this post was submitted on 25 Sep 2024

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Property investors fear forced sales under negative gearing changes | SMH (web.archive.org)

submitted 1 month ago* (last edited 1 month ago) by zero_gravitas to c/australianpolitics

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Original URL: https://www.smh.com.au/national/property-investors-fear-forced-sales-under-negative-gearing-changes-20240925-p5kdju.html
archive.is snapshot: https://archive.is/y99nH

The corporate media wasting no time on the fear campaign...

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[–] [email protected] 7 points 1 month ago (1 children)

So this guy is paying $500/mo for this property over the income it generates and the only reason this works out is negative gearing? I have a hard time believing he's not at least breaking even on rent charged over a mortgage, he's not telling the whole story there, or he grossly overpaid for the property.

[–] zero_gravitas 4 points 1 month ago* (last edited 1 month ago) (1 children)

I'm wondering where on earth he's getting the "$70,000 loss" figure from. House prices in Sydney are not down from 2017...

[–] TheHolm 1 points 1 month ago

Look how much any maintenance/repairs costs now. It may be true.