negative gearing

"The Affordable Housing Party: the single issue party dedicated to solving Australia's housing affordability crisis. Australians are now living with some of the most unaffordable housing in the world, but it doesn't have to be this way! Obscene tax incentives to invest in property. Our lawmakers profit from the status quo. We opened up our housing market to investors all over the world. Australia's rapid population growth. Home buyers are paying too much to try to compete with investors. This can't go on forever!" Former journalist, Andrew Potts, Sydney, registered the Affordable Housing Party (AHP) with the Australian Electoral Commission earlier this month. Policies include: Phasing out negative gearing and capital gains discount on investment property sales; Stopping overseas buyers from buying Australian properties; Taxing properties left empty by investors; Cutting down immigration to 70,000 annually; Banning full time Airbnb properties; Ending “no fault” evictions for rental properties. Facebook page is https://www.facebook.com/AffordableHousingParty/

At first glance The Australian Greens’ announcement that they would abolish the negative gearing ₁  tax break, in a bid to increase government revenue through increased taxation and improve homelessness and housing affordability looks like the right move. I have, however a few questions about this.