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Although the election campaign may be yet to ignite the excitement of the electorate at large, the battlelines between the major parties are emerging. There’ll be a brief respite from campaigning during the Easter and ANZAC Day period, before campaigning will resume with gusto.

The impact and cost of personal income taxes, taxes on super and the economic impact of climate change policy have been some of the main contests this week. For the property industry, the key issue from the past week has been the debate around the ALP’s assumptions for its negative gearing and capital gains tax policy.

Labor has argued that keeping negative gearing for newly-constructed property will boost new housing construction and improve affordability.  However, it has been challenged over its numbers used to cost the policy, with the take-up of negative gearing for newly-constructed property generally believed to be much higher than the figures used in their original policy document.  An updated fact sheet on Labor’s housing affordability measures has been posted online, which makes no changes to its policy design, although some of the numbers used in its earlier housing policy paper have been removed.

As always, the real election contest is in those seats which are held by either party with slender margins. Most of the infrastructure projects that have been announced so far reflect these marginal seat priorities. The big, nation-building or city-shaping initiatives for the campaign are yet to emerge.

You can continue follow our election-related commentary on our campaign site.

Below are the key announcements over the last week.

KEN MORRISON

Chief Executive
Property Council of Australia
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