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And thats why I said NG will never be abolished. They tried and found out its a revenue cash cow for the govt.

US of A ;)

Rubbish. That statement proves you havent a clue about what you are talking about...rental income alone is income and needs to be declared.. My rental income is far far more than my payg income, same as retirees with IP's who exit the workforce. Why would the govt abolish NG where they are...

Isn't Dolce Gabbana italian for dont chew tha cabana :confused: :o

I tried to give Kudos to you Peter, however it told me I need to spread the love around. Fantastic post.

It doesnt on its own, but thats not the context its being used.

LOL.....mate with comments like that, just confirms you're not up to speed if you planning on making a success in wealth building using property as your chosen vehicle. Good Luck!

Do you think its emotionally driven home owners or analytical investors who pay more for a property?

Its the masses that drive the property markets up in value. Do you think there a more property investors or more home owners in Australia?

Not at hand without searching for it again. It was in a report on a govt expenditure website. There was article in the newspaper they directed me to it.

Yes...and not only did they reinstate but they also increased it to entice the investors back into the market as quickly as they possibly could.

Yes, for every $1 they pay an investor in a deduction they indirectly collect $4.50 brought about by the additional taxes in relation to housing construction, stamps, pay rolls, GST, all the way down the line etc etc, to house people who rent..

Govt indirectly collects another $4.50 in tax from every $1 it pays to an investor for negative gearing benefits. I dont know about you but that sounds a good revenue spinner to me into the govt coffers.

Around 2 Million property investors around Australia that used negative gearing last year, would find great relief this week to hear our Prime Minister Julia Gillard will not remove the Negative gearing tax breaks for property investors . Adding to this news on top of the already low interest...