Property experts say new housing supply will likely pop up near public transport routes, in inner-city areas and in new suburbs, and may dampen capital gains.
including the country’s first statewide 7.5 per cent levy on short-stay rentals such as Airbnb and Stayz.Tim Lawless, CoreLogic research director said the new housing supply would help improve affordability for buyers and renters, but agreed that it has the potential to dampen capital gains and investment returns for landlords.
Melbourne also underperformed during the recent boom where prices increased by just 10.7 per cent, compared to Sydney’s 24.5 per cent growth and the national price increase of 26.2 per cent.Inner-city apartment investors could be particularly vulnerable to new supply injections, Mr Lawless said. Cate Bakos, buyer’s agent with Cate Bakos property said the bigger threat in the near term was the rapidly declining number of private investors.
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