Investors are adjusting but what does it mean for housing and rents?
Five months after the Federal Budget, falling investor lending and a shrinking rental pool are raising questions about whether changes to negative gearing are delivering the intended housing market outcomes.
Some projections suggest that 10,000 new dwellings will not be started due to changes in taxation policy. (Image source: Maksim Safaniuk/Shutterstock.com)
It’s coming towards five months since the 12 May Federal Budget, and we’re starting to get a clearer picture of how the changes are affecting the real estate market and, in particular, the rental market.
You might recall that we were told the changes to taxation were largely driven by what the government said was a strategy to help a greater number of first home buyers into the property market. What they didn’t focus on was the effect those chan…
