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FBAA to represent brokers on negative gearing

Reporter 1 minute read

The FBAA will today meet with a newly-formed national lobby group that plans to challenge the Labor Party’s proposed changes to negative gearing.

The Negative Gearing Action Group has been established by the directors of Property Investment Professionals of Australia, the nation’s peak body for property investors.

It will canvass industry stakeholders, including the FBAA, the Real Estate Institute of Australia and the Australian Bankers’ Association on the negative gearing issue.

FBAA chief executive Peter White will attend the initial meeting in Sydney today to outline the association’s views on Labor’s proposed negative gearing changes.

Mr White said the ALP's push for negative gearing reform distracts from the bigger hurdle of home ownership, which is “ridiculously high stamp duty costs and ongoing land restrictions”.

“We must stand as one and voice our major concerns about changes to the policy which just don’t stack up economically and will in fact worsen home affordability,” he said.

[Related: Experts predict effects of negative gearing removal]

FBAA to represent brokers on negative gearing
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