Negative Gearing Explained — Australian Property Investors Guide

Negative gearing occurs when the costs of owning an investment property exceed the income it generates. In Australia, this net loss is tax-deductible against your other income — reducing your income tax bill. The key benefit: every $1 of loss reduces your taxable income by $1.

Is negative gearing worth it in 2026?

It depends on your tax bracket and capital growth expectations. High-income earners (37%–47% marginal rate) in areas with strong capital growth prospects may find it tax-efficient. Lower-income earners benefit less from the deduction.

Can I negatively gear shares and ETFs?

Yes — negative gearing applies to any income-producing investment. If you borrow to buy shares and the loan interest exceeds dividends received, you can claim the difference against other income.

What is the difference between negative gearing and a tax deduction?

Negative gearing is a strategy; tax deductions are the mechanism. The net loss from your investment property becomes a tax deduction offset against your other assessable income.