Suburbs set to lose most from negative gearing change
Investors continue to jump ship as regulation tightens its grip
Close to nine in 10 property investors in some areas are claiming negative gearing tax breaks amid higher interest rate hikes – and these areas could be transformed if the incentives were cut.
For investors, the residential property market has just got too hard. Many have thrown in to towel as mounting regulation and taxes beat them into submission.
The removal of negative gearing would make it harder for young people to get a foot on the property ladder through reinvesting as more investors rely on the tax concession.
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