‘Investor demand to cool’: Tax shake-up sends shockwaves through property market
REA Group Senior Economist Angus Moore warns investor activity in Australia’s housing market could sharply cool as tax changes and higher rates rattle confidence.
“Investors have been one of the more interesting stories in property markets over the past couple of years and have been incredibly active,” Mr Moore told Sky News Australia.
“Given that rental market conditions are starting to ease up a little bit and we’ve seen a hike in rates, we’d probably expect some of that investor demand to start to cool a bit.”
In partnership with realestate.com.au.
