Greens Leader Adam Bandt has lashed out at wealthy property investors pushing first home buyers out of the market, vowing to make negative gearing and Capital Gains Tax (CGT) discount reform priorities in a minority government.
“If you want to buy more than two investment properties, that’s your prerogative,” said Bandt at the National Press Club today.
“But you shouldn’t expect a giant government check to help you buy your third, fourth, or 15th house, while millions have none.”
Saying that, the Greens said they would protect the ‘mum and dad’ investors who currently have one property, allowing them to keep existing negative gearing and CGT discount benefits.
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