Australia's largest stock trading and investment forum Australia's #1 stock forum

and only 5% of those properties are new builds. So there goes...

First 448 Last

Share
Profile

Follow
Sidonicus1

7,445 Posts.

20

26/04/24

12:08

Post #: 73522478
Share

Originally posted by Tarvold: ↑

'According to the Australian Taxation Office (ATO), around 30% of Australians own an investment property with 40% of those being neutrally or positively geared. That means that 60% of investment properties are negatively geared.'
https://duotax.com.au/insights/positive-gearing/

60% of property investors are intentionally making a loss making investment!
If that isn't the clearest indicator that NG should be scrapped I don't know what is?

Expand

and only 5% of those properties are new builds. So there goes the myth that it adds to housing stock.
2 Upvote

Reply

There are more pages in this discussion • 354 more messages in this thread...

First 448 Last

SPONSORED BY