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Property investment expert busts 'myths' about negative gearing

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Julia Corderoy | 22 Oct 2014, 08:16 AM Agree 0
An industry expert has endeavoured to bust some common 'myths' about negative gearing and property investment
  • Incognito | 22 Oct 2014, 09:31 AM Agree 0
    Here we go..

    There will be ads on TV soon defending the elephant in the room.

    Like warm and fuzzy Clubs caring about problem gamblers (or the minerals council rescuing puppies or something).

    House prices are being distorted by the tax rules.
  • Bottom Line | 22 Oct 2014, 10:04 AM Agree 0
    A good article.
    See how the property market goes without negative would send us back to government built housing to house our citizens - and this requires more taxation to build & upkeep. It was the reason they had to bring negative gearing in in the first stop the drain on taxpayer dollars to build rental housing.
  • Saul says | 22 Oct 2014, 11:50 AM Agree 0
    Negative gearing only on new houses.

    Watch the money flow into the supply side of the problem.
  • EF | 22 Oct 2014, 12:36 PM Agree 0
    Negative gear should only be applied to new properties.

    Or else, how can it increase the dwelling supply?
  • Natasha Boehm | 22 Oct 2014, 02:23 PM Agree 0
    The comparison with other major cities that do not have negative gearing is spot on. Australia's growing urban population is driven by desirability to have and maintain the lifestyle for everything that cities have to offer. It's more likely that Sydney and other major cities will draw even more renters (and even perpetual renters) and homebuyers who are willing to pay high cost of housing, like many big cities around the world. If negative gearing is good for rental market, it only helps to increase the supply of much needed housing.
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