I don't see how the APRA and ASIC lending changes which are making it harder for property investors is going to boost the availability of rental accommodation in the market or the changes to the depreciation of existing properties is going to make it more attractive for property investors?
I agree Steve. Curbing depreciation and travel deductions cannot possibly aid housing affordability. The truth is quite the contrary, as it reduces incentives for investors to own rental properties. The Treasurer and the Treasury servant are full of it.
Our politicians are so out of touch! how does cracking down on depreciation improve rental affordability.... it won't!! it will drive up rental prices and push investors away into other investments.... take a look at Bitcoin at the moment!
As for foreign investors, most of them will up the price of the rent to deter people from renting the property or rent it on air bnb to their international friends and family, so thats not and effective strategy either!!!
It was only a few years ago that they were encouraging us to be self supporting in retirement and now they are taking all the incentives away from buying an investment property and making it harder again with the banking restrictions even if you've a mind to still dip your toe in the property market. Rents will be driven up because the supply of rental properties will shrink.