Previously known as “The Property Planner, Buyer and Professor”
Got a question for the trio? Submit our online form!
Show Notes – ATO Tax Stats
In this week’s episode, the Trio uncover key insights from the just-released 2022–23 ATO Tax Stats.
From personal income and super balances to rental property trends and tax quirks, this data-rich episode shines a light on who’s winning and who’s hurting in Australia’s current economic climate.
The Income Illusion
The average taxable income is $74,240, but the median is just $55,868 – that $18K gap reveals how averages can hide the real story.
Add to that a $24K gender pay gap and you start to see the full picture on affordability and inequality.
While median income is up slightly, tax paid jumped by 16.6%.
Superannuation Snapshot
This isn’t just about income, it’s about lost compounding, career breaks and structural disadvantages.
- Median male super: $68,568
- Median female super: $54,349
Who’s Investing?
2.26 million Australians own rental property, but 72% of investors hold just one, with only 0.85% of all investors owning six or more
Nearly half of investors (49.4%) reported a net rental loss, up from 41.9% the year before, concentrated among small-scale investors.
Tax System Realities
- The tax system works better for those on higher incomes with smart advice – a $10K loss is far more valuable to someone earning $180K than $70K.
- 0.2% of individuals claimed 46% of capital gains.
- Meanwhile, many low-income investors don’t even claim depreciation
- Women miss out disproportionately due to lower incomes, fewer property holdings, and reduced access to professional financial advice
Industry Takeaways
Success in property goes beyond property features.
You don’t need ten properties to be successful.
Understanding property metrics, tax offsets, depreciation, ownership structures and long-term planning is crucial.
Resources:
- Ep. 87 Optimising tax deductions – top mortgage and loan strategy tips
- Ep. 250 Investment Borrowing Masterclass – Maximise Tax Deductions and Advanced Mortgage Strategies for Long-Term Wealth Creation
- Ep. 256 Property Investor and Taxpayer Insights from the ATO Unveiled – Exploring the Shifting Sands of the Property Investment Landscape
- Ep. 282 The Ultimate Guide to Property Depreciation – Maximise Your Investment Returns with Expert Advice on Tax Deductions
- Ep. 286 Is Investing in Property Still Worth It? Navigating the Shifting Property Landscape
