Another property market blow as investors pivot after government tax changes | The Business
The property market has taken another hit with data showing a sharp drop in investor demand. Loans to investors fell 9 per cent in the June quarter, according to the ABS, as buyers voted with their feet on tax changes announced in the federal budget. But there is some money chasing new builds. Since May's budget announcements, investor enquiries on realestate.com.au have shifted towards higher-yielding rental properties, that are more likely to be a cashflow positive investment. Realestate.com
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