Property investors ‘crash out’ after federal budget tax changes
Changes to negative gearing and capital gains tax in the federal budget have sharply reduced investor credit growth. The Reserve Bank of Australia’s (RBA) credit aggregates data for August, illustrated below by Justin Fabo from Antipodean Macro, show that investor housing credit growth decelerated sharply to 0.32%, down from the recent peak of 0.95% in The post Property investors ‘crash out’…
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