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@aussie.zone to c/australianpolitics@aussie.zone
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The corporate media wasting no time on the fear campaign...

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[–] jonne@infosec.pub 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@aussie.zone 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@aussie.zone 1 points 1 month ago

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