Australia election 2025 live: Bandt defends Greens’ push to wind back ‘timebomb’ of negative gearing and capital gains tax concessions
The shadow housing minister, Michael Sukkar, is keen to keep negative gearing for people on high incomes. Follow today’s news liveAnywhere but Canberra: Australian voters on what matters to themInteractive guide to electorates in the Australian electionListen to the latest episode of our new narrative podcast series: GinaSee all our Australian election 2025 coverageGet our afternoon election email, free app or daily news podcastBandt asked about housing and gasStaying with the ABC where Adam Bandt was asked whether the Greens would be prepared to phase out the concessions over a longer period of time to prevent a mass sell-off of investment properties, which could send rents spiralling.We are willing to consider any ideas. This is part of the reason it would be good for the public service to start work on this now.But there is a much simpler solution than what Peter Dutton is proposing, which is just stop the corporations like Santos from dipping into the domestic markets to fulfil future contracts. Do that and you do not need to open new gas fields, which is what Peter Dutton wants to do.So what we’re saying is that we need to ensure that younger generations have the same chance at owning a home as previous generations have.How would we do it? We’ve got to really, I guess, defuse this timebomb in a way that is fair because there would be a lot of people who have one investment property. Continue reading...
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The shadow housing minister, Michael Sukkar, is keen to keep negative gearing for people on high incomes. Follow today’s news live
- Anywhere but Canberra: Australian voters on what matters to them
- Interactive guide to electorates in the Australian election
- Listen to the latest episode of our new narrative podcast series: Gina
- See all our Australian election 2025 coverage
- Get our afternoon election email, free app or daily news podcast
Bandt asked about housing and gas
Staying with the ABC where Adam Bandt was asked whether the Greens would be prepared to phase out the concessions over a longer period of time to prevent a mass sell-off of investment properties, which could send rents spiralling.
We are willing to consider any ideas. This is part of the reason it would be good for the public service to start work on this now.
But there is a much simpler solution than what Peter Dutton is proposing, which is just stop the corporations like Santos from dipping into the domestic markets to fulfil future contracts. Do that and you do not need to open new gas fields, which is what Peter Dutton wants to do.
So what we’re saying is that we need to ensure that younger generations have the same chance at owning a home as previous generations have.
How would we do it? We’ve got to really, I guess, defuse this timebomb in a way that is fair because there would be a lot of people who have one investment property. Continue reading...
