Postive Gearing... Do You Have it?
Do you get more income from your property than you pay out in interest and expenses?
If so you probably have a 'positive geared' property in which case these amounts may be taxable.
If however the reverse applies meaning you pay out more than you get in, you may be negatively geared and have a tax deductible expense.
This can reduce your taxable income and make you eligible to a weekly reduction from your employer.