This isn’t some tax lurk for the wealthy. Mum and Dad investors are overwhelmingly the ones who benefit most for the ability to negatively gear their property investments.
There’s been plenty of news about the massive growth in apartment developments across Sydney, but the majority of this stock is not suitable for retirees.
With interest rates now around the mid-4% range, and even lower, there’s really no need to have an Interest Only loan, whether you’re an investor or owner-occupier.