Labor’s housing tax changes will help cure our property addiction

PHOTO: Illustration: Dionne Gain

It seems a requirement of modern political scare campaigns that they be not only breathless, but logically inconsistent.

And so it is with the mounting fear campaign being waged against Labor’s policy to, if elected, reform the tax treatment of investment properties.

Labor’s changes would, we hear, both accelerate price falls under way in Sydney and Melbourne AND also choke the supply of new homes.

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