Labor's negative gearing reforms to strangle new construction, Master Builders Australia research warns

Labor's controversial policies ahead of next year's election to end negative gearing for the purchases of existing homes would harm the construction of new dwellings, research by Master Builders Australia warns. 

Commissioned modelling by Cadence Economics predicts a $11.8 billion hit to building activity and 32,000 fewer jobs. Labor has slammed the findings as "flawed" and says the modelling fails to take into account that under its policy, negative gearing on existing property investments will be grandfathered. 

I speak with MBA chief executive Denita Wawn