Madas
Norm Smith Medallist
- Aug 16, 2020
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No the impact would be that if you have everyone flooding out of rentals into their own homes then there would be one hell of an almighty market crash where people with investment properties default on their loans .I don't have any research on what it would have been if it applied to everyone, but I still don't think it would have had a major impact on house price wise.
The biggest impact of removing negative gearing would be on those who purched the investment property before it's removal. The investors who purchased their investment property 5, 10, 20 years previous would have less and less impact on them over time because the property would be less negatively geared or even positively geared as time goes by.
Not going to happen.
One Tear in this tightly wound fabric holding this thing together would send it crashing down spectacularly.