Radicalized Real Estate Agents and the Rise and Resilience of the Australian Policy for Real Estate Carry
This is a book about policy change that focusses on a single case study: the rise and resilience of the Australian policy for Real Estate Carry.

The text tracks investments of meaning and identity in the Australian policies for Negative Gearing (1987) and the Capital Gains Tax Discount (1999), through which successive federal governments inadvertently created scope for a dangerous and inefficient Real Estate Carry Trade in the housing sector that has proven resilient to reform for a quarter century. Considering that Carry Trades inevitably create the conditions for their own collapse, the historical failure of Australian governments to achieve policy change is a serious issue for the country going forward. As they attempt to make their housing sector more stable, sustainable and equitable, Australian people may need to prepare for potentially dramatic changes to their economic and monetary system. The book also raises important implications for understanding the nature and workings of policy change in Australian politics and beyond. It is a valuable resource for scholars and students of political theory, public policy and Australian politics as well as policy practitioners, third sector groups and political parties interested in Australian and international housing policy.

1147286369
Radicalized Real Estate Agents and the Rise and Resilience of the Australian Policy for Real Estate Carry
This is a book about policy change that focusses on a single case study: the rise and resilience of the Australian policy for Real Estate Carry.

The text tracks investments of meaning and identity in the Australian policies for Negative Gearing (1987) and the Capital Gains Tax Discount (1999), through which successive federal governments inadvertently created scope for a dangerous and inefficient Real Estate Carry Trade in the housing sector that has proven resilient to reform for a quarter century. Considering that Carry Trades inevitably create the conditions for their own collapse, the historical failure of Australian governments to achieve policy change is a serious issue for the country going forward. As they attempt to make their housing sector more stable, sustainable and equitable, Australian people may need to prepare for potentially dramatic changes to their economic and monetary system. The book also raises important implications for understanding the nature and workings of policy change in Australian politics and beyond. It is a valuable resource for scholars and students of political theory, public policy and Australian politics as well as policy practitioners, third sector groups and political parties interested in Australian and international housing policy.

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Radicalized Real Estate Agents and the Rise and Resilience of the Australian Policy for Real Estate Carry

Radicalized Real Estate Agents and the Rise and Resilience of the Australian Policy for Real Estate Carry

by John S. F. Wright
Radicalized Real Estate Agents and the Rise and Resilience of the Australian Policy for Real Estate Carry

Radicalized Real Estate Agents and the Rise and Resilience of the Australian Policy for Real Estate Carry

by John S. F. Wright

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Overview

This is a book about policy change that focusses on a single case study: the rise and resilience of the Australian policy for Real Estate Carry.

The text tracks investments of meaning and identity in the Australian policies for Negative Gearing (1987) and the Capital Gains Tax Discount (1999), through which successive federal governments inadvertently created scope for a dangerous and inefficient Real Estate Carry Trade in the housing sector that has proven resilient to reform for a quarter century. Considering that Carry Trades inevitably create the conditions for their own collapse, the historical failure of Australian governments to achieve policy change is a serious issue for the country going forward. As they attempt to make their housing sector more stable, sustainable and equitable, Australian people may need to prepare for potentially dramatic changes to their economic and monetary system. The book also raises important implications for understanding the nature and workings of policy change in Australian politics and beyond. It is a valuable resource for scholars and students of political theory, public policy and Australian politics as well as policy practitioners, third sector groups and political parties interested in Australian and international housing policy.


Product Details

ISBN-13: 9781041031451
Publisher: Taylor & Francis
Publication date: 08/21/2025
Series: Routledge Studies in Governance and Public Policy
Pages: 222
Product dimensions: 6.12(w) x 9.19(h) x (d)

About the Author

John S. F. Wright is an Associate Professor at the Institute for Public Policy and Governance, University of Technology Sydney, Australia.

Table of Contents

Introduction

1. What is Policy Change and the Failure to Achieve it?

2. The Dislocatory Movement and Means for Clarifying Identity and Meaning in Policy Regimes

3. The Tax Reform Period (1984–1987)

4. The Capital Gains Period (1996–2007)

5. The Policy Reform Period (2015–2019)

6. The Simulated Reform Period (2019–2024)

Conclusion

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