first home buyers

Property Market Demand Drops Amid Interest Rate and Tax Hikes

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Australian property investors and first-home buyers are retreating from the market as a combination of interest rate hikes, federal tax reforms, and economic uncertainty triggers a widespread “buyer’s strike.” According to data from Cotality, national auction clearance rates dropped to 43.1 per cent in the wake of recent budget announcements, while investor mortgage applications fell … Read more

First home buyers buoyed by negative gearing, capital gains changes at first Saturday auctions since budget

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Hundreds of property auctions took place across the country on Saturday, with prospective first-home buyers showing renewed optimism following the introduction of significant tax reforms. At one auction for a South Melbourne apartment, a successful bidder who had spent over a year searching for a home expressed support for the changes. She noted that the … Read more

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