By General
Macquarie Bank, Australia's fifth-largest mortgage lender, has revealed its new approach to negative gearing following last week's Budget announcement. In what was one of the most controversial Budget's in a generation, Labor treasurer Jim Chalmers announced that negative gearing will be reserved only for new residential builds from July next year. Existing residential properties with negative gearing will be 'grandfathered', meaning they will not be affected going forward.
read more