“AS AN IMMIGRANT NOT KNOWING TOO MUCH ABOUT AUSTRALIA TAXATION SYSTEM, I DIDN’T REALIZE THAT AUSTRALIA’S NEGATIVE GEARING TAX SYSTEM WOULD BENEFIT ME A LOT FINANCIALLY.”
I have two houses constructed by 21 st Century. The 1 st one was built in 2014 and recently another one has just been completed by 21 st Century. As an immigrant not knowing too much about Australia Taxation System, I didn’t realize that Australia’s NEGATIVE GEARING tax system would benefit me a lot financially till a spreadsheet with all the figures was shown to me by my accountant.
Then I decided to purchase a property as an investment property in Brisbane, which kills two birds with one stone – One for tax benefit and two for long term wealth growth. I have always lived in Sydney since I moved from China. I have seen property price in this city grow by so much and in fact it has tripled or quadrupled in most areas in the last 10 to 15 years. Read more