Rental prices predicted to surge after budget changes | 7NEWS

2 hours ago The News Room

Rental prices in Australia are predicted to increase by 15 per cent to 30 per cent over the next two years following the Albanese government’s changes to negative gearing and capital gains tax. The National Australia Bank forecasts property investors will need to raise rental yields from3.5 per cent to 4.5 per cent in Sydney and Melbourne to offset losses from the budget changes. Treasury estimates contradict industry predictions, claiming rents will only rise by $2 per week.

Subscribe and set 🔔 » https://7news.link/YTSubscribe |

For the latest Australian news and breaking news alerts, connect with 7NEWS online:
Visit » https://7news.com.au
7Plus » https://7plus.com.au/
7NEWS Podcast » https://open.spotify.com/user/dm9fk9hzoe68ibpttheragdgi
Facebook » https://www.facebook.com/7NewsAustralia
TikTok » https://www.tiktok.com/@7newsaustralia
Instagram » https://www.instagram.com/7newsaustralia/
X » https://x.com/7NewsAustralia

7NEWS combines the trusted and powerful news brands including Sunrise, The Morning Show, Spotlight and 7NEWS.com.au, delivering unique, engaging and continuous coverage on the issues that matter most to Australians. Watch 7 News Australia full broadcasts and full episodes at 6pm and weekdays at 12pm and 4pm on Channel 7 and 7plus.

#BREAKINGNEWS #7NEWS