Negative Gearing

This is a great article by Cameron Kusher of RP Data on the subject of negative gearing in investments and in particular in property in Australia.  He points out that while negative gearing is a policy that is largely unique to Australia, it is a tax concession made in the context of much lower government direct investment in the rental property market.

What do you think?  Do we get a decent return for the $8 billion forgone in tax receipts every year?

You can read the article here