Labor to end negative gearing concessions for new investors
Share prices at Australian Stock Exchange drop after the release of the federal budget. Photo: Daniel Munoz
The Turnbull govern속초안마ment has signed off on the first phase of a $1.7 billion deal worth about $750 million with ANZ to end negative gearing concessions for new investors who want t우리 카지노o buy properties in Australian cities.
The agreement was r영천안마evealed in a press release on Monday morning, confirming the government would announce plans on Wednesday to end a major component of the $10.5 billion concessional housing assistance scheme, with a move to end negative gearing concessions for new investors starting with Sydney.
« This agreement is a critical one as new capital is being poured into Australian cities, especially in Sydney, » said Minister for Housing, Graham Richardson.