So Boatboy if you and I had the same income and the same money...

So Boatboy if you and I had the same income and the same money and were both bidding for the same house, but you had an additional tax concession from the govt, you wouldn't be tempted to put in the extra grand to knock me out.

Pull the other mate.

90% of all negatively geared money goes into existing property, so its arrant nonsense to suggest that it doesn't distort the market.

PS Tax concessions for these incompetent investors who just keep losing money- $10 billion of yours (and mine) hard earned dollars.