Myths Realities Pollies tell fibs about negative gearing

With negative gearing back on the popular political agenda in Australia, it is important that we remember the history of the issue. It has become part of Australian political folklore that former Australian Treasurer, Paul Keating, tried to abolish negative gearing in 1985 but failed because residential property investment levels fell and rents skyrocketed.
· When the boom has busted, prices have collapsed, vacancy rates are way up and rents have fallen even further. [SMH ]
· Deal? No Dill! [SMH ]