Rent could jump 10% after tax changes | 7NEWS
The Australian government's tax changes to negative gearing and capital gains discounts are expected to impact the rental market. Property experts predict rent increases ranging from the government's estimate of $2 per week to some experts' forecasts of $50 per week, representing up to a 10% hike. Christian Bailis, Founder and Chief Investment Officer at Fort Lake Asset Management, warns that reducing investor participation in a tight rental market with only 1.7% housing stock available, combined with 300,000 new arrivals annually, will likely push rental prices higher despite government intentions to free up properties for first home buyers. Subscribe and set 🔔 » https://7news.link/YTSubscribe | For the latest Australian news and breaking news alerts, connect with 7NEWS online: Visit » https://7news.com.au 7Plus » https://7plus.com.au/ 7NEWS Podcast » https://open.spotify.com/user/dm9fk9h... Facebook » / 7newsaustralia TikTok » / 7newsaustralia Instagram » / 7newsaustralia X » https://x.com/7NewsAustralia 7NEWS combines the trusted and powerful news brands including Sunrise, The Morning Show, Spotlight and 7NEWS.com.au, delivering unique, engaging and continuous coverage on the issues that matter most to Australians. Watch 7 News Australia full broadcasts and full episodes at 6pm and weekdays at 12pm and 4pm on Channel 7 and 7plus. #BREAKINGNEWS #7NEWS
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