Property investors fear forced sales under negative gearing changes | SMH
Property investors fear forced sales under negative gearing changes | SMH
Sydney architect Chirayu Shah says he and his wife could be to forced sell their home at a loss and unable to offer their children housing security down the track.
- 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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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.
I'm wondering where on earth he's getting the "$70,000 loss" figure from. House prices in Sydney are not down from 2017...
Look how much any maintenance/repairs costs now. It may be true.