Market impacts of negative gearing

A poll of 1,700 investors with properties managed by LJ Hooker showed 37 per cent of investors earned a combined household income of less than $100,000, while 67 per cent had a household income of $150,000 or less. The perception that investors are well-to-do is overblown, especially in the major business hubs of Sydney and Melbourne.

The poll also found 31 per cent of investors would sell some or all their portfolio if negative gearing was abolished or restricted. This tells us that property investment is central to an individual’s, couple’s or family’s wealth accumulation, helping to fund major milestones in life. As we’ve seen recently, property is a solid investment option… read the full article from rebonline.com.au