Canna Campbell

That's not an efficient use of your money, is it?

Especially when I can put that million dollars, it's maybe grown in value, yes, and that does come into it, but if we're purely talking income here, it's kind of an important factor that you need to be paying attention to.

Yes.

You know, with these changes, it changes the approach and it is going to change our behaviour around investing in property.

You know, because of, of course, you know, things like capital gains tax as well and then, of course, all the stamp duty, all the expenses of getting into the market.

This is no longer a market where you're sort of jumping in and out of property, obviously with the exception of a principal place of residence, you know.

But for an investment point of view, no, this is very much now long-term buy and hold because

Because, you know, especially if you buy a property initially, you can still technically negatively gear it.

No one's stopping you from doing that.

However, the banks have come out and said, obviously, they're going to be a lot stricter now going forward with negatively geared properties.

But you can, you just, the only thing is you can't claim that property

$20,000 loss, I use that example, off your tax.

You just have to wear it.

So it's not efficient anymore.

And there will be some people who don't care.

That still works for them.

They're not worried because it's all part of a long-term play.

So it still will exist, but it's going to be used and approached very, very differently.

So this is the exciting part.

It really boils down to you as the investor and your situation and what you're capable of doing and what you ultimately want to do.