There has long been a debate about property pricing in Australia and in particular with respect to residential property. In October last year the independent think tank, The Grattan Institute , published a report that stated all options must be on the table in order to address the property pricing situation in Australia. A significant part of this strategic rethink challenged the sacred cow of negative gearing.
Saul Eslake in his submission to a senate inquiry, again raises the prospect of fundamental changes but goes one step further. He articulates what everyone has been thinking for so long but hasn’t been quite so direct .