Friday, July 04, 2003

Deflation 2004AD Latham flags tax change, Crean knocks it down

The new shadow treasurer, Mark Latham, was in hot water on his first full day in the job after implying that Labor would review tax breaks for property investors.
· Only to have his leader appear to contradict him within hours [SMH ]
Home truths about the hazards of playing housie

IT'S downright un-Australian to suggest that negative gearing of dwellings is playing a role in squeezing some export industries out of business.
It's also taboo to point out that, because of the investment housing boom, Sydneysiders have the most expensive housing in the world, relative to their income.

· Melbourne and Brisbane are not far behind [Australian ]