A lot of other factors at play... just to name a few....
Daniel Andrews (Vic State Labor Govt) wants to replace Stamp Duty with annual Land Tax charge on all property including PPOR
and land tax being reviewed annually instead of bienially
Daniel Andrews (Vic State Labor Govt) wants to increase rights of Tenants and reduce rights of Landlords
Bill Shorten (Federal Labour) wants to abolish negative gearing if voted into Govt
Australian Tax Office are clamping down on allowable deductions including removing travel expenses for inspecting rental property and restricting depreciation allowances to new property only
Wages growth is stagnant
Household Debt at record highs
Financial Stress and Mortgage defaults are on the rise
China are clamping down in capital outflow from mainland China
