Prime Minister Anthony Albanese on negative gearing.

Fix housing crisis by reducing capital gains

The product of the decision was the creation of a Ponzi scheme where the fastest way to a quick buck was through capital gains on housing. House prices are now more than 10 times the average annual earnings. This investment in housing was not for income from rent but capital gain,and the tax advantages it provides.

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Politics

Gareth Ward has denied being drunk and in his underwear when he showed up at parliament in the early hours of the morning in July.

MP denies being drunk and in underwear outside parliament at 4am

Gareth Ward,a former Liberal Party minister turned independent,said he had come to parliament in the early hours of July 21 after locking himself out of his apartment.

  • byMichael McGowan
Premier Chris Minns has announced the second tranche of his government’s land audit.

The next Sydney sites in line for more housing revealed

About 1100 new homes will be delivered across surplus public land in Sydney and Newcastle as part of the Labor government’s land audit.

  • byMax Maddison

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