Negative gearing on older properties still available
I see on some anti investor reddit pages populated by mainly people wanting a hand outs that they are very happy negative gearing is being stopped on older properties. This is being celebrated. But apart from this pushing up rents like it did in nz property can still be offset against other property holdings so if you have 2 positive geared properties and 2 negative geared properties it is all good. Again this is good for established multi property owners but bad for less established single owners or potential owners. These people now don’t get given the same opportunity that others have had over the years.