Video: How did the Australian housing market get so bad

Is it all negative gearing’s fault? This easy to understand explainer informs how, since the time of John Howard, this, combined with the capital gains tax offsets provided big profits for housing rental property investors, which helped fuel upward spiralling prices.

As the narrator Matilda Bosely says, “There’s a lot of debate about why and how Australia’s housing market has become the garbage fire it is today, with many accusations being hurled at one particular suspect: negative gearing. But while negative gearing is certainly a factor, it doesn’t deserve all the blame…negative gearing is just the garbage, which needed a lit match to set it alight.

Video from The Guardian

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