‘Going to have implications’: Albanese government mulls major property tax reform
If the government were to decrease investor demand in the housing market now, it would probably be “not well timed”, according to REA Group senior economist Anne Flaherty.
This comes amid speculation that the government could make changes to negative gearing and the capital gains tax discount.
“It will theoretically, most likely, bring down home prices … and investor demand cool off,” Ms Flaherty told Sky News Business Editor Ross Greenwood.
“But if we take a longer-term view, decreasing that investor demand is going to have implications for the supply of rental properties and also the supply of new homes.”
In partnership with realestate.com.au
