Property tax changes to drive rents up $10 weekly | 7NEWS

2 hours ago The News Room

Property experts have released new modelling predicting weekly rents will rise by $10 between now and 2030 due to government property tax changes, five times higher than the treasurer’s initial forecast. The modelling, commissioned by peak housing bodies, estimates nearly 11,000 fewer new dwelling build starts over four years, a potential GDP drop of over $1 billion, and the loss of more than 4700 construction jobs.

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