Will this budget finally kill off property spruikers and buyers agents?

S

smashproxy

New Member
I'm pretty sure the upcoming budget is going to be really bad and an insult to anyone who has aspirations. Once again, they'll hit us with higher taxes instead of doing hte right thing and going after big businesses that aren't paying their fair share. But there might be one silver lining from this budget we're about to get.

Watching the property services sector—which has been way too bloated for a while—finally get a much-needed shake-up is long overdue.

I think supply side issues will keep property values from dropping too much, but investor demand will disappear once this budget comes out, and so will most of those property spruikers and buyer's agents.

The helpful folks like brokers should be fine, but buyer's agents? Not so much......
 
The property market is really just about simple supply and demand, you know? We've still got way too many people and not enough homes, and the gap is only getting wider, not coming together.
 
It's just so incredibly cool and good that we have to pay full tax on the money we work so hard for like wages and salary but if we buy a thing, hold onto it a little while, and then sell it, we get a sweet discount on the tax!
 
Before every election, there is talk about property investing changes. It aims to get the vote of first home buyers. They blame investors for their past poor financial decisions.

When will people realize renting is a great financial strategy if you don’t correctly?
 
Honestly, I'm not convinced a property tax hike is gonna solve the supply problem. I think rents will go up, and in a couple years, 6% yields will be the norm for rentals that'll bring investors back. So in a few years, we'll be right back where we started, stuck with a policy that makes investors never want to sell.
 
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