Investors taking advantage of negative gearing tax breaks drive property prices higher

By John Collett
Updated November 10 2014 - 10:08am, first published September 29 2014 - 5:13pm
 
 
Wheel of fortune: Many property investors rely on the tax breaks they can achieve through negative gearing.
Wheel of fortune: Many property investors rely on the tax breaks they can achieve through negative gearing.
Wheel of fortune: Many property investors rely on the tax breaks they can achieve through negative gearing.
Wheel of fortune: Many property investors rely on the tax breaks they can achieve through negative gearing.
Wheel of fortune: Many property investors rely on the tax breaks they can achieve through negative gearing.
Wheel of fortune: Many property investors rely on the tax breaks they can achieve through negative gearing.
An estimated $7 billion was paid in stamp duty on residential property conveyances in 2011-12.
An estimated $7 billion was paid in stamp duty on residential property conveyances in 2011-12.

Official data suggest investors taking advantage of the tax system are helping to drive property prices higher and locking out first-time buyers.

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