RBA: limits on negative gearing would be good for the economy
by Gareth Hutchens from on (#1D54C)
Central bank officials see problems arising from 'leverage speculation', a document released under freedom of information shows
Reserve Bank officials have become unwitting players in the 2016 federal election after a freedom of information request revealed that they believe any policy which discourages negative gearing may be good for Australia's financial stability.
The revelation contradicts the dire warnings of the Turnbull government that any changes to negative gearing would destroy confidence in the economy and send house prices plummeting.
Related: How negative gearing replaced the great Australian dream and distorted the economy | Greg Jericho
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