Negative gearing rates fall
Recent data from the Australian Tax Office shows 2,033,901 Australians were landlords in 2013/14, up from 1,967,000 in the previous year. However, the number of people negatively gearing their property fell from 1,262,000 to 1,218,488.
The ATO said total claimed losses from investment properties fell from $7.9 billion in 2011-12 to $3.7 billion in 2013-14.
Investor Todd Hunter has 55 investment properties, some of which are negatively geared. Mr Hunter said most of his housing stock is positively geared as a result of strong rental income and low interest rates.
Source: The New Daily