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The ATO’s Taxation Statistics for 2017-18 have been released, which shows that the number of negatively geared property investors rose by 200,000 over FY18, with total losses ballooning by $800 million to $13.1 billion:
The average loss per negatively geared investors was $9,924 in FY18, up from $9,461 in FY17.
The below table also shows a lift in the number of people with multiple investment properties:
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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.