AARON PATRICK: Allowing new homes to be built is one thing. Changing the tax rules and pushing down prices is another. Mr Albanese is changing the country. Investors are being forced to adapt.
Q+A: Plan to rent out your home when you buy a new place? There’s one capital gains tax problem to consider, especially considering Perth’s still red-hot property market.
House prices are now falling in two Australian cities, with the first monthly decline in three years hitting some of the nation’s strongest performing markets.
Independent Senator David Pocock is warning divorcing couples could still lose the right to negatively gear an investment property until Labor clarifies its amendments.
Australia’s peak accounting group has warned rushed Budget tax changes would impose severe costs on investment property owners and shareholders — even if they don’t sell.
AARON PATRICK: A $3.4 million house in one of Brisbane’s best suburbs did not receive a single bid at an auction, a sign that property prices could be entering into a serious downturn.
The median age of Australian property investors has risen during the past 25 years, with the Reserve Bank revealing new data as Treasurer Jim Chalmers introduced a capital gains tax and negative gearing bill.
AARON PATRICK: Taxpayers may question why benefits often go to people with an insider-like knowledge of how the system works, rather than the truly desperate, needy or marginalised.