Australian Government unveils major housing tax shift for buyers | The Canberra Times

“In an already tight rental market, less investor activity means less inventory for renters. But the bigger question is whether owner-occupier demand will fill the gap to sustain prices. At the entry level, [the will probably be the case] For detached properties, however, those selling above the $1.2 million threshold are more exposed to price corrections in the short term,” Claire Corby of Capital Buyers Agency said before the budget.