Property investors fear forced sales under negative gearing changes
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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·
    2 months 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_gravitasOPEnglish
      4·
      2 months 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…

      • TheHolm
        1·
        2 months ago

        Look how much any maintenance/repairs costs now. It may be true.