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Property Council: Housing affordability aided by negative gearing

By Louise Morrin

If you're an investor sitting on the fence about buying investment property in Carlton, you'll be happy to know that a number of real estate industry bodies have come to the defence of negative gearing. 

The Property Council said the investment tax was a brilliant support for those building a portfolio, with executive director for residential property Nick Proud stating that the majority of investors who utilise negative gearing were regular, hard working people with only one investment to their name. 

"New housing supply needs capital to get off the ground, and investors (both foreign and domestic) as well as owner occupiers are a critical source of that capital. Negative gearing unlocks an important source of finance to boost new supply," said Mr Proud in a 17 April statement. 

He also went on to say that the ageing population was very rapidly becoming a reality, with investment properties and negative gearing expected to start supplementing Australian retirement funds in the future.

With this news hot off the press, now could be a great time to begin seriously contemplating your own investment options in Carlton. Get in touch with a local real estate agent to discuss what property options could be within your reach. 

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