Former Property Boss Calls for Tax Curbs to Tackle Housing Crisis

The former property boss appointed to advise the government on the housing crisis, Susan Lloyd-Hurwitz, has expressed her support for restrictions on negative gearing and capital gains tax deductions. This stance places her in disagreement with the prime minister, who has ruled out reconsidering these policies that were discarded by the Labor party following their defeat in the 2019 election.

Lloyd-Hurwitz, who previously served as the CEO of the $9 billion property company Mirvac until February, believes that tax incentives for investors contribute to the escalation of housing prices. However, she clarified that her opinions do not represent the views of the National Housing Supply and Affordability Council.

Author: Mr.Oz

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