If anyone needs conveyancing done let me know (shameless free plug lol)
I just bought a house off the plan, by the time it's built it will be worth approx 100k more than i bought it. Flip it in a couple of years and there's easy money.
here's my take on negative gearing.
If a property is making you $130,000 per year and you want to bring yourself down a tax bracket.. what's it gonna cost you??
Another mortgage?
Why have another mortgage just to save money on tax? gonna cost you $500k to save 50k?
DUMB!
*edit.. my first brand new car was my 135
before i was rolling 2nd hand jappers and corolling along till i was 21.