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Property expert downplays Labor’s negative gearing attack

As seen in Smart Property Investment, Anna Porter downplays Labor’s negative gearing attack.

The article reads:

The extent of Labor’s proposal to remove negative gearing on new property is described by Anna Porter, property commentator, valuer and CEO of Suburbanite to be impacting 26 per cent of the property market, as this portion consists of the investors currently in the market today.

“Many of these investors are not the top-end of town and are really just mum-and-dad investors with only one property they are relying on to be a major part of the retirement plan or debt reduction strategy prior to retiring,” Ms Porter said.

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