1.3 million taxpayers with rental properties
- Thread starter dwyerfam
- Start date
B
brains
Guest
Love this one, looks like our accountants are doing their job
"At the same time, 1.3 million taxpayers declared income from rental properties of $12.6 billion, yet claimed expenses on those properties of $13.3 billion."
"At the same time, 1.3 million taxpayers declared income from rental properties of $12.6 billion, yet claimed expenses on those properties of $13.3 billion."
G'day all,
1.3 million out of a population of 20 million - guess what ??6.5% !! Sound familiar, Jan???
Re other figures - average $185wk income - sounds about right to me And $195 wk expenses? Certainly not outrageous when usual mortgages and depreciation are considered ...... Especially for newer investors
And a fair proportion of this is non-cash deduction anyway,
Regards,
1.3 million out of a population of 20 million - guess what ??6.5% !! Sound familiar, Jan???
Re other figures - average $185wk income - sounds about right to me
And $195 wk expenses? Certainly not outrageous when usual mortgages and depreciation are considered ...... Especially for newer investorsAnd a fair proportion of this is non-cash deduction anyway,
Regards,
B
brains
Guest
There are approx. 8 million in the workforce
So, what, if you don't work you can't invest in property?
20 million potential investors is too high because that includes children who are unlikely to be investing in property. There are around 4.7 million children under the age of 18. Nett=15.3 million.
Married or de-facto couples are also less likely to invest independently in my view. 8.3 million people are married (1998 data) so collectively that might lose another 50% (4.15 million). Nett=11.15 million. (Or put another way, couples investing may possibly be investing through a trust as a singular entity).
So, roughly speaking we are talking about 10% of the likely candidates for having a rental property actually do have one.
20 million potential investors is too high because that includes children who are unlikely to be investing in property. There are around 4.7 million children under the age of 18. Nett=15.3 million.
Married or de-facto couples are also less likely to invest independently in my view. 8.3 million people are married (1998 data) so collectively that might lose another 50% (4.15 million). Nett=11.15 million. (Or put another way, couples investing may possibly be investing through a trust as a singular entity).
So, roughly speaking we are talking about 10% of the likely candidates for having a rental property actually do have one.
G'day Tai,
But I think there is less than 20 millions people are in the workforce.
So that percentage could be higher..
Yes, good call. The actual figure quoted by Jan (referencing ABS stats) is "6% of adult Australians" - so the actual number of investors currently is probably closer to 8 or 9% at the moment.
/me nurses foot with self-inflicted bullet hole ...
Regards,
But I think there is less than 20 millions people are in the workforce.
So that percentage could be higher..
Yes, good call. The actual figure quoted by Jan (referencing ABS stats) is "6% of adult Australians" - so the actual number of investors currently is probably closer to 8 or 9% at the moment.
/me nurses foot with self-inflicted bullet hole ...
Regards,
