Anyone surprised?
In the meantime, The Greens want to “drive a hard bargain with Labor before committing to pass the measures through parliament”… and say “the changes for property investment were little more than “tinkering around the edges” and as much as 95% of the benefits of the existing rules would remain”.
The Greens are doing the right thing. This permanent position of having to accept tepid policy or dipping feet in the water on structural stuff that needs changing based on ‘it’s something at least’ has to change.
Tired of hearing this ‘best is the enemy of good’ crap. That’s not applicable here and it’s time we stopped accepting it as the standard we’re walking past.
We know why these grandfathering exceptions are brought in and doing so hobbles the effect the tax concession removals will have.
They should scrap it going forward and phase the rest out over 10 years.
Except the federal government has spent the last 50 years telling people to buy real estate. Two thirds of Australians own or have mortgages on their homes. Frankly, anything to rock the boat is going to need to walk the line of what the electorate will accept. You can’t just dictate all your wishes to them, the changes will just get repealed and we will be back to square-one.
Times have changed; most of that property is held by a small percentage.
Not all of which are investment properties and they aren’t in this discussion, so that’s redundant. Two thirds don’t have eye pees, which these tax concessions target.
Yeah this again. We know. Weak policy dressed as mature, steady and pragmatic. We hear it all the time after Labor steal something from the Greens (and it is, the Greens wanted these gone before Shorten) and weaken it for interest groups, who are now no longer the majority.
Release tepid policy and not expect those politicians that actually do work for us do something about it. I’ll vote them in to do it again too.
Not if they work, which stopping all going forward and phasing out the rest will do and quickly.