Plenty of people in this country have 2nd and 3rd (and beyond) properties positively geared. Some are of these are rented out to their children who are then left the property in their will. Win-win for these families. No CGT payable either, until/if the kids sell their house.
NG is less valuable than the climb in the house prices at a time when cash in a bank and often shares are the poorer investment alternatives.
The mismatch between demand and supply was blindingly obvious in the past couple of decades as to why property starred as an investment preference for the savvy. Forget NG.
