Doom and gloom predicted if negative gearing ends
79 per cent of property investors would sell their investment property if negative gearing was abolished according to a survey by the Real Estate Institute of Queensland (REIQ).
The survey found that investors would be drawn to a different asset class if negative gearing benefits were to be removed from property.
A recent report by the Grattan Institute claimed that 2 per cent would be wiped off housing values if negative gearing were curbed.
Source: The Adviser