best places to buy property in melbourne, page-60

re: best place to buy property Like I said I dont think they will scrap negative gearing altogether but Im betting they make some changes.
Costello doesnt like any money having to be paid out.

I think a reduction in negative gearing would be a healthy thing, sure property prices will fall a fair amount but it will make the market more realistic and fairly priced.
My guess is we'll see the government only let you claim half of your gearing and maybe possibly in the future no negative gearing at all but other expenses can be claimed that dont involve interest, eg carpets ,rates etc.
The only people who think negative gearing is good are those who are doing it and reducing tax payable, maybe 5-10% of the population so why should we all have to cover those peoples losses.
If you are stupid enough to buy something where the outgoings are more that the incomings well thats your problem.

The govt will realise that the longer they take to make this move the more they stand to lose and if interest rates were to keep rising it will cost them even more.

Yes your property prices will crash and yes rent may rise a little but it wont rise all that much in my opinion

I say scrap negative gearing costello!!