Grant Clifton

Yeah, right.

So essentially it's costing you most of the time and you just use an accountant or a tax specialist for this.

You can do a budget on the property you're looking at buying and work it out and it will drop your tax rate, your marginal tax rate down significantly.

And so who's paying for your rental investment?

The tenant, first and foremost.

Savings and tax.

You, hopefully nothing.

So you can work it like that.

And if we've had property growth in the last couple of years, it's been pretty big.

I don't know where that's going to go.

We haven't got a crystal ball.

Let's fucking hope it crashes.

that's what everybody says it doesn't own one yeah yeah but look my personal opinion on it is that i don't see it going too much higher we're going to have another two interest rate rises for sure um the reserve bank looks like they're going to put interest rates up again it's next week i think that's the next announcement

and then another one, and it could even go up three times.

Who knows?

But it's definitely looking like two.

So interest rates are going to sit probably around that 6.8%, maybe close to 7% by June, July.

So that's going to have an impact on people's affordability and what they can spend, their discretionary spend.

Yeah.

And I've looked at it and there's all sorts of talk around about what changes there will be to negative gearing and rental properties and stuff like that with the capital gains tax.