Rich vote
Housing affordability is out of control and part of the problem is a system that lets the wealthy negatively gear dozens of properties while everyday Aussies struggle to buy their first home.
Jacqui Lambie is calling for common-sense reform. Under her plan, you’d be able to negatively gear up to two or three properties and any arrangements already in place would be grandfathered in. That means no nasty surprises for working-class Aussies who’ve invested for retirement.
But this would put a stop to rich investors hoarding housing stock and driving up prices for everyone else.
It’s a fair go for both homeowners and responsible investors because the property market shouldn’t just work for the rich.