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PHOTO: First home buyers
It’s a policy Labor promised would make housing affordable for younger generations — but not all the Millennials trying to claw their way into the property market are a fan of the ALP’s proposed negative gearing reforms.
Sisters Brooke and Jade Miller are fresh off buying their first home in the Penrith area and claim cuts to negative gearing would be “devastating”.
The pair are planning to put their home up for rent next year to help take the sting off their repayments for a while, but the removal of the concession would make a significant dent in their finances.
“We work hard. We were hoping negative gearing would give us a leg up into the market,” older sister Brooke said.
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