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
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.
TRENDING NOW
One-third of Singapore-listed firms at risk in severe AI downturn: MAS
‘We don’t want to stay as we are’: CEO Patrick Ng builds a more resilient Huationg
He built the Vingroup empire. Now South-east Asia’s richest man is handing some key roles to his sons
Radiant World table shows six lenders with US$870 million exposure
