A Deloitte Access Economics report has found that negative gearing is neither “evil”, nor “a loophole in the tax system” nor the “key culprit” that impacts house prices.

 

The report debunks the myths around negative gearing, revealing that it is average income earners who take advantage of negative gearing.

 

ATO data shows those who use it most earn about or under $80,000 a year.

 

Around 840,000 of these people, comprising clerical staff, teachers, tradies, nurses, cleaners and emergency services personnel, declared a net rental loss in 2012-13.