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Not necessarily so! You still need to factor into this expenses, such as: Rates Management Fees Maintenance Insurance Water Bodycorp (if a unit) etc.

I believe James was trying to keep things in simple terms. Basically, if you earn $50k, and you have a loss of $10k, you will only have to pay tax as if your income is $40k. There are, of course, some other things that can give you a paper loss only. This can be quite confusing for a...

OMG! I thought you knew what neg gearing was? Obviously this is the best place for you if you don't want to ask Q's at home.:o