Almost one in eight investors acted on plans to sell during 2023, against the 19.2 per cent who had flagged the intention a year earlier, according to PIPA’s sentiment survey. Melbourne and Brisbane recorded the heaviest selling among the capitals, and 57.4 per cent of respondents ranked Victoria the least accommodating state. Chair Nicola McDougall attributed the exodus to tax threats and tenancy reform.
Reported by
Rowan Crosby, Elite Agent, 13 September 2023
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