It's likely to be years before the impact is felt from changes to investor property laws
It's likely to be years before the impact is felt from changes to investor property laws
13 May 2021
Investors selling properties within 10 years must pay tax on gains, and can't claim mortgage interest as an expense.
Real Estate Institute data shows the median residential property price has increased by 19 percent in the past year, but is down two percent in the past month.
OneRoof property commentator, Ashley Church, says some investors stopped buying as soon as the rules changed.
He says the ongoing impact's going to take four years because the practical impact of the tax changes are phased in over that time period.
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