Scale of property investor exodus smashes records
Across the board, from first home buyers to owner-occupiers and investors, Australians are abandoning the property market.
Listings are increasing around the country but even as prices fall, buyers are reluctant to enter the market. (Image source: Shutterstock.com)
Property investors are now as scarce as thylacine sightings.
With property prices in freefall
, negative gearing incentives gone and capital gains tax discounts off the table, investors have exited the market in record numbers.The Federal Budget measures unveiled in May were intended to make property more affordable for first home buyers but with the threat of negative equity looming over any current purchase, they too are nowhere to be seen.
…
