Part 7/9:
The Case Against Negative Gearing Reform
Negative gearing remains a hot-button issue, primarily because of its profound impact on housing affordability and investment markets. Jim Chalmers has previously voiced strong opinions on the need to eliminate or drastically reform the system. He has argued that housing policies ignoring negative gearing and capital gains tax reform are fundamentally flawed and incomplete.
In a past statement, Chalmers emphasized that “any housing policy that doesn’t deal with negative gearing and capital gains tax is a sham.” He pointed out that housing affordability hinges on tackling these issues head-on, suggesting that without addressing these tax loopholes, ongoing affordability challenges will persist.