Greens demand PM take axe to negative gearing

Despite the Prime Minister’s protestations that he won’t “do deals” with the Greens the reality is he may need them if there’s a minority government.

Now the Greens have named their price and it could send shockwaves through the campaign.

“This reform has always been urgent, but the threat of a Trump-fuelled attack on Australian renters and first-home buyers in the next few months now makes this a matter of housing life and death,” Mr Bandt said.

In a major speech at the national press club on Wednesday, Mr Bandt will say that wealthy investors spooked by Trump (could) leave stocks and shares and “pile into property, pushing house prices into the stratosphere”.

The Greens will urge Mr Albanese to “grandfather” and limit negative gearing and the 50 per cent CGT discount to one investment property.

Investors would retain existing negative gearing and CGT discount benefits for a sole investme...
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