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With possible changes to negative gearing and the capital tax discount threatening the portfolios of many Australian investors, president of the Real Estate Institute of Australia Malcolm Gunning joins host Phil Tarrant to share his thoughts on the longevity of negative gearing should we see a Labor government in power.
Malcolm unpacks the role of the REIA as an advocate for everyone in real estate, including investors, shares details of his face-to-face chat with Bill Shorten about negative gearing and capital gains tax and discusses why he believes that Australia needs a minister for property at both a federal and state level.
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Capital refers to the financial resources that are available to be used for income generation.
Negative gearing occurs when the rental income of a property is not enough to cover the total costs of managing the rental and re-paying the interest portion of the loan.