I AM WARNING THE PRIME MINISTER! Don’t touch negative gearing

Send us Fan MailReal Estate Market Wrap.Let's have a look at the facts:  There are 8.5 million properties in Australia are investment properties, housing around one-third of the populationNearly 50% own just one property The profile of a typical investor is someone earning less than $100K a year; it’s the school teachers, firemen, plumbers, nursesIf the Government mucks around with negative gearing, those 8.5 million investment properties will be affected.We’ve got to look at Underquoting Laws. Ironically, it's the fair agents that quote the right figures that aren't getting buyers coming to the property. And agents who underquote get 8-10 people to an OFI and end up getting the property sold. We have an oversupply of listings across Australia and it’s the killer to capital growth.My Clearance Rate: 12/16 Properties SOLD