Property Investor Political Journos Slam CGT Changes As A Cruel Attack On Aussie Battlers

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With the media cycle continuing to oscillate between the ISIS brides and the nation's current immigration policies, one particular issue on the periphery is getting limited but relatively similar treatment across the board.

As repeat claims about immigration causing the housing crisis by noise merchants seeking to capitalise on people's discontent for their own personal gains begin to just be taken for granted by many - one legitimate, discernible and concrete factor behind the housing crisis has received a slightly different treatment.

The Capital Gains Tax Concession has made headlines recently, after the Treasurer of a 94 seat federal government that has the mandate to do whatever they want, flirted with the idea of maybe tweaking the CGT concession for property investors.

That little dabble in the policy arena is assumed to be a testing of the waters, with a potential chance to tackle negative gearing - the other major policy driver of the housing crisis.

The CGT concessions allow investors to receive a 50% discount on the profit made from the sale of a property, if they hold it for more than twelve months.

Along with negative gearing, the CGT exemption has been one of major tax concessions for property investors and one of the fundamental causes for the housing crisis - which has come as the result of turning people's human rights into an investment portfolio.

While the removal of those concessions seems like a no brainer to a growing class of people who fear they'll never own a home - many in the media class - who may or may not own a significant amount of property - are seeking to portray the changes as a blatant attack on the everyday working class battler.

"Mate it's disgraceful," said Andrew Yulemann, the Chief Political Reporter at The Betoota Bugle.

"It's an attack on aspirational every day Australians who seek to utilise their capital to appreciate at a rapid rate courtesy of a growing number of people not being able to afford a roof over their heads."

"And we need to make people feel scared and threatened that the government is taking money out of their pockets."

"Which is why I will be using as much emotive language as possible to frame this as a big scary issue that won't be putting 10s of billions a year back into the public coffers and slowing down the fucked up rate of appreciation of real estate."

More to come.