The Project interviews Catherine Cashmore


22/05/2017

Catherine Cashmore appears on Channel 10s The Project to discuss the attack-mode campaign by the property lobby on those aiming to reform the capital gains tax discount and negative gearing. 

On Friday May the 13th the entire real estate industry launched into full attack-mode against those willing to reform negative gearing and the capital gains tax discount. The ALP and the Greens have both announced reforms targeting the subsidy to landed interests.

That night Channel 10’s The Project sought to find a representative to discuss their campaign. Their media advisors must have warned the twenty plus PR experts representing the Real Estate Institute of Australia, their state bodies, the Property Council and the dozen major real estate agencies that this TV show had recently produced a segment slamming negative gearing. The Project’s piece received half a million views within days on the Facebook video alone.

An alternative view is that the real estate lobby were still out celebrating their long Friday lunch in the knowledge that land prices had risen $525 billion in the last financial year.

Prosper Australia’s Catherine Cashmore stepped into the breech to dissect this naked self-interest with gusto. It is compelling viewing.

The real estate lobby’s scare campaign website entails a comment debate that is a site to behold. In a sign of just how far the debate has come since we started calling for NG on ‘new home builds only’ back in 2003.

Chime in! Leith van Onselen shoots down the lobby’s ‘facts’ in Real estate locusts invade your mailbox.

Quarantining NG to new home builds only will certainly increase supply. It will also curtail demand for existing homes. Those that buy at more affordable prices will reduce pressure for the rental market, and enjoy more discretionary spending power. For too long investors have been able to outbid home buyers in the knowledge future expected capital gains AND the negative gearing write off will bail out their investment decision.

 


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About Catherine

Catherine Cashmore

Director

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Catherine Cashmore has been working in the Australian real estate market for over 14 years. As a buyer advocate, she has assisted hundreds of Australian home buyers and investors to secure quality real estate for the best possible price. Originally from the UK, and having lived in the US, Catherine is a seasoned traveller who has extensive experience across a range of international real estate markets for those interested in property investment overseas.. 

As President of Australia's oldest economics organisation, Prosper Australia, Catherine is a regular and highly respected media commentator and often called upon to give guest lectures to university students (including RMIT and Sydney University) on how tax policy affects real estate, the design of cities and the economy.

She is editor of Port Philip Publishing’s 'Cycles, Trends, & Forecasts' – a publication that teaches real estate investors about the land cycle and its effects on the economy. She is author of ‘Speculative Vacancies’, the only study in the world that analyses long term vacant housing based on water usage data (Melbourne focused). As such Catherine has an in depth knowledge of the Australian real estate market, few can rival.

You can contact Catherine directly on 0458 143 089 or at cc@cashmoreco.com.au

 

 

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