Ah yes, the fake left:
More than a quarter of a million renters could own their own homes if Labor revived dumped plans to wind back generous tax breaks for residential property investors, new analysis shows.
A Parliamentary Library analysis of NSW Treasury modelling and census data, commissioned by Greens MP Max Chandler-Mather, found home ownership would rise by 4.7%, or 292,902 more owner-occupier houses, if negative gearing and capital gains tax discounts were wound back.
The increase would result in 774,955 individuals currently living in residential investor properties moving to owner-occupier homes instead, the analysis showed.
Marvellous!
Until you realise that at current immigration rates, this will absorb 18 months of arrivals before we add in The Greens intention to increase the intake.
There is simply no solution to the housing crisis while immigration continues above 90k per annum at the most.
All policy discussion is fake unless or until this fact is addressed.
