Negative Gearing Fears Grow As House Prices And Rents Predicted To Rise | 10 News

Controversial changes to the capital gains tax and negative gearing appear to have further spooked already wary Australians looking to enter the housing market.New data warns auction clearance rates are tipped to fall to levels not seen in four years, with prices in most capital cities also expected to rise by the year's end.

Auctions, a Saturday staple.Persistence, hopefully paying off for you, sir.As buyers hit the market on the hunt for a deal.But it appears that appetite is waning in the wake of the Federal Government's controversial tax changes introduced to Parliament this week that will see negative gearing restricted to new builds and set a minimum 30 % tax rate on real capital gains.expected to fall to levels not seen since 2022.

I think the budget changes are part of that reluctance.Even though our expectations are that the RBA have enough to pause when they meet mid -June, there is still the market pricing in another rate hike this year.

And as the market slows, buyers would hope for prices to follow.But that's only expected in Sydney and Melbourne, with median house prices in Brisbane, Adelaide and Perth tipped to jump by years.years end.

People are still trying to find whether you know now's the right time to buy or later.

A lot of buyers are going this is all too much I'm going to put myself on the sidelines for now.

While the political fight over the reforms rolls on.

We must fight and defeat Labor's socialist vision if we're going to restore our standard of living and protect our way of life.There'll be you know short -term fluctuations in the housing market but you've got to set your policies for the medium and long term.