Data from the Australian Taxation Office reveals that high-income earners are reaping the most benefits from negative gearing. Those earning over $180,000 annually claimed nearly a quarter of all losses on rental properties in 2021-2022, reducing their collective tax bill by $1.3 billion.
Negative gearing helps high-earning Australia ns the most, with those with income of more than $180,000 annually snaring almost one-quarter of the benefits, despite numbering just
Critics say the benefit stokes housing demand, raising prices for all. Supporters say the sector gets more investment than it otherwise would, making it more attactrive for builders and increasing the supply of rental properties. While investor groups argue they are helping supply issues by buying homes to rent out, were investors to sell an established rental to an owner-occupier, the effect on supply would be similar , Eslake said.
Negative Gearing Taxation Income Inequality Property Investment Australia
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