No way ! Unlike real estate, there is no negative gearing allowed by the ATO on shares. Incidentally, negative gearing means the following :
(quote from https://www.investopedia.com/terms/n/negative_gearing.asp )
DEFINITION of 'Negative Gearing'
Borrowing money to buy an investment asset without receiving enough income from the investment to cover the interest expenses and other costs inolved in maintaining it. Depending on the investor's home country, the shortfall between income earned and interest due can be deducted from current income taxes. Countries that allow this tax deduction include Canada, Australia and New Zealand.
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