gearing would — quote — lead to a fall in new housing construction of up to 42,000 dwellings over five years and 32,000 fewer jobs across the country, according to independent modelling — end quote.
Yep… that’s a drop in a whole lot of new housing construction (ie. supply) AND just a-bit-more-than-a-few losses (up to 32,000) in jobs!!
Folks… this is crazy stuff.
And those stats aren’t the only ones coming out of recent independent research digging into the numbers of what’s likely to happen if negative gearing’s ditched.
So, today we’re looking at a few of the worst-case scenarios from two different reports (the links to both of these are further down in the show notes) and unpacking — with both a short-term and long-term view — how this change to negative gearing might affect the property market and those investing in it.
But negative gearing changes — and the possible consequences on housing prices and for first-home buyers — isn’t the only question we’re answering today! We’ve got plenty of gold on how to time your existing strategy, retiring debt and the right asset to invest in!
Oh, and if you’d like the Geospatial Heat Notes — the heat map that shows the Compounding Annual Growth in Median Value for Houses from 1974 till the end of 2017 that is sourced from the Valuer General data — you can get them here.
The Articles Ben mentions:

• The Australian Article — Labor risks $12bn housing hit over ending negative gearing

LISTEN TO THE FIRST 20 EPISODES HERE >>
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