Starr Partners CEO Douglas Driscoll said Labor's plans to limit negative gearing to new apartments and house packages in the hopes of softening the market for first-home buyers may actually do more harm than good as properties are pushed more into the hands of foreign investors. A recent report from Chinese international property website Juwai.com said investors from China are motivated by their desire to get a bargain while the market is soft in Australia., reports Your Mortgage (14 February 2019).
