Labor has said they will grandfather existing negative gearing, so if you have an established negatively geared portfolio could there be any benefits? If rents soar as some predict it will be a win and you’d still get negative gearing benefits on your pre 2017 portfolio.
Its too unpredictable what the outcomes of such a change could be.
I wouldn’t strategise around it, just keep investing to deliberately and purposefully make money.D.T. | DT Property Management
http://www.dtproperty.com.au
Email Me | Phone MeAdelaide Property Management - whole Adelaide metro
Negative gearing has been scrapped before in the 80s. Many different opinions on whether it was responsible for rent increases. I suggest you do your own research and form your own opinion.
Likelihood of a Labor govt being elected isn’t a high probability, let alone them getting it through parliament should they not do a backflip.
Carry on as usual, it’s been mentioned for decades and will likely for decades more.
Corey Batt | Precision Funding
http://www.precisionfunding.com.au
Email Me | Phone MeInvestment Focused Finance Strategist - servicing Australia-wide
Hi I think it is unlikely that Labor will be elected however with the Liberal government moving more to the left who knows. If it did happen then most people would only buy investments in outer suburbs that would mean that it would force up rents within inner city areas and potentially create slums in outer areas of many of our major cities.
That is not to say that all outer areas are bad but when you get houses built on 350 square meters blocks and they are all sold to investors that spells trouble
Nigel Kibel | Property Know How
http://propertyknowhow.com.au
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