Michael Thompson

Okay.

So that means there are obviously loopholes and exemptions here and they are really related to new properties.

Is that going to make us any less miserable, do you think, Sean?

Maybe, if we say it enough.

Get it out there.

We will convince ourselves.

We can talk ourselves into being a bit more positive, right?

Yeah, look, an interest rate cut would certainly make people less miserable, I would argue.

Now, the local share market fell hard yesterday morning.

That was a big drop after it opened, and then it recovered for the rest of the day as news emerged of a cessation in fighting between Iran and Israel.

That is a really, really good point, the fact that...

By the close, the S&P ASX 200 was down just one quarter of a percent to just over 8,600 points.

I mentioned at the start of the show that as soon as we talk property investing, everyone just jumps straight to kind of negative gearing, that there is this tax benefit.

But it doesn't matter whether we're having this conversation 10 years ago or now, really, the goal should be further ahead than the immediate tax incentives now, right?

If you are investing in property, you should be looking ahead to the future value of that property, to the rent that that's going to bring in and the potential for passive income.

Just a very quick shout out before we take a break.

Sean, a mention of our survey.

All right.

Let's get into the passive income side of this.

If you haven't done it yet, make today the day.