http://www.macrobusiness.com.au/2013/09/missing-melbournes-poor-property-fundamentals/
Tax deductable ehhh....so what, its still a loss. Oh thats right you may get to reduce your loss by 33 cent in the dollar...whoopdedoo lol Its still a loss...
Your other comment makes no sense-if the 'investor' hadnt been holding the property their loss woudl be ZERO, and then you can look at opportunity costs of not investing elsewghere etc
Its a dead duck.
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