Investors were reported to be selling Queensland holdings ahead of the state’s land tax change and recent tenancy reforms, with one couple divesting two of their three rentals. CoreLogic data showed former rental listings rose 34.1 per cent since the start of the year to 12,131, close to a third of all new listings nationally. Rental listings fell sharply in the major capitals and the national vacancy rate dropped to 0.9 per cent, a 16 year low.
Reported by
Nila Sweeney, Financial Review, 25 September 2022
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