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>In almost all cases the rental income will be higher than the mortgage payment 60% of Australian landlords claimed a rental loss in FY17/18 and that's not an
by adamjb 6y ago
>In almost all cases the rental income will be higher than the mortgage payment
60% of Australian landlords claimed a rental loss in FY17/18 and that's not an outlier. [0]
In jurisdictions where rental losses can be written off against ordinary income, landlords are happy to collect the tax benefit and just do the capital play.
[0] https://www.theguardian.com/business/grogonomics/2020/jul/21/middle-australia-earns-100000-and-has-a-negatively-geared-property-not-true https://www.theguardian.com/business/grogonomics/2020/jul/21...
- bollorior 6y agoI am prepared to accept that 'almost all cases' does not include the insanity particular to the frothiest 60% of the Australian housing market ;)