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Sky News Australia

Sky News Australia

6,230,000 subscribers

👁 11,289 views

PM explains reasoning for not limiting negative gearing to one property

Video Overview & Insights

Prime Minister Anthony Albanese claims the government’s decision to not cap negative gearing to one property was based on supply.

2:00 but that’s not allowed under the current tax laws? It goes off the purpose of debt? Does he not know how it works what he’s pushing to change?

— @HaleyDanielOdie

“We very consciously have a policy of new builds because that’s what drives supply,” Mr Albanese told Sky News Political Editor Andrew Clennell.

U have enough of rotting. No more rotting our money. Give us our money back!!!!!we will not vote for any party who favours clear unfair policies. Whatever f u say, we will win because we r the biggest voter group. P f rioddddd.

— @test-kt4tk

More User Perspectives

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This guy doesnt even know how negative gearing works.

@markbuhmann430
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FIRE THE LIAR

@YTGhostCensorshipCanSuckMe
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albo the liar .. the only thing transparent are your lies piss off

@xxxtoecutterxxx
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Lets remove distortion to University admission, make things accessible, so anyone with low ATAR or UCAT scores, can borrow that from hard working smart people and get into medicine, engineering so we build the future workforce. Please dont limit that to smart people and hard workers, let's be fair. I will let Albo live in homes built by such engineers, treated by doctors qualifying under uniform access rules...PUNISHING HARD WORK & SMARTNESS is good for also and his cronies..its not just about housing, why not professions etc etc.. even votes, get it from one nation and put it to labor so they can sit and ruin the country completely. Ridiculous PM...and his cronies

@Saggi2025
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The current crop of ALP politicians are talentless halfwits

@MonsterConjurer
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Because Albo owns multiple properties. Tony 'lefty' Bourk owns 7.

@MonsterConjurer
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This so called PM lies a lot.

@alexr1150
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Maggot go get a speech therapist I can't fkn stand you .😡😈😈

@annstevenson9485
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It’s a “fact “ that we are sick of you!!! You’ve wrecked the place! Go away, go live in Philippines its full of corrupt pricks like you!!!

@Shirley-hr8tx
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He’s an absolute filthy liar!!!!

@Shirley-hr8tx
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We need to get rid of this idiot everybody!!! He’s an embarrassment to Australia!!!! Only the immigrants will suck up his backside!!!

@Shirley-hr8tx
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They probably will limit negative gearing to one property.. or eliminate it altogether.. just not right now. Maybe in a couple years. Gradually limit to 3 then 2 then none.

@joshuakzy7472
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Such a lair

@Varan8
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The comment Albanese made about Andrew Clennelll you being paid too much is value for money.
Albanese would literally shit his self if Andrew Clennell was opposition leader.

@DavidWarby-g6v
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No change bull
2027-2028 the 30% tax up front applies to the grandfathered homes

@MichaelHal-m5j
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Inside trader albo
Sells his $5 million properties before budget night
That's illegal and should be arrested

@MichaelHal-m5j
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Part of the problem with taxing all these investments is not so much the taking of the money, as unfair as it is, but its the wasteful things government do with it when they spend it.
He puts his hands in your pocket, and then whizzes it up the wall while berating anyone else in politics with actual good ideas.
Tax reform? How about spending reform for his gravy train.

@shank2340
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Fire The Liar

@Beaudiggity
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How about giving a better form of negative gearing for new homes and reducing for older rather than removing all together.

@ebok33643
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Another utterly pointless BS interview about a "soft subject"" conducted by one of Albo's "approved" Sky bum boys

@beachfront1960
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Fkn liar

@raycarson5794
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There is a BIG change to everyone in the room.. we went without holidays and new cars to invest and now we don't get CGT as you changed the rules of the game.. I made my decision with this in mind and now I wish I was older and had the rules you had Albo...

@Hoooooooops
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I cant stand this piss weak worm. Just looking at him makes my blood boil. Same as stammer. Both are cutt from the same turd.

