PropTrack research found more than 90 per cent of investors who bought rentals across much of Sydney since 2019 were negatively geared, with average taxable interest losses of just over $88,000 a year in East Lindfield. Economist Angus Moore attributed the growth in claims to the rapid move away from record low rates, and PIPA chair Nicola McDougall said investors should not buy for tax reasons alone.
Reported by
Aidan Devine, Geelong Advertiser, 24 February 2024
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