Negative gearing benefits
A recent report published in Real Estate Business reveals just how resilient the national real estate market is at present for investors.
Australian Property Monitors’ (APM) senior economist Dr Andrew Wilson was quoted as saying, “the Australian housing market, as it has proved over the last 12 months particularly, is a robust and resilient market that is finely tuned and negative gearing is an essential element to keeping that housing market ticking over.”
Dr Wilson added property investors kept not only property managers busy, they also kept the overall real estate market moving along, especially in the harbour city.
“At the moment in Sydney, over 50 per cent of the market is made up of investors and a number of investors are being funded by self-managed super funds.
“Investors are keeping the market active, they provide most of the private rental stock,” Dr Wilson said.