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    Stats: 74% of Property Investores Are Low-Med Income Earners

    hmm I thought people with lots of investment properties had higher paying jobs? Seems like a whopping 74% of negatively geared property investors are on less than 80,000/year income. Seems really low... $80k/year is peanuts in this day and age if you live within 20km of the CBD. Even if this...
  2. C

    buying a business, any tax benefits?

    Are there any tax benefits if one buys a business? For example can you depreciate the cost of buying a business?? I would love to buy an existing business (e.g. cafe or newsagency) but my friend has told me that if I buy one say for $300k. I can't depreciate it it for tax purposes, like a...
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