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Negative Gearing

A strategy where an investor accepts short-term losses on a rental property in exchange for tax benefits and long-term appreciation.

Definition

Negative gearing happens when the costs of owning a rental property — including mortgage interest, maintenance, depreciation, and other expenses — exceed the rental income it generates. The resulting loss can often be used to offset other taxable income, reducing the investor's overall tax bill. Most popular in Australia, where the strategy has reshaped property markets.

Example

You own a rental property generating $25,000 in annual rent but $32,000 in deductible expenses (mortgage interest, maintenance, depreciation, etc.). The $7,000 loss can be used to reduce your taxable income from your day job, saving roughly $2,500 in taxes if you're in a 35% tax bracket. You're betting that long-term appreciation will offset the short-term loss.

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