Money

New property revaluations reveal a 12 per cent drop across the Rotorua district

ACOSS pushes for negative gearing cut to balance Govt books

THERE is a renewed push to restrict negative gearing and capital gains tax breaks on property that it says are costing the Federal Government $7 billion a year.

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gatto101 - Maroochydore
gatto101

We cant remove negative gearing our economy would crash. We only have two main industries in Australia. Speculative housing and mining. Since mining has tanked, we now only have housing. We have got to keep the ponzi housing scheme going for as long as...

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