Property boss warns negative gearing changes could trigger major rent hikes
- 2 days ago
- 1 min read
A property investment expert has warned rents could rise sharply if the federal government changes negative gearing rules in tonight’s budget.
Treasurer Jim Chalmers is expected to unveil housing and tax reforms aimed at improving affordability, including possible changes to negative gearing and capital gains tax concessions for investors.
Real estate investor Nathan Birch claims the move could place extra pressure on renters, with some weekly rents potentially jumping by as much as 30 per cent.
He said smaller “mum and dad” investors would be hit hardest, arguing many could pass higher costs on to tenants.
The government says tougher action is needed to address growing housing pressures and concerns about affordability for younger Australians.
Details of the proposed reforms are expected to be revealed in the federal budget.
Source : 9 News
Stay tuned with Aus News Lanka – the leading platform for news for Australians.
Comments