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Yes rents will go up AND they will add GST to rental payments....

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14/02/16

14:18

Post #: 17015772
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Originally posted by frasier ↑

Shorten announced it would be grandfathered so as not to affect those who bought before July this year. However, it would affect those people too. Many would be banking on capital gain when they sell by selling to another investor. However that part of the market will be gone and they would be limited to home buyers happy to buy a former rental. A smaller pool.

As when Keating tried this, will be interesting to see what happens when rental properties dry up and rents increase. After all investors want a return - if they can't get it via capital growth the renters will cough up

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Yes rents will go up AND they will add GST to rental payments.
Leave NG alone.
Half income tax payments, halve all non-aged pension payments and watch the economy grow.
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