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With the Albanese government’s proposed changes to negative gearing and the capital gains tax discount dominating headlines, tales of a property investor exodus pre-dating even the leaks of the changes have emerged.
According to an analysis by FoundIt, landlords listed 22,640 former rental properties for sale in the last three months; of those, 4,865 occurred in Sydney and 5,565 in Melbourne.
This showed that 21% of homes listed for sale in Sydney and Melbourne during that period were rental properties owned by property investors.
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About the author
Tarric is an Australian freelance journalist and independent analyst who covers economics, finance, and geopolitics. Tarric is the author of the Avid Commentator Report. His works have appeared in The Washington DC Examiner, The Spectator, The Sydney Morning Herald, News.com.au, among other places.