It's arse about for tax deductions for housing. It should be no negative gearing for investment properties, but interest on your mortgage for your primary residence is tax deductible. They could grandfather the deductions for existing properties so it doesn't cause a major market upheaval. That was the problem when Keating took away deductions in the 80's. It made rents unaffordable, without making housing cheaper for the owner-occupier.Queensland State Housing Minister Mick De Brenni quoted yesterday saying
“last year more Australians bought their seventh home than those who bought their first”
Dafuq