Not a lot of support here for potential FHO, never mind. I am reminded of a phrase a very friendly and intelligent person once said as we walked through a somewhat seedy part of town: “we are doing the work of karmic minesweepers”. It is probably hard or even impossible to imagine that someone who is intent on seeing negative gearing (NG) abo…[Read more]

A rental property is said to be negatively geared when property expenses (mainly Loan / Mortgage interest) exceeds rental income. That is, the investment runs at a loss. Under current tax rulings, losses from NG can be claimed from other income sources.If Loan Interest deduction was only allowed against the rent of that particular investment…[Read more]

I have checked the following Labor site this morning (19/7) and there are 9 links to housing policy:http://www.alp.org.au/policy/index.php#housingThere is much to say about other types of assistance given to investors but nothing about NG. As you can imagine, as a potential FHO I am not a fan of NG and what it has done to housing affordability in…[Read more]