Overview
Top property leaders say Sydney’s housing market has become the first casualty of Labor’s tax changes as investors and even first home buyers step away from an accelerating downturn.
While changes to negative gearing and the capital gains tax discount have been heavily anticipated, the confirmation in last Tuesday’s budget hit the market harder and faster than many expected.
Source: https://www.afr.com/property/residential/straw-that-broke-the-camel-s-back-sydney-property-market-cracks-20260518-p5zy0q