Australia must reform its negative leverage now more than ever because homes can not be affected by & # 39; significantly.
This is the argument of the think tank industry McKell Institute, a new study found that housing is less affordable now than it was during the peak of the boom.
In 2015, a similar report came McKell urges Australia to reform the negative leverage policies. At that time, the telephone & # 39; McKell received feedback from many experts said they do well run rents and reduce prices.
However, the new report said that the reforms of the negative leverage in the current decline in housing are f & # 39; untimely because despite the decline, the housing prices in & # 39; Sydney, for example , remain unattained for $ 945 000.
Another reason is the growing gap between housing costs and income, which appears in all capital cities except in & # 39; Perth and Darwin.
"In 2015, the median price of homes & # 39; & # 39 Sydney was; 16.9 times the average income, today is 17.2 times the average income", said the report The Guardian. "In most of the measures, housing is less affordable now at & # 39; Sydney and other capital – such as Melbourne and Canberra – than in 2015."
Moreover, McKell argued that although the number decreased & # 39; taxpayers claiming losses & # 39; lease, the boost in interest rates resulted in & # 39; & # 39 increase, $ 1.6 billion in tax expenditures Commonwealth & # 39; $ 1.6 billion.
The executive director & # 39; McKell Institute, Sam Crosby, stated that the arguments against the negative leverage reforms are wrong.
"The use of day mood to run campaign & # 39; awesome & # 39; against reasoned reform and long-term is exactly the kind of & # 39; people who are tired and politicians of sleep people, "said Crosby.
F & # 39; previous reports, the director & # 39; Louis Christopher SQM Research said that the Labor Party proposed revising negative equipment only prolongs the current collapse of the housing market.
"Often, implementation & # 39; these changes (for negative promotion) while decreasing in housing is very risky and can & # 39; bring & # 39; economy in & # 39; recession," said Christopher.