@phillipkoch5751
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What a pathetic waste of skin that man is.. zero confidence in this government’s ability to manage this country, it’s time to give Albo the elbow.

@MrAtko72
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Im glad you can change your position mid term but the voter who placed you there must wait years to change their position.

@WarwickkkT101
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Just an outright liar!! He’s protecting himself and his polly mates! What a scum bag!! Come on One Nation. Supply will be fixed by stopping immigration.

@davidWilliams-e2y
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he literally said nothing, the senate question times are more helpful than listening to this twat.

@davidfarrell8006
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Voting One Nation!
This guy just lies, lies, lies and just keeps going with even more lies.

@patveldhoven4919
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SHIT LYING COMMUNIST WEF GLOBALIST PRIME MINISTER.

@pomaze1
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What a bull..

@pixarnemo4498
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Negative gearing makes sense when there is capital growth. Even when grandfathered if the capital is going backwards, it is still a loss even if reduced. Math 101

@saipavan1156
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He’s a disgusting, vile human. A complete moron.The worst prime minister in our history. He hates white Australians it’s that simple. His only focus is on fooling the rainbow groups and bringing in foreign votes.

@Crypticcryptoqueen
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Albaneshheee pwomeesshhhed cheeepa elekwishhitty and changed hissshh posshheeet'n' 😂🤡🤡

@Peter-p5u8t
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I will never believe him ever again 😠 He just can’t be trusted 😡

@PhillipAmato
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Albanese suffers from deep resentment of people with more money than him. Just a poor boy all his life (who has lived off the govt taxpayer) he is determined to make those "rich bastards pay it seems. Get over it Albo.

@edmurks236
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Seems Albo is a slippery snake oil salesman as ever " inquires about new property"are not wealth investment ! . "I respect people?" Except not the Australian people, remember Albo said everyone must vote for the voice which Failed !(but they will bring it in anyway) gutlessly introduced tax changes after the election.etc etc etc
Smugly grinning and waving a medicare card. Hows that working out? Hows the social housing working out?How about AUKUS?

Who cares about the past Albanese get some reality in the present, times have changed!!! But greedy lying spend mad labor govt has not!
Seems ignorance incompetence corruption graft frauds in govt are rampant, Unions, Islamic funding, Aboriginal funding, NDIS, immigration, aged care providers, child care providers, AUKUS, increased woke education/ real education declining badly, Universities downgraded,
Labor /Albo has no idea whats going on, just smugly arrogantly smiles and lies. Always the denial, the evasion, the slight of hand, the cover ups , the secrecy, re immigration, tax changes, etc etc etc all indicates a govt arrogantly out of control.....
(Labor ALWAYS lying before the elections and conning the people..)

@edmurks236
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Worst leader in Australian history. This antisemite passenger has to go.

@Chrisplumbgas
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Between 2022 and 2024 Albo sold off several properties, knowing that he was going to do this. Is this not insider trading?

@darrenashley126
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$ 275

@JohnQuinlan-s8y
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LABOR LIES

@JohnQuinlan-s8y
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No change he says he lies, after the 1/7/27 people with older investments will lose their 50% CGT discount, and have to go on the index system loosing
Tens of thousands of dollars. He changed the goal post, these people most will sell, less rentals which will be a Hugh problem.

@SueMccorkell
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I'msafe I only have 2 properties now but some of my money grabing Minsters have up to 7 so I have to protect them.

@richardtravers8772
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ITS TIME to get rid of Labor

@SamuelHunt-g1t
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I can continue milking the system and getting taxpayers to pay for my “losses”. Young people cant.

- Albo

@AusRafael
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Albo...from a person who has studied tax law for 35 years, you seem to have very limited knowledge of negative gearing and CGT. This is not a very well thought out budget, nor did you collaborate with the people that you serve. If you have any respect for the Australian public, then put this to an election. This is the very reason why you were chosen to lead...do the right thing for all our sakes.

@samcuttone1951
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His explanation is full of Lies Lied Lies😂😂😂

@doraiish
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Can’t even get a coherent sentence out of this buffoon.

@tappd4114