in australien haben 66% der vermieter haben neg. cashflow
ich kenne keinen investor (die letzten private equity transaktionen mal ausgenommen) der auf die idee kommen würde mietobjekte zu erwerben ohne das ne entsprechende (positive) rendite dabei herausspringt.
oder stellt euch mal vor ein geschlossener immobilienfonds probiert ne platzierung mit nem negativen cashflow. irrwitzig.
in den bubbleländern bei fast allen objekten die in den letzten jahren erworben worden sind der regelfall.
in australien ist es zudem so das genau dieser umsatnd durch steuergesetze noch gefördert wird.
zudem werden wertsteigerungen niedriger beseteuert.all das bedeuerte den boom immer weiter. nun endlich sollen diese vergünstigungen eingedampft werden.
Safe as houses no more
Renting out housing has become Australia's most unsuccessful business
the long surge in investor housing in Australia has been driven essentially by a cocktail of tax breaks. The negative gearing rules allow investors in effect to push part of their losses onto other taxpayers. And the tax break on capital gains means that when they sell, they pay only half the tax on profits that they would face on wages.
After all, negative gearing has a lot wrong with it as an investment strategy. For a start, it involves losing money. Even in 2003-04, preliminary tax figures show, 938,000 rental owners declared losses of $6.1 billion.
Given rising interest rates and house prices since, by now they are probably losing $10 billion a year. That's a lot of money to throw away
Renting out housing has become Australia's most unsuccessful business, and by a long way. Two-thirds of landlords now tell the taxman they are losing money, and while some may be lying, most probably aren't.
A lot of today's housing investors could face years of operating losses without ending up with much in capital gains
Reserve Bank governor Ian Macfarlane told The Age last week that property prices in parts of outer Sydney had fallen by 20 to 30 per cent since 2003. "A lot of small-time investors who came in in 2002 and 2003 are probably way under water," he said.
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