Negative gearing by postcode: where loss-making landlords live, 2023-24

In 2023-24, 2,260,641 Australians declared a net rent figure, and 55% of them made a loss on their rentals, $12,000 on average.

The ATO counts each landlord at the home address on their tax return, so a postcode here is where the landlord lives, not where the rental is.

Where do the most loss-making landlords live?

In 3978 (Clyde North, Clyde, Cardinia), 88% of landlords made a loss. Of these 20, 14 in Melbourne and 6 in Sydney.

Landlords and losses

The postcodes where the most landlords made a loss: Landlords and losses
PostcodeLandlordsShare who made a lossAverage loss, among them
3978 VIC Landlords 4,787Share who made a loss 88%Average loss, among them $11,100
3024 VIC Landlords 2,935Share who made a loss 88%Average loss, among them $11,700
3336 VIC Landlords 2,626Share who made a loss 86%Average loss, among them $12,800
3750 VIC Landlords 2,397Share who made a loss 85%Average loss, among them $11,900
2762 NSW Landlords 3,245Share who made a loss 84%Average loss, among them $12,400
2769 NSW Landlords 3,176Share who made a loss 84%Average loss, among them $13,100
3029 VIC Landlords 12,405Share who made a loss 83%Average loss, among them $12,400
3809 VIC Landlords 1,713Share who made a loss 83%Average loss, among them $11,200
3754 VIC Landlords 3,979Share who made a loss 83%Average loss, among them $12,000
3338 VIC Landlords 2,139Share who made a loss 83%Average loss, among them $12,000
3975 VIC Landlords 2,279Share who made a loss 83%Average loss, among them $12,600
3064 VIC Landlords 8,295Share who made a loss 82%Average loss, among them $11,500
3977 VIC Landlords 8,373Share who made a loss 80%Average loss, among them $11,300
3027 VIC Landlords 1,384Share who made a loss 78%Average loss, among them $15,300
2765 NSW Landlords 7,840Share who made a loss 77%Average loss, among them $11,600
2174 NSW Landlords 1,840Share who made a loss 77%Average loss, among them $12,700
3030 VIC Landlords 13,151Share who made a loss 77%Average loss, among them $13,700
2768 NSW Landlords 4,680Share who made a loss 76%Average loss, among them $13,200
2763 NSW Landlords 3,950Share who made a loss 76%Average loss, among them $11,500
3976 VIC Landlords 1,265Share who made a loss 76%Average loss, among them $10,800

Suburbs

The postcodes where the most landlords made a loss: Suburbs
PostcodeSuburbs
3978 VIC Suburbs Clyde North, Clyde, Cardinia
3024 VIC Suburbs Wyndham Vale, Manor Lakes, Mount Cottrell
3336 VIC Suburbs Fraser Rise, Aintree, Deanside
3750 VIC Suburbs Wollert
2762 NSW Suburbs Schofields, Tallawong
2769 NSW Suburbs The Ponds
3029 VIC Suburbs Tarneit, Hoppers Crossing, Truganina
3809 VIC Suburbs Officer, Officer South
3754 VIC Suburbs Doreen, Mernda
3338 VIC Suburbs Melton South, Brookfield, Weir Views
3975 VIC Suburbs Lynbrook, Lyndhurst
3064 VIC Suburbs Craigieburn, Roxburgh Park, Mickleham
3977 VIC Suburbs Cranbourne North, Cranbourne East, Cranbourne
3027 VIC Suburbs Williams Landing
2765 NSW Suburbs Marsden Park, Riverstone, Box Hill
2174 NSW Suburbs Edmondson Park
3030 VIC Suburbs Point Cook, Werribee, Werribee South
2768 NSW Suburbs Glenwood, Stanhope Gardens, Parklea
2763 NSW Suburbs Quakers Hill, Acacia Gardens, Nirimba Fields
3976 VIC Suburbs Hampton Park

The postcodes where the most landlords made a loss

Where do the fewest live?

In 2550 (Bega, Tathra, Kalaru), 31% did.

Landlords and losses

The postcodes where the fewest landlords made a loss: Landlords and losses
PostcodeLandlordsShare who made a lossAverage loss, among them
2550 NSW Landlords 1,410Share who made a loss 31%Average loss, among them $9,200
2481 NSW Landlords 1,993Share who made a loss 32%Average loss, among them $16,400
2484 NSW Landlords 1,535Share who made a loss 33%Average loss, among them $7,300
6285 WA Landlords 1,195Share who made a loss 33%Average loss, among them $7,200
2485 NSW Landlords 1,180Share who made a loss 35%Average loss, among them $8,600
2483 NSW Landlords 1,312Share who made a loss 35%Average loss, among them $10,800
2477 NSW Landlords 1,190Share who made a loss 35%Average loss, among them $9,000
4567 QLD Landlords 1,550Share who made a loss 36%Average loss, among them $14,500
2780 NSW Landlords 1,129Share who made a loss 36%Average loss, among them $11,500
2480 NSW Landlords 3,502Share who made a loss 37%Average loss, among them $8,300
2430 NSW Landlords 2,331Share who made a loss 37%Average loss, among them $7,500
2428 NSW Landlords 1,698Share who made a loss 37%Average loss, among them $9,700
2478 NSW Landlords 3,385Share who made a loss 38%Average loss, among them $10,500
2446 NSW Landlords 1,054Share who made a loss 38%Average loss, among them $9,600
2460 NSW Landlords 1,839Share who made a loss 38%Average loss, among them $7,000
2107 NSW Landlords 2,144Share who made a loss 38%Average loss, among them $16,800
6009 WA Landlords 2,425Share who made a loss 39%Average loss, among them $17,500
6450 WA Landlords 1,263Share who made a loss 39%Average loss, among them $6,600
4217 QLD Landlords 4,462Share who made a loss 39%Average loss, among them $12,900
2537 NSW Landlords 1,173Share who made a loss 39%Average loss, among them $9,200

