Warning: Property Weakness Ahead Will Have Real World Consequences…

In recent posts I highlighted how the current property dynamics thanks to higher interest rates, and now Labor’s decision to introduce a minimum 30 per cent tax on capital gains from July 2027 and abolish negative gearing has rattled property investors. I also said, from an affordability perspective we do need lower prices, because it is impossible for wages to catch up, and price falls will also be impacted by the impossibility of building new homes at a price point which is affordable. This is a complex multi-faceted issue, and I note that Housing Minister Clare O’Neil refused to take credit […]