Aussie tax rules egging property speculators on
People buy properties to rent out, even at a loss, but claim tax relief. Debt and prices rise
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Sydney
AUSTRALIAN real estate investor Maureen Pound said losing money on three rental apartments she owns in Melbourne and Brisbane doesn't faze her. She's putting her faith in future profits from rising property values.
"I might lose A$30,000 ($24,285) on a property over 10 years, but the property has gone up A$200,000," said Ms Pound, a 46-year-old business management consultant who lives in Melbourne.
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