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The Guardian - AU
The Guardian - AU
National
Benita Kolovos Victorian state correspondent

Liberals should become ‘party for first home buyers’ and cap negative gearing, former MP says

New houses and land for sale at a housing development
A former Liberal MP is calling for negative gearing to be capped at one existing property and five new builds per investor in order to boost housing supply. Photograph: Joel Carrett/AAP

The former federal Liberal MP Keith Wolahan has proposed capping negative gearing at one established property and five new builds, in a move he says would boost housing supply and help first home buyers.

In an essay titled Liberal Foundations, published on Monday in Inflection Points, Wolahan argues his party has lost more ground to Labor than to teal independents in multicultural and outer suburban seats.

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