How can we help, real estate agents ask PM

Real estate agents and mortgage brokers have asked Prime Minister Scott Morrison how they can help him win the election.

Prime Minister Scott Morrison campaigning in Western Australia.

Real estate agents at a forum in Perth offered their help to Scott Morrison to win the election. (AAP)

Worried mortgage brokers and real estate agents have asked Scott Morrison what they can do to help him win the election.

Labor leader Bill Shorten has promised to wind back negative gearing concessions and make changes to capital gains tax, causing a backlash in the property industry.

In a forum with Attorney-General Christian Porter in the West Australian seat of Pearce, Mr Morrison heard from "upset" real estate agents.

One mortgage broker asked what the room could do to help Mr Morrison win the election.

"Tell your customers, tell your friends, vote for Christian Porter," Mr Morrison replied on Tuesday.

Mr Morrison said 320,000 people in WA depend on the property industry for work.

"We're not changing the arrangement for mortgage brokers," he said.

A real estate agent railed passionately against Labor's policies.

"The problem we have with this negative gearing is it's going to kill the goose that laid the golden egg," he said.

"I'm upset."

Under a Labor government, properties that are currently negatively geared would remain so, but negative gearing would only be allowed on newly built properties.

Labor says this will stop wealthy property investors from pricing out first-home buyers looking to buy established homes.


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Source: AAP


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How can we help, real estate agents ask PM | SBS News