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Negative Gearing update – Ray White Brighton

By Penny Peng

How will you feel about a 20% slump in house prices for three years while rents rise above the long term average?

That’s the grim outlook according to Australia’s most accurate property forecaster SQM Research, who today released a report into the likely housing market effects of the ALP’s proposal to change negative gearing.

The research also found that along with the increase in the residential rental market, stamp duty revenue will drop between $3.1 to $3.8billion.

Click here to read the full report.

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