29/05/2026
Well, that was quick!
😮
It’s looks like the retreat may have started.
Are we about to see a cease fire in the investor invasion?
🤔
Less than a week ago, Westpac announced that it was the first bank tightening lending criteria for investor loans in a move to lessen its exposure to the fallout from the Budget’s changes to Negative Gearing. Macquarie Bank followed suit.
In other words, now that investors won’t be able to claim tax breaks against any losses - the cost of holding a property v the income derived from rent - it look like the banks have factored in the weakened ability of mum and dad investors, across the board, to service a mortgage without the tax concessions.
Craig takes a deep dive into the week that may have changed the property market!
LATE BREAKING NEWS: A prominent mainland Buyer's Agency/Advocate, Dashdot, look to be the first victim of investor uncertainty. They, sadly, wert into receivership on the 28/5/26
Craig and Karen Heppell, Ulverstone Real Estate - The Award Winning, Trusted Name in Ulverstone, West Ulverstone, Penguin, Turners Beach, Devonport and surrounds.
Well, that was quick.It’s looks like the retreat may have started....