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I'm not sure whether you realise how much the majority of resi properties are -ve after all costs are considered? A hike in rent from say $300pw to $400pw doesn't make much of a dent to a starting yield of 3.5% net. Still way negative... but no tax benefits this time. Some will still...
Plenty of countries allow tax deduction on PPOR debt too. Does that sound like a good idea?
The idea that negative gearing only has an impact on house prices and has no impact on rents defies logic. The two are both part of the same property market - you can't influence one without impacting...
