Join Australia's most dynamic and respected property investment community

Data Breakdown of Who Uses Negative Gearing

Discussion in 'Investment Strategy' started by House, 12th May, 2016.

  1. House

    House Well-Known Member Premium Member

    Joined:
    13th Sep, 2015
    Posts:
    858
    Location:
    Sydney
    Last edited: 12th May, 2016
  2. Hodor

    Hodor Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    1,110
    Location:
    Homeless
    You listed secondary school teachers twice, you trying to get them a bad rep?
     
  3. House

    House Well-Known Member Premium Member

    Joined:
    13th Sep, 2015
    Posts:
    858
    Location:
    Sydney
    Haha no. Uploading multiple similar looking files on an iPhone was a lot harder than expected. Edited to keep you happy @Hodor
     
    Hodor likes this.
  4. Gockie

    Gockie Be the change you want to see in the world Premium Member

    Joined:
    18th Jun, 2015
    Posts:
    7,686
    Location:
    Sydney
    Geez. That's a fair spread of occupations and I wouldnt have thought the numbers would be that high.
     
  5. househuntn

    househuntn Well-Known Member

    Joined:
    26th Apr, 2016
    Posts:
    109
    Location:
    Melbourne
    That's a lot of investors out there, if around 10-20% are claiming rental losses. That's not including positive geared properties
     
    WattleIdo likes this.
  6. EN710

    EN710 Well-Known Member Premium Member

    Joined:
    18th Jun, 2015
    Posts:
    2,755
    Location:
    NSW
    What is practice manager? :confused:
     
  7. turk

    turk Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    317
    Location:
    Victoria
    Would manage a Doctors private practice.
     
    EN710 likes this.
  8. bob shovel

    bob shovel Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    6,282
    Location:
    Penrith, NSW
    Manages practice of course
     
    EN710 likes this.
  9. bob shovel

    bob shovel Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    6,282
    Location:
    Penrith, NSW
    I must be listening to different news. I thought this was the negative gearers
    images.png
     
    astinus4, Bayview and chylld like this.
  10. EN710

    EN710 Well-Known Member Premium Member

    Joined:
    18th Jun, 2015
    Posts:
    2,755
    Location:
    NSW
    Football practice? :rolleyes:
     
  11. Peter_Tersteeg

    Peter_Tersteeg Finance broker and strategist Business Member

    Joined:
    18th Jun, 2015
    Posts:
    2,888
    Location:
    Melbourne, Nationwide
    What's really revealing is the percentage of people in each group that are negative gearing. It's generally about 18%. This would imply that the other 82% are neutrally geared or positively geared (and thus paying tax).
     
  12. Ed Barton

    Ed Barton Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    1,692
    Location:
    Brisbane
    You could be correct, but I doubt it. The way I read the stats is it is the number/% of that profession that are negatively geared, not the % of investors in each group.
     
    Joynz likes this.
  13. LibGS

    LibGS Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    642
    Location:
    Melbourne, Australia
    The ATO dataset does not include occupation for about 2.5 million taxpayers - 192,537 of whom reported rental losses. Those taxpayers have been excluded from the table.

    Yes, 6.43% of this dataset is receptionists. Huge.
     
    Pernoi likes this.
  14. wylie

    wylie Moderator Staff Member

    Joined:
    18th Jun, 2015
    Posts:
    4,447
    Location:
    Brisbane
    But you would agree, surely, that this list isn't made up of "rich" people or "high flyers"?
     
    Francesco, Bayview and kierank like this.
  15. LibGS

    LibGS Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    642
    Location:
    Melbourne, Australia
    No one has ever made that claim. People distinctly use qualifiers like predominantly. Nice strawman though. Would you care to rephrase your claim?
     
    Last edited: 12th May, 2016
    Pernoi likes this.
  16. MBowen

    MBowen Active Member

    Joined:
    12th Jul, 2015
    Posts:
    34
    Location:
    Victoria
    Negative gearing is bad. The receptionist at my dentist has two properties and she is 40. My children will never own a property ever because of her!
     
  17. Joynz

    Joynz Well-Known Member

    Joined:
    5th Apr, 2016
    Posts:
    1,669
    Location:
    Melbourne
    I don't agree. The post above by House is a bit ( inadvertantly) deceptive due to what has been cut and pasted and what has been left out.

    Go to the news article and sort by the Average Rental Loss per Claiment - there's a button for this below the text.

    You will see that rich people ( using highly paid occupations as a proxy for wealth) are very well represented as making the most losses.
     
    Pernoi likes this.
  18. bob shovel

    bob shovel Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    6,282
    Location:
    Penrith, NSW
    I noticed that too. Top 3 are still the "higher earner types" then there's a big presence of the middle class type jobs
     
  19. Azazel

    Azazel Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    8,111
    Location:
    Brisbane
    Crikey moses, did you copy and paste each small image from your phone?
    Super keen ;)
     
    kierank and WattleIdo like this.
  20. propernewb

    propernewb Well-Known Member

    Joined:
    6th Sep, 2015
    Posts:
    155
    Location:
    NSW
    It's deceptive to judge someone's wealth based on their occupation. I am sure that many on here would be asset rich but still work jobs that society in general would consider to be for "poorer folk"
     
    Pernoi, wylie and Chrispy like this.