Christine Milne (Tasmania, Australian Greens) Share this | Hansard source

asked the Minister representing the Treasurer, upon notice, on 1 November 2011:

In regard to the debate on impact of negative gearing on the housing market at the recent Tax Forum:

(1) Did the temporary suspension of negative gearing during the Keating Government lead to an increase in rents across the country.

90 No. 60—1 November 2011

(2) What proportion of negatively geared properties are newly constructed rather than existing properties.

(3) Would the abolition of negative gearing lead to an ongoing decrease in the rate of return on investment property, or just a one-off fall in prices, and does the department have any estimate of the size of any price fall.

(4) Do any overseas countries allow negative gearing; if so, can a list be provided describing any relevant differences to the Australian situation.