MCG Quantity Surveyors analysis covering more than 1300 clients found Queensland’s abandoned land tax changes had done lasting damage to investor appetite, with the state’s share of investment purchases falling from 40.9 per cent to 33.6 per cent and recovering only to about 34.7 per cent. Managing director Mike Mortlock said investors were increasingly willing to buy interstate, with the average distance between home and investment reaching 857 kilometres.
Reported by
Samatha Healy, Weekly Times Now, 20 June 2023
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