I am an avid follower of leading Sydney auctioneer Tom Panos. I always watch his Saturday auction market report on YouTube for insight into the market’s pulse and developments in the real estate industry.
In this weekend’s update, Panos took direct aim at the Albanese government’s rumoured changes to the capital gains tax (CGT) discount, which could reduce it from its current 50% to 25%.
Such a change in the CGT discount would make investment in property significantly less attractive by reducing after-tax returns.
