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One in three Aussie investors may quit, renters squeezed | PIPA
One in three property investors say they could quit the market if the capital gains tax discount is cut, as a rate rise bites into borrowing power and rental supply fears grow.
One in three property investors are preparing to quit the market as a radical federal tax grab threatens to bridge the rental crisis.
It comes as fresh interest rate pain wipes up to $23,000 from the average family’s borrowing power.New research from the Property Investment Professionals of Australia shows investor nerves are already influencing behaviour, even before any policy is locked in, with warnings that further sell-offs would deepen Australia’s rental crisis.
How capital gains tax changes could impact you
The Albanese government is understood to be mooting changes to capital gains tax. (AAP: Glenn Hunt)
Back in late 2024, as the federal election campaign was at its height, Treasurer Jim Chalmers ordered Treasury to run the numbers on the impact of scaling back some of the lucrative concessions to capital gains tax.
Somehow, this was leaked, paving the way for the treasurer to dismiss that anything was afoot.
Now, it's on again. This time, following another well-sourced leak, it could form the centrepiece of the next federal budget in May.
Once again, the idea, while not being absolutely ruled out, has been downplayed.
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