Potential investors looking into buying houses for sale in Caboolture could be enthused to hear the latest news from the Housing Industry Association (HIA), which highlighted the benefits of negative gearing for Australia's property market. The report indicates that restricting negative gearing stifles the property market – leading to reduced investment, a loss of affordability and an overall upward pressure on rents.
HIA Managing Director Shane Goodwin said that widespread discouragement of negative gearing would lead to the reduced efficiency of the market, with drops in equity expected nationwide.
"New housing is one of the most highly taxed sectors in the economy, and the removal of negative gearing would only make that situation worse and discourage investment. This would in turn reduce housing supply and increase the cost of renting," said Mr Goodwin in a 22 September statement.
By encouraging private investment in the market, negative gearing helps boost the nation's economy as well – providing new sources of accommodation and relieving pressure on social housing across the country.
Now could be a great time to consider buying your own investment property in Caboolture, as Queensland continues to move from strength to strength.