Dr. Nahan questions the Minister for Housing on the potential negative impacts of federal Labor's proposed changes to negative gearing and capital gains tax on WA's housing market. The Minister dismisses the concerns, framing it as a choice between progress and negativity.

AnsweredQoN 171Legislative Assembly
Asked
20 March 2019
Portfolio
Housing

QuestionView source ↗

PROPERTY TAX —
FEDERAL LABOR POLICY
171. Dr M.D. NAHAN to the Minister for Housing:
I have a supplementary question. Why
does the minister refuse to accept the advice of the housing and construction
industry that Bill Shorten's policies on negative gearing and capital
gains will put further downward pressure on property prices, destroy jobs and
push more Western Australian home owners into negative equity when we already have
record levels?

AnswerView source ↗

It is very simple, Leader of the
Opposition. We do not accept the modelling. In May, the people of Australia
will make a choice between somebody who is progressive, who wants a future for
all Australians and a fairer share for all Australians, and the negative
naysaying of members on the Leader of the Opposition's side of the
house.

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