Renegade Economists Podcast 257
As broadcast on 3CR, Wed Oct 3rd.
The Name of the Game: Philip Soos answers questions from the floor at the Negative Gearing report release. Karl talks about economics as if location matters.
From Philip’s report:
In 1993-94 there were 980,471 investors, with just (51%) negatively geared. The number of investors increased to 1,751,679 in 2009-10, a significant rise of 79%, with 640,757 positively geared and 1,110,922 negatively geared. This is a remarkable increase of negatively geared investors compared to those who are positively geared. The number of negatively geared investors increased by 122% over this period, while those positively geared increased only 33%. The trend shows that negative gearing is becoming central to residential property investment.
The report was written up on News