Suburbs

The postcodes where the fewest landlords made a loss: Suburbs
PostcodeSuburbs
2550 NSW Suburbs Bega, Tathra, Kalaru
2481 NSW Suburbs Byron Bay, Suffolk Park, Myocum
2484 NSW Suburbs Murwillumbah, South Murwillumbah, Bray Park
6285 WA Suburbs Margaret River, Gnarabup, Burnside
2485 NSW Suburbs Tweed Heads, Tweed Heads West
2483 NSW Suburbs Ocean Shores, Brunswick Heads, South Golden Beach
2477 NSW Suburbs Alstonville, Wollongbar, Wardell
4567 QLD Suburbs Noosa Heads, Sunrise Beach, Sunshine Beach
2780 NSW Suburbs Katoomba, Leura, Medlow Bath
2480 NSW Suburbs Goonellabah, East Lismore, Lismore
2430 NSW Suburbs Taree, Old Bar, Cundletown
2428 NSW Suburbs Forster, Tuncurry, Smiths Lake
2478 NSW Suburbs Ballina, Lennox Head, East Ballina
2446 NSW Suburbs Wauchope, King Creek, Beechwood
2460 NSW Suburbs Grafton, South Grafton, Junction Hill
2107 NSW Suburbs Avalon Beach, Bilgola Plateau, Clareville
6009 WA Suburbs Nedlands, Dalkeith, Crawley
6450 WA Suburbs Castletown, Esperance, West Beach
4217 QLD Suburbs Surfers Paradise, Benowa, Bundall
2537 NSW Suburbs Moruya, Tuross Head, Broulee

The postcodes where the fewest landlords made a loss

Where do landlords with the largest average loss live?

Among those who made a loss, the average was $39,300 in 2027 (Darling Point, Edgecliff, Point Piper).

Landlords and losses

The postcodes with the largest average loss: Landlords and losses
PostcodeLandlordsShare who made a lossAverage loss, among them
2027 NSW Landlords 1,421Share who made a loss 41%Average loss, among them $39,300
2023 NSW Landlords 1,725Share who made a loss 42%Average loss, among them $37,700
2030 NSW Landlords 2,491Share who made a loss 43%Average loss, among them $35,500
3142 VIC Landlords 1,872Share who made a loss 46%Average loss, among them $33,100
2110 NSW Landlords 1,676Share who made a loss 47%Average loss, among them $31,500
2025 NSW Landlords 1,099Share who made a loss 47%Average loss, among them $29,600
2063 NSW Landlords 1,183Share who made a loss 45%Average loss, among them $27,700
3143 VIC Landlords 1,053Share who made a loss 54%Average loss, among them $27,600
3206 VIC Landlords 1,572Share who made a loss 54%Average loss, among them $26,100
2021 NSW Landlords 2,171Share who made a loss 48%Average loss, among them $25,600

Suburbs

The postcodes with the largest average loss: Suburbs
PostcodeSuburbs
2027 NSW Suburbs Darling Point, Edgecliff, Point Piper
2023 NSW Suburbs Bellevue Hill
2030 NSW Suburbs Vaucluse, Dover Heights, Watsons Bay
3142 VIC Suburbs Toorak
2110 NSW Suburbs Hunters Hill, Woolwich
2025 NSW Suburbs Woollahra
2063 NSW Suburbs Northbridge
3143 VIC Suburbs Armadale
3206 VIC Suburbs Albert Park, Middle Park
2021 NSW Suburbs Paddington, Centennial Park

The postcodes with the largest average loss

How do the states compare?

Each state's landlords, 2023-24
StateLandlordsShare who made a lossAverage loss, among them
New South Wales Landlords 824,411Share who made a loss 54%Average loss, among them $13,500
Victoria Landlords 598,608Share who made a loss 62%Average loss, among them $13,200
Queensland Landlords 383,583Share who made a loss 52%Average loss, among them $9,500
South Australia Landlords 135,266Share who made a loss 51%Average loss, among them $8,100
Western Australia Landlords 212,178Share who made a loss 52%Average loss, among them $8,800
Tasmania Landlords 36,120Share who made a loss 43%Average loss, among them $7,900
Australian Capital Territory Landlords 50,991Share who made a loss 64%Average loss, among them $13,900
Northern Territory Landlords 19,484Share who made a loss 58%Average loss, among them $9,600

Worked out from ATO, Taxation Statistics 2023-24, under CC BY 2.5 AU. How we work these out. Every postcode: rental figures by postcode.