PHOTO: Fake rent increase notice
The lowest blow of this election campaign may have come from a firm of real estate agents that abused its position of trust to scare renters about Labor’s proposed negative gearing changes.
If you are one of those renters, relax. You have nothing to fear from the changes. You might even benefit from them. The only interests the real estate firm is protecting are its own.
Late last week Raine & Horne principal Graham Cockerill wrote to tenants saying Labor’s changes would be “devastating” and included material from the Real Estate Institute of Australia warning of what might happen if “the planned changes to negative gearing do go ahead”.
“The fall in property prices will decrease the value of 18 million Australians’ retirement nest eggs,” and “rents will rise” the material warns.
“Further, government savings will be less than estimated, unemployment will rise and our whole economy will be in jeopardy.”
READ MORE VIA ABC
This article by Danielle Wood of the Grattan Institute written for the Labor Parties ABC would be more credible if Danielle Wood had NOT been the Policy advisor who helped to create the Negative Gearing Policy for Labor, using corrupt data, that to dat has not been corrected.