Negative Gearing Is For The Average Everyday Battler With Multiple Houses, Morrison Says

scott morrison negative gearing

Treasurer Scott Morrison has hit back at claims negative gearing is only for well-off people who own multiple houses, saying it is also for poor people who own multiple houses.

In a fiery speech to property industry professionals today, Mr Morrison said negative gearing was used by all sorts of people with a property portfolio.

“I know some people won’t agree with me, but they simply refuse to analyse the data. Take a look at any typical Aussie with a second, third, or fourth property – rich or poor – and chances are they’ll use negative gearing,” he said.

The Treasurer said most of the people he knew used negative gearing. “Even some of the backbenchers I know use negative gearing to offset the losses on their investment properties. It’s very widespread,” he said.

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