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  1. Francesco

    The Abolishment of the Negative Gearing Debate

    I will add that LL or PIs pay most: LL has to pay land tax in the ACT land tax > rates at least for one of my property LL pays land tax + rates > 2 x rates homeowner pays only rate LL pays more than 1 extra rate to subsidise state housing and services :(
  2. Francesco

    The Abolishment of the Negative Gearing Debate

    Hi Senior I am mindful of what you said. The latest analysis I did showed that I received $50k CG per year for the last 2 years from half my IP portfolio. Maybe CG may retract going forward but I am looking forward to reduced interest payments and better investment opportunities in...
  3. Francesco

    The Abolishment of the Negative Gearing Debate

    I am a boomer. I have NGed properties. I am retired. I have taxable income to use the NG tax benefits. So, I want NG for my properties but you can phase in abolishment of NG so I can raise rent to pay for expected increased land tax and rates (apart from higher demand). I am sure there...
  4. Francesco

    The Abolishment of the Negative Gearing Debate

    Where did you get this information? Just based on my experience all my IPs bar one were bought new. Regardless, if investors buy existing homes they need to spruce it up or renovate it to increase equity for refinancing. Investors buy in the market and get the property at the market price...
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