Comment on Property investors fear forced sales under negative gearing changes
jonne@infosec.pub 2 days 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.zone 2 days ago
I’m wondering where on earth he’s getting the “$70,000 loss” figure from. House prices in Sydney are not down since 2017…
TheHolm@aussie.zone 2 days ago
Look how much any maintenance/repairs costs now. It may be true.