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Victorian property investors selling up as rising rates and new taxes bite

Press coverage 23 October 2023 Summary of published coverage
Victorian property investors selling up as rising rates and new taxes bite

Victoria’s expanded vacant residential land tax, COVID debt levy and short stay charge were expected to accelerate an investor retreat, with Melbourne dropping from second favourite capital among landlords to eighth in PIPA’s annual survey. A quarter of Melbourne investors had sold a rental in the past year, and 38 per cent nationally signalled they might sell within 12 months.

Reported by

John Beveridge, Small Caps, 23 October 2023

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