Brisbane Times
·general
·2 hours ago
Spooked investors could see house prices sink after big budget changes
Australia's government overhauled property taxes Tuesday, limiting negative gearing and capital gains discounts to new builds from July 2027. Banks forecast 2 percent slower price growth over three years, but spooked investors could trigger sharper short-term declines, with Commonwealth Bank estimating nearly 3 percent drops.
Summary by Glance · Brisbane Times
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