Real Estate & Home

Labor's negative gearing reforms to cost some Sydney tenants an extra $24,700 a year

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Labor's upcoming negative gearing reforms will significantly increase rental costs for Sydney tenants by up to $24,700 annually in some areas. This policy shift is expected to drive investors towards new constructions, thereby reducing the supply of affordable rental properties and pushing tenants into more expensive housing options.

This development matters as it could exacerbate the existing rental crisis, leading to further rent hikes and reduced availability of cheaper homes for tenants.

Read the full article at Property News - Latest Real Estate Market News

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