Property investors fear forced sales under negative gearing changes
web.archive.org
Sydney architect Chirayu Shah says he and his wife could be to forced sell their home at a loss and unable to offer their children housing security down the track.
  • jonne@infosec.pub
    7·
    1 month ago

    So this guy is paying $500/mo for this property over the income it generates and the only reason this works out is negative gearing? I have a hard time believing he’s not at least breaking even on rent charged over a mortgage, he’s not telling the whole story there, or he grossly overpaid for the property.

    • zero_gravitas@aussie.zoneOPEnglish
      4·
      1 month ago

      I’m wondering where on earth he’s getting the “$70,000 loss” figure from. House prices in Sydney are not down from 2017…