Yesterday’s housing speech from Scott Morrison’s (analysed here) has drawn a luke warm reception from the states. While they have welcomed the possibility of receiving incentive payments from the Commonwealth in return for opening-up land and relaxing planning, they also want the federal government to curb negative gearing and the capital gains tax (CGT) discount, which they believe is artificially pumping demand. From The AFR:
Labor Treasurers of South Australia, Queensland and Victoria said Commonwealth policy must also play a role.
