{"id":215,"date":"2018-10-25T05:47:53","date_gmt":"2018-10-25T05:47:53","guid":{"rendered":"http:\/\/www.16news.com.au\/?p=215"},"modified":"2018-10-25T05:47:53","modified_gmt":"2018-10-25T05:47:53","slug":"labors-hit-to-the-property-market-exposed","status":"publish","type":"post","link":"http:\/\/www.16news.com.au\/index.php\/2018\/10\/25\/labors-hit-to-the-property-market-exposed\/","title":{"rendered":"Labor&#039;s hit to the property market exposed"},"content":{"rendered":"<p>New analysis has confirmed that Labor\u2019s property tax will damage Australia\u2019s property market and broader economy.<br \/>\nIndependent economic modelling commissioned by the Master Builders Association (MBA) has confirmed that new builds will slow, jobs will be lost and billions drained from the economy under Labor\u2019s property tax.<br \/>\nThe MBA found that by raising taxes on housing over five years, Labor\u2019s policies could result in up to 42,000 fewer new dwellings being built, 32,000 less full time jobs and an $11.8 billion drop in building activity.<br \/>\nThe\u00a0<strong>MBA<\/strong>\u00a0report joins a growing list of experts saying that Labor\u2019s policies would have a significant impact on Australia\u2019s economy and property market, particularly at a time when the housing marking is softening.<br \/>\n<strong>RiskWise<\/strong>\u00a0warned that median house prices in New South Wales and Victoria could fall about 9 per cent,\u00a0<strong>Citi\u2019s<\/strong>\u00a0research found Labor\u2019s policy could \u201caccelerate the cyclical weaknesses in housing prices\u201d and\u00a0<strong>Standard and Poor\u2019s<\/strong>\u00a0warned of the consequences of falling house prices on the broader economy.<br \/>\nLabor\u2019s property tax will punish not only the 1.3 million Australians who negative gear, but every Australian with equity in their home.<br \/>\nBill Shorten must admit he got this one wrong and ditch his ill-conceived property tax plan.<br \/>\nWith Australia\u2019s housing market cooling over 12 consecutive months in our capital cities, this is the worst possible time for Labor to push its property tax.<br \/>\nUnder Labor you will always pay more with its $200 billion in extra taxes whether it be on your earnings, savings, housing or retirement.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New analysis has confirmed that Labor\u2019s property tax will damage Australia\u2019s property market and broader economy. Independent economic modelling commissioned by the Master Builders Association (MBA) has confirmed that new builds will slow, jobs will be lost and billions drained from the economy under Labor\u2019s property tax. The MBA found that by raising taxes on &hellip; <a href=\"http:\/\/www.16news.com.au\/index.php\/2018\/10\/25\/labors-hit-to-the-property-market-exposed\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Labor&#039;s hit to the property market exposed&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-215","post","type-post","status-publish","format-standard","hentry","category-aussie"],"_links":{"self":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts\/215","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/comments?post=215"}],"version-history":[{"count":0,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts\/215\/revisions"}],"wp:attachment":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/media?parent=215"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/categories?post=215"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/tags?post=215"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}