does anyone knows about negative gearing

"Negative gearing" is when you borrow money to buy a property but the income from the property (usually rental income) doesn't cover the interest on the loan. It means that, during the time of the loan, the borrower is in a net loss situation. If the value of property increases enough, the borrower may eventually recoup his losses and make a net profit. Sometimes 'negative gearing' is used to obtain a tax advantage (if, for example, capital gains are taxed at a lower rate than regular income and there are tax concessions on mortgage interest payments). You probably need to consult an accountant if you are thinking of buying property as an investment. If you just intend to live in the house, then you may only need to compare the cost of a mortgage with the cost of renting a similar property, also taking into account the certainty that the longer you hold the mortgage the more you will have paid off the loan and the possibility that the value of the property will increase.