Housing rules dampen investor spirits

  • Domestic and foreign investors are beginning to turn away from Australia’s housing market due to tighter government regulations.

A report by professional services company KPMG says the new measures, such as increased rates of stamp duty taxes on vacant property, have dampened the spirits of prospective investors and anticipates they will be less active in the market in the coming years.

READ MORE VIA SKY NEWS

PHOTO SOURCE: SKY NEWS