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Rents could rise up to 30% if capital gains tax scrapped, says investment expert - The Indian Sun
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Rents could rise up to 30% if capital gains tax scrapped, says investment expert - The Indian Sun
Rents across Australia could increase by as much as 30 per cent if capital gains tax settings are repealed, according to property investor and B.Invested founder Nathan Birch, who warns that reduced investor activity would tighten rental supply. Birch said the potential impact mirrors the period between 1985 and 1987 when similar tax settings were removed and rents rose sharply across major cities. Data from the Australian Bureau of Statistics s…
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