NEWS

Proposed reforms to Capital Gains Tax and Negative Gearing have the potential to unravel what’s considered the safer investment option, increasing uncertainty among investors and impacting their ability to plan their financial futures.

The proposed reforms could destabilise our property industry. It could leave investors questioning their financial futures. With one in every three Queenslanders renting — generating a $10.7 billion in annual rental income — destabilising this market will further impact property management and ancillary services.

Forced rental increases, as a result of the reforms could see the average three-bedroom home in Brisbane currently renting for $435 a week increase to $530 per week. This kind of impact will force renters in to budgeting limbo and potentially burden the public housing sector.