Special Report on
Negative Gearing in Australia
Negative Gearing in Australia - Trends
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was breathless with joy. ''IT'LL BE WORTH DOUBLE'', its headline screamed. ''Sydney is on the verge of becoming a city of suburban property millionaires as house prices soar,'' it frothed, ''in many cases, doubling in value over the next 10 years.'' In Perth, The Sunday Times was euphoric over similar predictions there. Here the Sunday Herald Sun was more restrained, but its figures showed a similar result. Even in Keilor, Reservoir and Upwey, median house prices in 2020 were forecast to reach $1.1 million. If that proves right - and these are just forecasts, done ...
The Australian Tax Office has released figures on the extent of negative gearing in Australia ahead of the Henry Tax Review. This is no accident. They are preparing the ground for Ken Henry’s changes. The picture drawn is not pretty: it shows the nation’s ‘aspirational’ landlords, heavily weighted with borrowings, perched on a twig, waiting for the tree to grow under them. Source: ATO The ATO says people earning between $30,000 and $75,000 represented the largest group of taxpayers who held property investments and they claimed $3.6 billion in losses. Given the general low level of ... Read More
SURVEY RESULTS FOR
NEGATIVE GEARING IN AUSTRALIA
All together now ~ We love negative gearing!!
Negative gearing is good!!