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‘Rents are certainly slowing’: impact of Australian tax changes
Rents slow, vacancy up; tax changes, new builds, high costs shifting focus towards home ownership, affecting renters long-term.
Rents slow and vacancy rates rise, offering good news for renters, says Australia Institute’s Matt Grudnoff
‘Rents are certainly slowing and that vacancy rates are up and that’s good news for renters.’
Matt Grudnoff from Australia Institute discusses the impact of tax changes on the rental market.
Investors are increasingly focusing on new builds due to budget incentives.
High construction costs are impacting the affordability of new housing developments.
A shift towards home ownership may reduce the proportion of renters in the long term.
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