You are currently viewing 2019 Labor Budget Reply – Negative Gearing

2019 Labor Budget Reply – Negative Gearing

At a recent workshop, it was surprising how many investors believed they were going to lose their negative gearing benefits.
 
So here’s a short snippet from Bill Shorten confirming negative gearing will remain in place for current property investors and should Labour come into power; Negative gearing will be available on new builds.
 
Interestingly though. He goes on to say how difficult saving a 20% deposit can be, but we shouldn’t tell our youth to think about how they spend their money e.g. Smashed avocado.
 
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*This video is for demonstration purposes only. Before taking any action, seek financial advice from licenced professionals to see if this strategy is right for you.

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