Investors with 10 or more properties to their name have more debt than smaller-scale investors but use negative gearing and capital gains discounts to keep buying, tax office data shows.
And as the article says - this data is only from individual tax returns. It doesn’t cover companies.
There shouldn’t be any apartment buildings? Wait, are these people buying houses? That’s weird. The article says they just keep borrowing money and buying properties.
There shouldn’t be any apartment buildings? Wait, are these people buying houses? That’s weird. The article says they just keep borrowing money and buying properties.