Scrapping negative gearing ‘unlikely’

With the recent movement in the Australian Property Market and increase in property investment activities, the RBA had mentioned about the possibility of scrapping negative gearing. A decision such as this would have a massive impact not only on current property investors but for those who are looking to start their property investment journey as well. Hence, this has caused much discussions from property investors and more. To decide whether this is a myth or just a likely potential, Australian Broker Online caught up with chair of PIPA, Ben Kingsley to discuss whether property investors should be afraid of this. The first myth that Ben start off with is that negative gearing is only for a small percentage and the super wealthy people.

Watch the video to learn more.