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  • Profile photo of janelucyjanelucy
    Member
    @janelucy
    Join Date: 2003
    Post Count: 1

    Hi I’m a first timer to this discussion board. I have 2 negatively geared, positive cashflow properties after depreciation and I’m very happy with the way my investments are going. Both properties are also in high growth areas and my first property purchased Feb 02 has gone up $30,000 on a Bank valuation. My income is over $65000 and I only pay 9% tax(instead of 47%) as I have submitted a tax variation form to the tax office. I can see that some positive gearing would be great in my situation as my tax increase from a positive geared property would be insignificant and an immediate positive cash flow would be great. BUT where are these properties?

    Jane

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