For sure mate, just praying and hoping for capital growth while you shell out thousands of dollars a year to top up the investment, and if you combine that with a downturn in the market or the loss of the high paying job, it can all go south pretty fast.
no it is useless. Negative gearing is supposed to encourage investment in the building of properties. well, the fact is the supply of properties has not grown one jot. all it has done has made investors happier to pay more for established properties and make a roof over people's head more and more unaffordable. get rid of it quick
Do you own an investment property? If so, is it positively or negatively geared?
Im a big fan of positive cashflow property, I have a few friends in WA that have really been burned on negatively geared property's.
@@Neil.Denize Yeah I definitely much prefer a positively geared property in most situations! It's nice to not just be relying on capital growth.
For sure mate, just praying and hoping for capital growth while you shell out thousands of dollars a year to top up the investment, and if you combine that with a downturn in the market or the loss of the high paying job, it can all go south pretty fast.
@@Neil.Denize Yeah exactly! Takes away some of the risks, especially when some people have properties that are making huge losses each year!
@S&L L Yeah it's definitely a controversial strategy in some areas. There's always debate to not allow it.
great points
Thanks!
no it is useless. Negative gearing is supposed to encourage investment in the building of properties. well, the fact is the supply of properties has not grown one jot. all it has done has made investors happier to pay more for established properties and make a roof over people's head more and more unaffordable. get rid of it quick
Yeah a lot of people have these thoughts.