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Someone in WA writes that NG is a positive for the economy: http://mccarthygroup.com.au/negative-gearing-stephen-appears-australian-financial-review It may provide some information to help make sense about NG. :)

Read my previous post if you do not know what myth I am talking about. May 13 can't come soon enough! :D

I have called this a myth. Cutting NG is creating inequity based on distorting equitable principles of tax and accounting principles. $50k portion returning nothing? LOL.

This is pretty much picking on trivialities, neither here nor there. As an investor I can renovate the property whereas my tenants who are students are financially living on the edge on part time work juggling with studies. Your argument depends very much upon the characteristics of tenants...

I disagree. I disagree that investors buying old home does nothing for the economy. Every year I spent money on repairs and maintenance beside ongoing payments of land tax, rates, utility bills and management fees. It represents sizeable amounts and averaging $21,000 a property. It...