The "reforms" have removed all the tax subsidies for renters. No depreciation. Removal of -ve gearing. etc.
Plus greatly increased compliance costs.
All these costs get passed on. Much more to come. So hope you are enjoying the extreme rents!
Domestic investors are a tiny fraction of the market and have to buy as cheap as possible - so don't push up house prices.
Maybe the foreign ones with Chinky sounding names are to blame?
Plus greatly increased compliance costs.
All these costs get passed on. Much more to come. So hope you are enjoying the extreme rents!
Domestic investors are a tiny fraction of the market and have to buy as cheap as possible - so don't push up house prices.
Maybe the foreign ones with Chinky sounding names are to blame?
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