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27/10/24

18:44

Post #: 76323807
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Originally posted by Forged: ↑

I’m not selling, but will buy more overtime

1) Because mine is positively geared & I can claim building depreciation.
2) Because house price always go up long term (unending RBA money printing = toilet paper AUD currency)
3) Because inflation will make appreciating hard assets (land & gold) owners richer.
4) Because demographic, population growth & migration rate is very strong. Less supply , excessive demand.
5) Because I already fully owned my PPOR… need to park my extra money elsewhere.

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Also remember when you use equity from properties it's tax free money. That's how the wealthy don't pay tax.!
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