Aussie tax rules egging property speculators on

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.

She is among more than a millio…