Finance & Fury Podcast

Welcome Finance and Fury’s Furious Friday episode. Today we’re answering the question we asked on Wednesday about Labor’s polices and their promises to lower housing prices/increase affordability. If you haven’t checkout out the episode, it’s probably worth while just to go back and have a listen as it gives a bit of a background on the history of the Australian property market, why the price increases have been happening over the last 20 years, and some alternative ways to create a solution. Labor’s plans for housing affordability Increase financial stability, reduce homelessness and boosting jobs (this is mainly straight from their website). Both parties are running on similar issues here. They’ve done their demographic research, but they have different ways of doing things. What Labor have proposed (8 policies in total) A big ones - Reform on negative gearing and capital gains tax concessions Limit future negative gearing concessions to new housing – you will only be allowed to negatively gear on a new b