Anyone surprised?
In the meantime, The Greens want to “drive a hard bargain with Labor before committing to pass the measures through parliament”… and say “the changes for property investment were little more than “tinkering around the edges” and as much as 95% of the benefits of the existing rules would remain”.
There are going to be a lot of people who go quiet in a few months when the rental market doesn’t suddenly destroy itself, and they realise they can’t simply double rent 😂
I don’t see why people think it will significantly change… everything is grandfathered in and just means instead of investors buying established houses it will be home owners.
Investors have been threatening they’re going to sell their properties for years. And on facebook, there are many who literally say they’re important and they’re doing everyone a favor by investing.
Despite saying that, it hasn’t happened.
Even when interest rates were decreasing, they still ramping up rent then too. First home buyers aren’t negative gearing (because they’re living in it), so this is a sensible move
People have such skewed expectations. I don’t know why people think investments need to be guaranteed (there’s inherent risk in investments). It also flabbergasts me people think investments > home ownership.